Charity Trgi$tratlon number 1121398
ompany r•gi$tration nUm￿r 06084975 IEn9land •nd Wal•sl
OUR LADY OF SION SCHOOL, WORTHING
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
•AC4P6KIIC*
31nJY2023
¢(￿PANIEs HOUSE
A24

OUR LADY OF SION SCHOOL, WORTHING
LEGAL AND ADMINISTRATIVE INFORMATION
Tnjsteès
IArs G Buque
Dr S Coldwell
Ms L Hammond-11￿$
Mrs K Henwood
MFA Talati
Mr S Callaghan
MTA Puglia
Mr G RavAinson
Mr R Sparkes
Ms E Wamètt
MrA Ctjndy
J Dahill
(Appointed 9 September 20211
Sètrètsry
Ms L Hammon¢&lUes
Charity nwmber
1121398
Company number
(E084975
Rè9i$tered offKe
Gra￿l¢ke Road
WorthirrfJ
West Sussex
8N11 48L
Auditor
Alliotts LLP
Friary Court
13.21 High Slreet
Guiklford
Surr8y
GU1 30L
Bankèrs
Lloyds TSB
PO Box 1000
Andové
8x1 1LT
Sollcitors
Moort Bartow LLP
The Oriel
Sydertham Road
Guikyford
GUI 3SR
Stone ￿.￿9
Boundary House
91 Chartethouse Street
London
EC1M 6HR
Investment advisors
Ralhbones
l Northgale
Chichester
Wesl Sussex
P019 1AT
Craven Street Weatth
3 Gough Square
London
EC4A 3DE

OUR LADY OF SION SCHOOL. WORTHING
CONTENTS
Page
Trustees. report
Independent auditorf5 report
Staternent of financaal actiwiEs
15-16
Balance Sheet
17
Statement of cash flryws
18
Notes to the finanrial $tslem8nts
19-33

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 AUGusf 2022
The lrnstees present thèir annual tewt and financial statements for the ye•r ended 31 August 2022.
The financial ststements hawe been Prepared in accordance with Ihe accounting poliues sel out in note I lo the
financial stalernen15 and comply wrfh Ihe charitable company's Memorandum and Artides of Association, the
Companiès Act 20￿ and Ac¢ounting and Reporbng by Charitie5.' Statement of Recommen¢Jed Practice appli¢able
lo chaiilies preparing their accounts in a¢cordancè wilh Ihe Finantyal Reporty"Tr9 Standard applicable in thè UK and
Republic of Ireland IFRS 1021- (effective 1 January 20191.
Objectiv•s and aGtivitiè$
The objects ol th• ¢haritable company as outlirted in Ihè Memorandum and Artides ol Association are Ihe
advancernenl and prornotion of education and Ifaining, by the provision and conduct of an interdenominational day
school for boys, girls and young adutts. In addrtion. the tharrtable cornpany ha$ the power to advancè education in
any way which is incidental of arntillary to the primary object which benefrts thè local ccmmunity.
Charitable aims
The C¢)ngre9ation of Our Lady of Sion is a Catholic foundation. which works lo foster rnulual understanding
betwean people of diffèrent religious and cultural Iradltions. throu9h lis eomrnunities in ￿entY-fOUr couniries of the
worfd. The role of education in this WO￿ is vjtal and the Importance ol dialoguè be￿een people is umyaveringly
encouraged. The rnission ol Sion's Founders is ever pcesenl. Through promoting discussion and finding spa¢es for
dialogue, our young people re¢ognise the value and beauty ol diversity. and this ser¥es them wel as they move inlo
an everd)anging worfd.
O¢Jr Lady of Sion School I￿￿rthIng) aims to help yourKJ people ol all faiths and beltets and Ihose who do not have a
religious belief. Valuing diversity and offenng a wam) wekome for all people 15 at the vèry heart ol Our La¢Jy ol Sion
Schools. Every young person is encouraged to reach Iheir POlenti31 thfough a proactive embracing of "growth-
rnind-set techniques and language. a development of inlrinsic sdf-motivab.on and thravgh excellent leaching and
support from all adult5 in the school. These core values of 5elf-motivation. aehieving our highest aims and
encouraging one another to be Ihe very best version ol ourselves is centfal to workin*relalionships between Sityn
staff as well. Our teachers encoltrage inquisitiveness and a love for exploration. We celebrate the power of thinking
and Ihe unfathomable output of thè mind. Our "challenge+" mindset encovrages all leachers to challenge every
child in evèry lesson. They are min(Jful of Ihe starting point of each individual and use the educational experience to
enc¢wra9e an energised joumey towards personal attainmenl and pro9ress. Our Original Mifids. Circle Evènts offer
opportunities for children frorn wilhin the sthool. the town and even the County to engage wilh regular workshops
which are designed lo encourage individual iesponses to concepts and original thinking shared around the scholarly
"lable. The Original Minds, Cirde IOMC} brings together like4minded. bright young pèople for several free evènts
during Ihe a¢ademi¢ year.
We encourage every person wilhin the school to engage with the ¥￿der cornmunrty and to address {through
porvjering and actions
both Indiv￿u81lY and collectivdyl Issues Ythich are vstal to the lutUFe well-being of OUT
sooely, oltr present and future generalions and essentsally Ihe whole wodd. This is loslered in a dimate that Is
pefme8ted by the teachings ol the BitAe and wrth a respect foT olher teacfvings that support Chnstian principles.
Ults"mately, the message ol Our Lady ol Sion is to consider the otheF befofe yoursdl. We work tO9elher to develop a
otson ol selfless servanthood whth in turn leads lo the devolion ol our tsme an(J skills 10 sUPPOrt an(1 improvg lh¢
lives of others.
We offer bursariès and other assisted placès to pupils whts would bwfrt from being eduealed wrthin thè nurturing
ané welcoming ethos ol Our Lady of Sion School. As a to￿￿Centre school, focused on supporting our community
within Ihe spirit of serwce, we encourage local groups to use our faalithes wherever possible And appropriate. We
work with our internalional farnily of (Sitsnl schools. fundraising tts support need aCfOSS t*e gl()bè whi15t als¢
ensuring that our students, charrtable locus supports a variety of more local neeils. We want lo make a diffèren¢e.
We regularly visrt local Nursw Homes as part of our who￿Sd￿l Community Outreach prograrnme.

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2022
Public benefft
The truslees have ¢on5idered Ihe Chanty Commission's general guidance on Pub￿.¢ benefit when reviewing the
aims and objectives. The primary aim of the Ghariiable company 15 the education of children. The schgol a¢cept5
ehildren who are of average ability and above. and it actNely encourages the development of all abilities. A5 a
independent school w* are awafé thai fees may * as a barrier 10 5cme. and we therefore provide bursaries and
Scholarships for pu￿.1$ for whorn Ihe school will olherwise be out of reach. Furtherrnore, during periods that Ihtr
School is nol being used for the advancement of edtjcalion. rt is let lo members of ihe local public. We have seen
an incrèase in local groups using our premise5 and we are keen to pro￿de grealer ￿ve1$ ol opportunity moving
fO￿ardS. Our "artsspaces@sions¢hool" prowde5 0 variety of venue5 Wlthin the school campus to local arts groups
for con¢erts, workshops, exhibitions, and smaller produclion$.
Achl•v*m•nts and ptrrfom)ant•
roduc
The following paragraph5 will look back at some ol the develtspmenl$ and improvement5 made.
2.Pr
A continuing foeus has been malntsined to ensure that we operate in a safe and secure environment. We
have enhanced th* premise$ in the followlng ways=
New Slxth Form Centre - VISion Cenlre. We have prO￿led an inspiraiion81 space for our Sixth Forrn
students which indudes a S￿l$h Slvdy Room. bathroom. pastoral office an(J Sixth Form Common Room
and Kitchen. This has been relocated to the Chapèl Buildings which is more in kewng wilh the buildings
ol our finest Unive￿tieS. OurA Level students will now graduate from the Chapel.
We have a newly relurbished Perfoimirb9 Arts Centre which indudes a Music Deparlmenl with a traditional
classroom. Eleclronic Keyboard Rl￿rn. Sin9ing Room. Drum Sludio and Vanous rehearsal studios which
provide band instruments and vocal PAS and electronic drum-pad machines.
We have refurbished the School Resource Centre. providing more study areas. leading areas and PC
PfOV1510n.
The modern building which house5 English. Maths, Art5 and Humanities has been renovated inside lo
create bright and airy corridors which will Pfovide gallery spaces for students, athork and olher
inspirational a￿Ork lo inspire young people and staff members.
We have rJealed an Admin Hub so that adminI5trative staff can work together in the sarne office and enj¢)y
giealer levels of collaboratiw and socsal InteraGIion.
We have reinslaled the Staff Woik Room so Ihat leachers have space to prepare lessons wilh ICT sUPPOrt.
We are developin9 Green SpaGes as part of our Sion Soil Initiative which in turn olters 5taN and young
people the opportunity lo garden and grow plants, flowers. and vegetables. Thi5 in lum provides
opporturmty to be 'in naluie. which supports mental wellbeing and physical health.
We have Gr¢ated a Year 11 Common Room to serve our eldest sGhool pupils. This offers a "grown up"
5paGe for these young peopk, offering them areas lo stvdy a5 well as areas to relax togèther.
We conlinyg to develop our prowsion and the general infra5truclure of ICT. This is phase one of
more Signifi￿nt project.
We have added more seating in the ￿¢rea￿Onal spaces so that young people Can comfortably sit together
and ￿MmunIcate during break-times and ILtnchtimes.
We have added a STEM room in Ihe Junior School lo inspire young people lo expkne all areas ol STEM
subjects.

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Learnin
The school curriculum has ¢ontinued to be developed to ensure it is fil lor purpose both as a traditional provision
and a cutting-e¢Jge offer Ihat responds io a changing world. We continue to rèview our ¢urrieulum in consideration of
global events and locallwor￿lssueS and èven In response to the ongoing developrnent of technology SLFch as
CHATGPT and Arts'fitsal Intelh9ence. Tra￿￿'onal curriculurns will teach children h)w to live in the ￿entleth Century.
This needs irnmediate re¢tificalion so that our young people are prepared fof the worfd today their fLtlure which
undoubtedly indudes iapid ch3n9e and Invention. We ccffilinuè to buhld our curriculum with Ihis in mind.
Beach School has been fulty established throughout the Junior Sthool wilh all teachers Irained. Regular sessions
tske place with children invofved in learning actiwtie5 on the beach front. A focus on more able Maths provision h35
enhanrRd this area and core math5 skn115 has been developed through investment in Numi¢on resourc¢$ an¢J
trainin9. Wè hav¢ added elements of a Wld Curriculum and ouc youngest children now enjoy Forest School
expefiences each week (Reception and Year 11. More Able children can have lèssons with an A Level teacher
where Ihere is significant need to support exception￿ ability. We have also Introduced a Chatter Club lo support
¢hildren who may have had their speech and cornmunbcation devekyment thwarted through the pandem
experience.
Thè Teaching and Pfogre$5 meetings bring tO9ethÈr academie staff io Mew regular ¢Jata uploads so that th•
academic land atbtude to leaming infomationl Can be reviewed and required intervenb.ons agreed and aclioned.
The Known and Nurtur￿ infoimation Wofks alongside the acadèrn￿ rècords so that every child can be supported
as an individual and Ihe education experience iailored to need.
Thè school has also focused on providing more opportuniiies for stttdents to partirypate in exlemal competitions
¢fOSS Ihè ISA events. World Language5 and Maths lacullies have lully en9aged in challenge+ rnindset with
opportunities an5tn9 within Ihe Language Bee initiative a(hd the Math5 Challenge for children acr055 the age ranges.
STEM continues to lasonale our young people and the new STEM rotsm in the JuNor schod is helping to inspirè
young people to explore the lull range ol STEM subjecls and inspirè inleTest.
W¢ have developed out Key Stage 5 provision through the addithon of ¢OLJrses. New ¢ourse5 are..
A Level Econom
A Level Law
We are hopin9 to add A Level phi1050phy in 2023Q024
We have enioyed retuming to reshlential ant1 daytrips to enhance cyjr curriculum through extra-curricular activitses
bolh in the UK and overseas.
We appointed new Key Stage Coordinator robes into the middle-management structur8. These roles focus in on
the aca(Jemic and pastoral wellbeing ol children in Key Stsge l and 2.
4. Pastoral and Safe
rdin
We appointed a r¢ew member of staff into cwJr Senior Leadersfv"p Tèam.
Pa$ltsral Care is Ihe overall re$ponsibih'ty of the Senior Leader (Pastoral & Saleguardingl DSL. Th& Headteachor
(Oepuly DSL) and Deputy Headteacher (Deputy DSL) assi$15 the Senior Leader OSL in ensuring ihal thè school
provides the most appropriale support lor chIld￿n to mèet current needs. Preventing issues Is an important part of
Ihe pastQTal support ar￿ therefore Earty Help is in helpirKJ 51LTr(Jenis through difficultieslneeds beFore they
escalaie into Goncern5 whith are far greater.
Staff are aware of the importance of sharirrfj their concems abcwjt studenis as and when these arise. This ethos ol
proactive care Is deaty d¢xumented in our Safeguarding Policy.

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
The role of the Key Stsge 3 C￿OrdInat9T and Form Tutors 15 lo rnonilor the pastoral and acadernic status of children
in Iheir care. They proadively rnonitor 5tuden15 through active cornmunicalion with Form Tutors and Subject
Teachers. The Senior Leader IDSLI and Depiity Headleacher (Deputy DSL) are a150 consulted and will be updated
regarding any curreni ¢on¢ern and agreed action plans. to ensure that every student in need is supported and that
posjlsve aulcornes are achieved either through Early Help within the 5¢hool or through additional support from
external agencie51Local Authority support through the MASH IMulb-Agency Safeguarding Hub).
The Senior Leader IDSL) holds regular meetings ￿th the Key Stage 3 Co-ordinator. Forrn Tutors and Lèarning
Support Co-ordinator to high1￿ht and discuss any sludents causing concem and to a￿ee an action plan that is fit
for purpose and a¢hieve5 ￿$l￿ve ouicomes. Thèsè are reviewed evèry week.
All staff are regularly rerninded of Ihe need to be ￿gilant in school an¢J to understand that Child Pfoleclion issues
could happen heie. They a￿ encouraged to share any concèm - however small th31 may be- as these pieces of
information are very helpful in building Ihe broader picture and can be viial as we focus on salè9uarding every
individual.
If there is a need lor rnutti-agenry support or is a Chikj Protèction concem. the DSL will reler to the MASH for
advice and inform the Headteacher. Staff must have a good understanding and knowledge of KCSIE including the
information in Annex A. Safeguarding updates will be issued by the DSL throughout the yèar and all staff will need
lo remain updated regarding online safety and other wlal information shared by the DSL. Infomation will be shared
V5a email updates, with staff briefings and meeting5 and throu9h lormal training.
In response to the concems raised in Ihe OFSTED report on sexual hara55ment and vidence, we Set up the What
Matters Programme.
The 'What Matters, Prograrnme is COTrordinaled by the Senior Leader IDSLI and Tuiois and the 'What Malter$' Team
together with the Mental Heallh First Aiders. The programme aims to 5UPPOrt the student's mental health and
general wellbeing. The support is provided through wellbeing advice 5e5sions and thrgugh the 'Whal Mallers,
PTOgramme for each year group. What Matter5. Workshops - these foGu5 on ffl¢ntsi health, wellbeing and social
issues that ar¢ relevant and cuThent to everyday lile.
Thè areas exploreij indude anxiety. stress. depressK)n, mental healm awareness, harassrnent. anti-bullying.
equality and gender issve5. and cover staying safe and when tts see further support. 'Whal Matters, Ses5ion5 - the
aim is to encouragè the students. academic. social, emotional. and personal development. This 15 achieved through
providing students wth iegular space and lime to lalk- and think- about worries, conceins and difficulties and help
them find effective solutions to these. Studenls are provided with age-appropriate infomation and guidance lo help
thern achieve their goals and an improved general wellbeing. Referials for fvrther support may be made by Ihe
Pastoral leam, teachers, parents. other colleagues. or the student.
The 'What Malters, Assembly and Tutor-lime programme are all used to promole our school ethos and to ensure
that studonts are gTven the opportunity to discuss important issueslevents, hear about importanl areas ol
Safeguarding ICSE, E-safety. Preventing Radicali5ation, Bullying. el¢l, and reflect upon thèir s)wn viewpoints and
academic PTogr•ss. The Fomi Tutors work dosely with Ihe Pasloral leam to ensure that studenls are given regular
opportunities to consider how to remain safe and how to posrtively support Ihe ¢ommunity in whi¢h thèy live. The
Seni()r Leadèr IDSLI. Headleacher, Deputy Head and Mission Oirector all run Year group 'Whal Matters, sessions
about ¢urrent matters raised through the anonymous Learning Platform tyjtton, and relevant Yeai group issuès
raised via the Student Pillars.
Wè also proV￿e our parents with briefings al Parents, Evening. covering a￿5 suth as Radic81isation, E Safely and
Child Sexual Exploitation. Our Leaming Platform has a'staying Safe, area whith a150 links lo'Parenl Info..

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
xtra-cufficul
We provide our pupils with a Mix of extra-curricular actwitses lo boosi theif confidence to intèract socially with
olhefs,. extend their social networks", and provide t￿M with new skills and abilrtie5. These activities offer an
important space lo have fun and relax away from the pressures ol Schoo￿Ork. Extra-curricular activities help our
students to leam about themselves and develop and use their skills and knowledge in differènt contexts. They can
a150 aid in the development of $elf-eStewn and confidènce.
We reco9ni$8 that students partictpate in valuable activAie5 Outside of sch901 and these also conlribule to their
overall development. Intereslingly. one ol ovi popul¥ actiwties has been 9wdening.
The Scho￿ has employed a part-time Mafkèting Managei wtth a view to ￿mC￿Je11lfig the mafketing strategy lo meet
current economic and consumer needs.
The Marketing Manager has wewed th¢ cwrÈnt marketing efforts and des19ntd a ffive-poirnt pritirity plan
accordingly. The irntention Is 10 Gomplete the website overhaul. incfease online presencè. redesign the currènt
prospectus, embrace social rnedia platf¢rrns. and introduce a loyalty r*wards schemè. The firsi loctss being that ol
Ihe website, ensuring its fijnctionalily lor exis￿"n9 parents. but mosuy. to enhance its position as an informalive,
concise promobonal t(KJl lor forthcoming parents.
The Marketsng Manager has also reviewed the current adverh.sing schedule and is in the process of mowng away
trorn print publications to onh'ne advertisin9 Opportunities. This will he￿bY prowde greater tracking opportunities
and success monrtoring of indivHlual campaigns against twdget spent.
The Gurrenl pr05pe¢tus ha$ been identified as out ol tune with curtent enviTfmmental concèrns both in its physical
form and it$ ¢orntènt doès not reflect the 01he￿i$¢ forwarthlhinking m¢)vemèrbls vlithin the school, such as the
popular, plant-based kitchen.
The school has fully ￿nplemented the GDPR le9islation introduced in May 2018.
B. School C
arism
The Headteachec works very dosely with the Mission Directoi and the Intemational School's Congregational Team
to safeguard and promote the Charism as grfted to us by our Founders, Aphonse and Theodore Ralisbonne and
conlinued through the Sisters ol Our Lady ol Sion. Exchang85 Wlth our family schools have $tsrted lo re-open and
there is now rnuch greater activity online be￿een the family of schools.
The school aims to make places as affordable as possh* and encourages applications for bursaries and
scholarships from larnilies in varying financial circumstances.
We offer subjecl schdarships and ethos scholarships".
Lovise Humann
Ratsibonne
Sapèrn Aude Isixth Fomil
We oller our premises to local groups for a mKiimal fee {or freel. We are proactive in offerin9 supporl to lo¢al
charibes and global charities and local nufsing homes through ¢)Uf cornmunity Outreach progfamme.
Wè allow local groups lo use our latslities free of d)arge Such •$ Wtsrlhing Arts"sts Opert Houses, Guild Carè, etc.
Our Community outreach programme visits local hgmes for the elderly and disabled, performing music. po&try. an(1
readings. They also talk with Ihe rè5ident$. Our sludents havè perforTned al charrty concerts.
Our Junior School hosted inler-generation workshops rLm by our English Department.

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2022
10. Pv
Year
Reception
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Year11
Year 12
Year 13
Year N1
Year N2
Totals
ales
emale$
otal
10
12
14
17
14
10
52
39
19
52
53
10
13
187
76
63
2022
Level
GCSE
• Grade 9-7
ational Avèra è
Grade 94
atlonal Avera
12. A
evèl Stslis
ics 2022
% A Levgl Pass
Rate
100
Grade A"£
PQ% A"
Flnancral r•vi•w
Th¢ Statèmeftt ol Finanual Activibes ISOFAI ¢an be found gn page 15. Thè net movemenl In fvnds for the year to
31 August 2022 is a surplus of £39,682 12021.. £386.887 surplus). Total incoming resources increased by £26D,171
to £4,184.669 and total expendrture increased by t339.839 to £4,036.233. There was a loss on investments of
£108,95412021'. £156.583 9ainl. Depreciatiorn charges lor Ihe year amounted to £139.55012021'. £131.7131, so the
operating profit before depr¢Giats"on was £288,18612021. £360.017 sufplusl.
During the fiscal year. the Sthool experienced steady growth in pupil numbers. The lolal enr￿rnent increased by 50
compared lo Ihe previou5 year. writh a cuffeni student populalion of c380 sludenls. This growth is a positive
indicator of Ihe 5choofs reputation. a¢adeTnic excellence, and anrackn"vene5S to prospective farnilies. The increased
pupil numbers have had a direct impact oft the school's financial hearth by generatlDg additional fee revenue lo
support various operalional and developmèntal initiab"ves. The two scholarships introduced in 2021 continue to
interest new parenls. The Ralisbonne S¢holaI5hip looks to finanually $upport younger pupi15 who show a voracious
appetitè for learning. The Louise Humann 5rhdarship has had a similar impact in the senior school, and look5 10
support children who may have expernenced diffiwbty during the lockdown period, and req¢Jire support reluming to
an e(Jucation environrnent. These scholarships are given in the Sion spirrt ol the school, supporting familie5 who
would benefit from the srnall and pasltsral enwronment the school offers, bul also recogni5es that strong financial
contributions and managernent ensvre the stability and Ion9evity of the provision.

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2022
Cufrènt pupil numbers are 5h¢iwn on page 6. To ensu￿ Ihe sustainability ol tre school's operats'ons and the dèlivery
ol a high-qualty edu¢ation. the School implemenled a modest increase in school fees for the 115cal year. The fee
adju51rnent was carefulty considered to strike a balance be￿eert meebng operaiiDnal costs and maintaining
affgrdabilty for families. The increase in pupil numbers and school lees resultèd in a 6Ph yrowlh in tuition revenue,
contributing to Ihe financial stabt￿ty of the 5chod.
The prevailing economK conditions during the fiscal year presented both challenge5 and opportunities for the
school. Economic fluduations and uncertainties can impact familiÈ5' finanTral capakn"liltèS, Polentially affecting their
ability to afford private education. The school remained vigilant in monitoring school fee collections and
Implefflented a robust finanrial prTr3ram to support families in need while ensuring financial sustain8bility.
The improvements lo the bursary applicabon process provi¢Je a framework that all¢x5 the school to provide fee
romission where rt is nèeded most, whilsl ensuring continuèd growth of the si*ool. Thi5 also Se￿eS to reinforce the
charitable aims ol the school.
The School continuèd lo invest in marketing initiativès to ratse awai•ness and attraci nèw students. The school
irnplemented a cornprehensive marketing strategy thal induded digital advertising carnpaigns targeted to reach
prospective families close to the school. The local rewlation of Ihe school is 51rong and we look tts wèlcome rno
families from within a mile radius of Ihe school and strengthen these comfflurnity links. These efforts have helped
increase the 5chod's Msibility. resulting in a higher number ol enquiries and hopefvlly successful studenl
convèrsions in Ihe coming years. Effeeiive markèting 51rategies have F4ayÈd a vitol rtsle in sustaining and growing
pupil numbers, consequentty bolslering the schod's financial posth'on.
Maintaining and improving the sehoofs infrastruclure and faolities is crucial to providing an optimal learnin9
environment for students. During the f15cal year, the School alL￿ated a signifirant portion of its budgè1 10 Ihè
maintenallce and enhancement of the school site. Thi5 induded repairs. renovations, and upgrades lo classrooms
and other key areas. By investing in the upkeep and modernisation of the school's physical assets. Ihe school
ensures the longevity of ils facitslses, enhances Ihe Student experience. and maintains its placÈ in the educational
market. The school has made Signif￿nt investments in improving 115 facilth'es to enhancè the learning environment.
Recent renovation5 have Ind(￿e￿ the improvemènts 10 the A Bknck cortidor5 and stairwells, decorating ol
dassfoonis, and the inlroduclion of the comrnon loom lor year 11 pupils. These improvements have positively
impacted the overall student experience. attracting prospectyve parents and maintaining th¢ 50b"slaciion of ¢urrenl
familie5.
The Sirategy to retutn to pr0fftab1￿"ty has baen su¢xessful, ailh¢ugh it has requirèd strong finanual man39ernent that
has reouired careful and considered communications 10 slaff. However. there is still work to do to ensure that Ihe
progress seen lo dale continues. The school shares strate9ic plans with staff. increasing their financial literacy and
awareness of their impaci on t)perational Fevenuès and cosis, and movès forwards implemenling difficull decisions
that protect the future of ltre sthool.
The GO¥err￿lS made the decision to slart chaT9in9 for Ihe Sixth Fom7 from Seplernber 2021. The new provision
provides an energi5ing environment for leaming and further education. Whtlst charging l•es iniknally feduced sixth
form pupil retention in 2021122 thefe is a significant improvement in 2022123 registrations. The Governors and
Senior Leadership Team reco9nise that some finanual deasions may not delivèr immediatè results, but remain
commrtt•d lo delivering a long tem plart tt￿1 allows cortb.nued invèstment in the schwl.
The school's investment portfolio reported a value 01 £1.487.160 {2021 t1,S92,0231 al the year-end. The
investment porrfolio is managed by two dtherenl investment managers which minimises the charity's risk in this area
as they have been provided with ¢Yifferent profiles and remits. The investment managers met with Finance &
General Purposè Committee during thè year to discuss the performan¢e and rNsk profile ol each fund. The
investments are held lor Song temi gain and Ihe recent huctualions due io COVID and the Russiat) invasion of the
Ukraine are expected to revef5e over the duration ol the holding_

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES, REPORT IINCLUDING DIRECTORS, REPORTI {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2022
As at 31 Augusl 2022 re5eives lotalled £2,913,279 12021-. £2.873.5971 with £13.685 12021." £13.6231 held as
restricted fund5 and £20.798 12021.. £20.7501 as designated reseThes. This leaves free resèrves of £1,909.201
12021.. £1,816.7911 although £1,487.160 12021.. £1,592.023) is tied up in investmenls at the year end. The
Governors have Set a reserve policy ol ensuring that the School ha$ the equivalenl of six Months expenditure held
in reserves.
The governors are comfortable thal the Charity rèmains a going concern and Iher&fore the *optson of the goin9
concein basis lor prepar￿9 the finarnaal slalements iemains appropriate.
The trustees have a risk management strategy which wrw"se$".
An annual review of risks the charitable company may face.
The establishrnent ol systems and procedures to mitigate those risk$, idenkn"fie(l in the plan.
The ifflplemenlation ol procedure5 designed to minimise any potential impad on the charilable ¢ompany
should those risk5 malenalse.
Particular attention ha5 ¢onts"nued lo focus on noTrfinancial risks arisin9 from the carè of children or other people,
staff or visitors. who may *tènd the School. As well as the laws tsn ¢hikY protection and health and safety issues the
School reviews its serv￿￿$. ffinancI￿ and gtneral exposurÈ to risk on an ongoing basis.
Stru¢ture, govémance and management
Governin
Document
The charitable company is a company limited by guaraniee. govemed by ils Memorandurn and Artides of
Association which w•r• drawn up on 26 January 21x17. The liability of members 15 limiled lo £10. The ¢haritable
company registered with the Chanty Comm1$510n on 29 Oclober 2007 and began its fiist period trading a5 an
independent charity on 1 January 2008 under charity numbèr 1121398.
Ouf Lady of Sion School GoverrKJrs, as the twstees of the cthariiable company, ¥e legally responsible for ihe
overall mana9emeni and control ol bolh the Junior and Senior School. and meet at least three times a year to agree
the strate9ic objectives for the Scho￿.
Our Lady of Sion School Govemors. a5 the trustees of the ¢hantable company. are legally responsible for the
overall managernenl and control OI bolh the Junior and Senior School. and mèet at least three times a yèar lo agree
the Siralegic obje¢tives for the Sthod.
The Board ol Gtsvemor5 shall Consist. when complète. of not less than eight and not more and fourteen competent
pÈrson5. Ai each AGM. a Ihird of all Co-opted Govemors shall retire and as appropriate apply for re-appoinlmenl.
The work of monitoring the implementalion of the finance strategy is caffsed out by the member5 Of the Finance and
General Purposes Commiltee IF&GPI. Other principal ¢ommittee5 are convened when necessary. The day tts day
running of the School Is delegated to the Headièacher supported by Senior Management Teams. togèther with the
Bursar. The Headteacher and the Bursar attend meetings ol the above Commiitees.
The School is subjecl to the inspection regime Set in pla¢e by the government. arKI the resulb"n9 inspeclion reports
are posted on the school websrte_

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2022
The trustees, who also the directtys the purpose of ¢ompany law. and who 5eryed during Ihe year were".
Mr5 G Buque
Or S Coldwell
s L Hammond-llles
Mrs K Henwood
Prof D Read
r A Talati
Mrs R Beattie
r S Callaghan
Mr A Puglia
Mr G Rawlinson
Mr R Sparke5
Ms E Wamett
MrACundy
J Dahill
{Res￿ned 1 S•ptember 20211
(Reswned 23 March 20221
{Appointed 9 September 20211
ruitmen
in
eè
New trustees are inducted into the workings ol the School by way of a thorough briefiTrJ by the Hèadteacher and the
Chair of Governors. followed by a lull tour of thè School. AJI Irustees are alsg encouraged to VTSit the School on a
re9ular basis by arrangement wrth the Headmaster.
Trustees are encouraged lo attend appropriate extem81 Iraining events where these will facilrtate Ihe undertaking of
thèir role. or 85SlSt thèm with spècific areas of responsi￿￿ty.
The Committèes ol which the Iruslèes are Membe￿ afe..
Full Governing 8o¢y Committee
Finan¢e & General Purposes Ccwnmittee. induthng Marketing
Pay Review Comrnittee
Health & Safèty Committèe
Education Committee
Governance Committee
el
ie
The School is dosely associated wilh the Congregation ol Our Lady of Sion. Ilhe Order}. Prior to Independence the
School was owned and Ultimately ¢￿trOlled by Ihe Ordèr. but managed on a day-to-day basis by the Board of
GovernoTS. The Schotsl becarne an independent charity on l January 2008, atthough The Order retains ownership
ofthe school propety. A monthly rental payment is made thrwgh a lease agreement.

OUR LADY OF SION SCHOOL. WORTHING
TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Statement of trustees. responsibilities
The trustees, who are alsg the director5 01 Our Lady of Sion School, Worthing for the purpose ol company law. are
respon51ble lor prepaiing Ihe Trustee5' Report and the financial statements in accordan¢e with applicabk law an($
United Kingdom AcGounling S18ndards (United Kingdom Genefally Accepted AccoLtnling Pra¢ticel.
Company Law requires the Iruslees lo prepare finanaal stslements for each ffinancial yeac whKh give a true and fair
view of the State of affairs ol the charilable company and of Ihe incoming resources and ap￿Ie?￿On of resource5.
induding the incorne and expenditu￿. of the charitable cnmpany for that year.
In preparing these financial slalemenls. the twslees are required to:
Select 5uilable atsgunling wJlirie5 and then apply Ihem consi$lenty.'
. observe the m&lhods and principles in Ihe Chairties SORP.,
- make judgwnents and estimates ihat are reasonable and prvdent..
state whether applicable UK Accounting Standards have been followe(l. subj'ect to any malerial dePartU￿S
disGlosed and explained in thé ffinarrial stalements", and
preparo the finanaal statemtrnts on the going concem basis unless it is inappropriate to presume that the
charitable company wll ￿ntinUe in operation.
The trustees are ￿SPonsible for keeping adequale awunts.ng records thal disdosè wrth rèasonable accuracy at
ny time the financial position of the charitable company and enable them to ensure thal the financial statements
comply the Companies Act 2006. They are also responsible for safeguarding the assets ol the charitable
company and hencè lor taking iea50nablè steps for the prevention and detection of fraud and other irregulafib"es.
Auditor
In accordance with thè cornpany's a￿"des. a fesolution proposing that Auiolts LLP be reappointed as audilDr of the
company will be pui at a Gentrral Meeting.
Dis¢10sure of infomiation to audltor
Each of the trustees has confirmed Ihai there is no information of which Ihey are ￿re vthich is relevanl to the
audit, but of which the auditor is unaware. They have lurther ￿NfIrMed that they have taken appropriale steps to
identify such relevant inlomation and to establish that the audi1Of 15 aware tsf svch infomation.
The trustee5' reporl wa5 appfoved by the Board of Truslees.
Mrs K Henwood
Trustee
Dale".
..3010512023......
10-

OUR LADY OF SION SCHOOL, WORTHING
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF OUR LADY OF SION SCHOOL, WORTHING
Opinion
We have audited the finanoal statements ol Ouf Lady of Sron School, Worthing {the 'charitable company'l for the
year ended 31 August 2022 which comprTse the ststemenl of financial aclivilies, the balance sheet. the statement ol
cash flows and noies lo the finanrial slalemen15. indudin9 5MJnfficant accounling policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Aecounting Standards,
including Financial Reporting Standard 102 Thè Financial Reportity SIAndanY applicable in thè UK and Republic ol
Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion. Ihe financial statÈments".
give a truè and fair view of the state of the charitable company's affairs as at 31 Augusl 2022 and of 115
incornirTg r850urces and application of resources. Ind￿ling jls income and expenditure, for the yèar thèn
èndèd.,
have been properfy preparèd in accordance ￿1h Unrted ￿ngdoM Generally Acrepted A¢counting Praetieé..
an¢J
havè prèpafed in actofdancè with thè rè4uirernethS of Ihe Companiès Act 2006.
8asis for opinlon
We conducted our asjdit in aCc￿danCe with Internalional Standards on Auditing IUKI IISAS IUK}l and applicable
law. Our responsibilities under those standards are further described in Ihe Audifovs TrspOnsi￿1ilItr$ for th8 a(Jdil of
thè financial statements seclK)n ol our report. We are independent ol the chantabte company In accordance with the
ethical requirements that are relevant lo our audit ol the finanoal statements In the UK. including the FRC'S Ethical
Standard. and we have fulfilled our othef ethical responsibilities in accordance wilh these requirements. We believe
that the 3udit ev￿lence we have oblained is sufficienl and appropriale to prowde a basis for our opinion.
Conclusiob7S r•lating to yoing con¢em
In auditing the finanual 5talement5. we havè ¢on¢luded thal Ihe Iruslees, usè ol the going concern basis ol
a¢rounling tn the pieparab.on of Ihe financial statement5 is appropriate.
Based on the work we have performed. we have r￿t identified any malerial uncertainties relating to events or
conditittns that. individually or colleciNèly. may cast Slgnthcant doubt On the charitable company's ability to continue
as a going concèm for a period of at lèast kn¥•lvp months from whèn the financial statements are authorisèd lor
issue.
Ouf responsibilits'es and the responsibilih.es of Ihe trustees wrth respect to going ￿Tr¢em are described in the
relevant sections ol Ihis report.
Other InformatSon
The other infomialion comprises Ihe ￿fOrMat￿}n induded in the annual report other than the financial statements
and ¢)ur auditof s report thereon. The Iruslees are responsible for the olher information conlained wilhin the annual
report. Our opinion on the financial statements does not covèr ihe infom)ation and. except lo the èxtent
otherwise expliutly slated in our ￿pOrt, we do not express any fom of assurance conclusion Ihereon. Our
responsibility is to read the other infomalion and. rn doing so. consider whether the other information is materially
inconsislent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears
lo be materially misstated. If we identify such rnalei>al inconsi51encies OT apparent material mi55tatements. we are
required lo deterrnine whèther this give5 nse to a material mt55tatement in the finanryal siatements themselves. If.
based on the work we hav• performed, we condud• that Ihere Is a material misstatemènt ol this other information,
we are required to report that fact.
We have nothing to report in this regard.

OUR LADY OF SION SCHOOL, WORTHING
INDEPENDENT AUDrroR'S REPORT (CONTINUED)
TO THE MEMBERS OF OUR LADY OF SION SCHOOL, WORTHING
Opinions on other mattern prescribed by th• Companies A¢1 2006
In our opinitsn. based on thè work Undertaken in the course of our audil..
the information given in Ihe Irvstees. report for the finan¢ial year lor whith the financial siatement5 are
prepared, which includes the dicectors. rtrptsrt prepared for the purposes ¢1 company law. is cons151ent with the
financial statements.. and
the directors, report induded within Ihe trustees. report has been prepared in accordance with applicab￿ I￿al
requirernents.
Matters on whlch wo ar• requir•d to report by exception
In the light of Ihe knowledge and underslanding ol the charilable company and its environment obtained in the
course ol the audit, we have not identified malerial misstalemenls in the directors. report included within the
trustees, reporl.
We have nolhing lo report in respect of the fo11th￿n9 matters in relabm to whi¢h the Companie5 Ad 2Cth requife$
us lo report lo you if. in our opinion..
adeqv*e a¢countlng records have not been kept. or retums adequate for our au¢Jrt have not been r￿1ved
Irom branches not visited by us". or
Ihe financial 5taternent5 are not in agreernenl with the a¢counting ￿CordS and relums., or
cèrtain disclosure5 Qf trustee5' rèmuneration specified by law are not made", or
we have not received all the informalion and explanations we require for our al￿11,. or
the trustees were not entitled to prepare thè financial statèments in accordance wilh the small companies
regirne and take advantage of the srnall companies. exemptions in preparing Ihe trustees. report and from the
re9uirernenl lo prepare a Strategic report.
Re$pon$ibilitie$ of trust••s
As explained more fully in the statement of trustees. respon5ibilitie5. thè trusteès, who a￿ also thè directors ol the
charitable company for the purpose of company law. are re5pon5ible lor Ihe preparation of the ffinancial statements
and for bein9 satisfied that they give a true and farr vrew. and for Such intemal ¢¢mtrol a5 the iruslees determine is
necessary lo enable the preparation of finanaal 51alement5 that are free from material misstatement, whether due
to fraud or error.
In preparing the financial statements. the InJst&es are responsibjo for assessing the charitable company's ability to
continue as a going eoncern. disclosin9. as applicable, matters relaled to going concern and usin9 the 9ging
concern basis of accouriling unless the trustees either intend to liquidate the chariiable company or to ¢ea$e
operation5. or have no realisti¢ allemati￿ bul to do $0.
12

OUR LADY OF SION SCHOOL, WORTHING
INDEPENDENT AUDITOR'S REPORT ICONTINUED)
TO THE MEMBERS OF OUR LADY OF SION SCHOOL, WORTHING
Atsdltorfs responsibilities lorthe audit of the financial statements
Our ot*jectives are to obtain reasonable assufance about whether the financial siatements as a whole a￿ Iree from
material misstaternent, Wheth￿ due to fraud or erior. 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 accordanc
wilh ISAS IUKI will always delecl a rnalenal misslalement when it exists. Miss¢alements can 3ri5e from Iraud or
error and arè ¢onsidered rnaterial If. indiwdually or in the a99regate. they could reasonably be expeded to influence
the econolnic deci&on5 01 users taken on the basi5 of these financial statemenls.
Irtegularities, including traud, are inslances ol Don-c￿[dian￿ with laws and regulat#)ns. We design procedures in
line with our rÈsponsilJ'lities. outlined above. lo delect matenal rni5Statements in respect of irregularities, including
fFaud. The èxtènt lo which Ouf pro¢èdures are capable of deiedin9 irre9ularitiès, induding fraud. 15 dèi2iled below.
the engagement partnei ensured thal Ihe engagement team collectively had Ihe appropriate competence.
capabilities and skills to idenbfy or recogn¢se non-¢ompliance with applic8ble law5 and regulations.,
we identtfied the laws and wulatttsns applicable to the eompany through discussion5 wilh Ifustees and
other management. and from our commercial knowled9e and expÈrienee ofthe education sector.,
we focused on specific laws and regulations which wa cons1L1e￿d may have a direct rnaterial effect on the
rinancial slalemenls or Ihe operations of the charrtable company, induding Ihe Companies Act 2006,
taxation Jegislation and data protection. anti-bribery. employn7enl. health and safety legislation.,
we assessed the exlenl of compliance with Ihe laws and regulations identified above Ihrovgh making
ènquiries of management #nd inspecting legal ¢x)rre5pondenGe. and
• identified laws and regulation5 were communicated within the audrt team ce9ularfy and the team remained
alert lo instances ol non-compliance throughout the audit.
We asse$5ed the susceptibility of the tharilable companY$ financial Statements tts material misstatement, including
obtaining an understanding of how fraud might OCCLtr, by"
making ènquifies ol management as lo where they considerèd there was susceptibility to fraud, their
knowledge of actual, suspecled and alleged fraud",
considenng the Intern￿ controls in place lo mrtigate risks of fraud and non-compliance with laws and
regulations., and
• understanding the design ol the tharitable company s remuner*"on policiès.
To address the risk of fraud through man39emenl knas and override of conlrols, we..
pertormed analytiral procedure5 10 identify any unusual or unexpected relationship5.'
t&sted journal entries to identify unusual transactions.
assessed whether ju¢Jgements and assumptions made in deterniining the accountsng estimates wè
indicative of potential bias.. and
inve5tlgated the ralsonale bethnd Signif￿an1 or unusual transactions.
In response to the risk ol ifregulanbes and non-¢omplian¢e with laws and regulations. we designed procedures
which induded, bJl w8re not limited to".
agreeing financial slaternenl disdosures lo undertying sJJpporting docvrnentation.,
reading the minute5 of rneetings of the Board of Governors-
enqusrin9 of mana9ement as io actual and potential brt)"gation and elaim5.' and
reviewing correspondence wth HMRC, relèvant iegulators and the company's legal advisors.
Thère are trnhefenl limitations in our audit procedures deS{￿be￿ above. The more removed Iha¢ laws and
regulations are from finan￿1 transactions. the less likdy it is thal we would become aware ol non-cornpliance.
Auditing standards also limrt the audit procedurès required to identity non-compliance with laws and regulations to
enquiry of the directors and other management and the inspection of regulatory and ￿gaI correspondence, if any.
MateAal misstatemènt5 thai arise due to fraud Can be harder lo detect than those that arise from error as they may
involve dÈlibÈrale concealment OT c41Iu5i￿.
A furlher (Jescfiplion of our responsibililies is ava￿able on Ihe Financial Reporting Council's website al.. https.'Il
www.frc.OT9.uklauditorsresponsibilities. This description fomis pan of our audrtorfs fèpo
13-

OUR LADY OF SION SCHOOL, WORTHING
INDEPENDENT AUDITOR'S REPORT (CONTINUEDI
TO THE MEMBERS OF OUR LADY OF SION SCHOOL, WORTHING
Us• of our r•port
This report Is made solety to the charitable company's mernbers, as a body. in accordance with Chapter 3 tsf Part 16
of the Companies Act 2006. Our audit work has beèn undertakèn so that we might slate to the charilable Company's
members those matters we are required lo state lo them in an audito¢s report and for no other purpose. To the
rullest extent peimitted by law. we do not accepi or a$5Lrm8 resptsnsib￿ty lo anyone other than the charitable
company and the charitsble company's members a$ a body. fof otjr audii work. for Ihis repori. or for the opinions we
have lormed.
Stephen Meredith BA FCA DChA IS•nior Statutory Auditor)
for and on behalf ofAlliotts LLP
31 May 2023
Chartertd Aecountsnts
Statutory Al￿{tor
Friary Court
1&21 High Street
Guildlord
Suffey
GU1 30L
14-

OUR LADY OF SION SCHOOL, WORTHING
STATEMENT OF FINANCIAL ACTIVITIES
INCLUOING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2022
Current financial yèar
Unrestricted Unrestrlcted Restrieted
lunds
funds
funds
genernl designated
2022
2022
Total
Total
2022
2022
2021
Notes
Incom• and •ndowm•nts from-
Donations and legacies
Incoming resources Irom ¢hantable
activities
Investments
Olhef income
2.158
2,158
8.577
4,1S5.641
17.638
9,326
4.155.641
17.744
9.326
3.889.234
15,639
11,248
46
62
Total Income
4,184,761
62
4,184.869
3.924,698
enditur
Raisin
fund
Advertising and publicity
Investment maryagement
on=
32.879
15.937
32,879
15,937
23,277
6.552
48,816
48.816
29,829
harita
Teaching
Wettare
Prernises
Support
2.375.865
36.703
734.922
839.927
2,375,865
36.703
734,922
839,927
2.356,876
27.414
S79.518
702,7S7
Total charitable expenditur•
3.987.417
3.987.417
3.666.565
Total resouree$ expended
4.036.233
4.036.233
3.696.394
Nel incomellexpendilurel before investrnenl
98inslllosse5}
148.528
62
148,636
228,304
Nel gainslllossesl on investments
12
(108.9541
{108,9541
158,583
N•t mov•m•nt in ft4nds
39.574
62
39,682
386,887
Fund balances at 1 September 2021
2,839,222
20,752
13.623
2,873,597
2.488,710
Fund balanees at 31 August 2022
2,878,796
20.798
13,685 2.913,279
2,873.597
The ststernent of financial activbtyes i￿lUdeS all gains and10$5es recognised in the ye¥r.
Al income and expenditure derive from ¢onlinuing acb"¥ib'ss_
The statement of financial actI￿tieS also complies wth the requirements fw an income and expenditure a¢¢ount
under thg Companies Acl 2006.
15-

OUR LADY OF SION SCHOOL, WORTHING
STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2022
Prior financial year
Unrestricted Unrestricted Restricted
fund5
funds
funds
9èritral desognated
2021
2021
Totsl
2021
2021
Not•s
Income and endowments Irom:
Donations and legacies
Incoming resources from char[ta￿e actmties
Investments
Other income
6.577
3.889.234
15.635
11.248
8,577
3,889,234
15,639
11,248
Total Income
3.924,694
3,924,698
Ex
enditur• on:
Raisin
funds
Advertlsing and publtcity
Investmenl management
23,277
6.552
23,277
6,552
29.829
29,829
Charitab
Teathing
Welfare
Prgmises
Support
ac
2.356.876
27,414
579,518
702.757
2,356.876
27.414
579,518
702.757
Total charitable •xpenditsr•
3,666.565
3.666,565
Total resources expended
3.6%.394
3.696,394
Net gainsll1055es) on investmen15
12
158.583
158,583
Net moV•n￿￿t in funds
386.883
386,887
Fund balance5 at 1 Sewembei 2020
2.452.339
20,750
13.621
2,486,710
Fund balan¢es at 31 Augllst 2021
2,839,222
20.752
13.623 2.873,597
The staternenl of financial athibes mdudes all gains and kjsses rec¢gnised in the year.
All income and expenditure dèrivè from c(Jntinuin9 acliwlies.
The slatemenl of fin•naal actiiAties also comFlies wilh the requirements for an incorne and expendilure accwnl
under the Companies Act 2CK)6.
16-

OUR LADY OF SION SCHOOL, WORTHING
BALANCE SHEET
AS AT 31 AUGUST2022
2022
2021
Fixèd 4s$èts
Tangible a53ets
Inveslments
14
f S
9.595
1.487.160
1,022,431
1,592.023
2,456.755
2,614,454
CUr￿￿t assets
Debtors
Cash at bank and in hand
17
241,448
1.016,433
217.557
777.849
1,257.881
995,406
Creditors: amounts lalling dye wSthin
one year
18
1724.407)
{639,3151
Nel current assets
533,474
356.091
Total assèts l•s$ current liabiliti•#
2.990,229
2,970,545
Cr*ditors: arnounts falling due after
mor• than onè y•ar
19
176.950
196,9481
Net assèts
2.913.279
2,873.597
Income funds
Restricted lunds
Uniesliicte(J funds- designated
Unrestricted furtds- general
22
23
13,685
20,798
2.878.796
13.623
20,7S2
2,839,222
2.913.279
2.873,597
Th8 financial stalemenls We￿ appro¥ed by the Trustees on ..3010512023...
Mrs K Henwood
Trust•e
Company registration number 06084975
17

OUR LADY OF SION SCHOOL, WORTHING
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2022
2022
2021
Notes
Cjsh flows from opefating activities
Cash generated from operations
27
311.585
624,033
Invèsting activities
Purchase of tangible fixed asse15
Proceeds frorn disposal of tan9ible fixed
assets
Purchase of inveslrnenls
Proceeds from disposal of investments
Investmenl income received
{92.8541
197,4201
6.200
{1.063.3641
1,059,273
17.744
1638.5491
725,792
15.639
Net cash (used inllgenerated from
Inv•stlng aetivSties
173.0011
5.462
Net cash used in finan¢ing activities
Net increase In ¢aBh and e•$h equivalents
238,584
629.495
Cash and cash equivalents al beginning of year
777,849
148,354
Cash and rash •quivalents at end of year
1.016,433
777.849
18-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 AUGUST 2022
Accounting polici•$
Charity infomiation
Our Lady of Sion School, Worthin9 is a chawitable company limited by 9uaranlee Tncofporated in England and
Wales. The registered office is Gratwickè Road, Worthing. West Sussex, BN114BL.
1.1 Accounting con¥èntlon
The financial Stslernenis have been prepare(l in a¢cordan¢e wilh the charital￿e company s Memorandum arKL
Artides ol Assoeiatson, thè Cornpanies Act 2006, FRS 102 The Finanaal Reporting Standard applicablè in
the UK and Republic of Ireland. fFRS 102.1 and Ihe Charities SORP"Accounting and Reporting by Charities..
Statement ol Recommended Praclice ap￿1¢able to charibes preparing their accounts in accordance with the
Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffecth've 1 January
20191. The chartiabie company is a Publi Benefit Entsty as deffined by FRS 102.
The financial statements are prepared in sterfing. which is the functional currency of Ihe d)aritable company.
Monetary amounts in Ihese finanual statèments are founded to the n•arest £.
The financial statement5 have been prepared urbder Ihe historical cost cry)venlion. The prineipal aecountirrfJ
polioes adopted are sel out below.
1.2 Going concern
Al the lirne of approving the financial slalements. Ihe Iruslees have a reasonable expectation that the
¢haritable Company ha5 adequale resources lo caniinue irt operational existence lor the foresÈe?ble futtjrè.
Thus thè trustees ¢onlinue to adopt the g￿n9 cgncem basis of accounting in preparing the financial
staternent5.
1.3 Charitsble funds
Unrestricted lunds are availaNe lor use at the discretron of the trustees in lurtherance of their charitable
objectsves.
Restricted funds are subject to reslncti￿S ￿ their exp&nditwe imposed by Ihe donor or through the tpmis of
an appeal.
General furTrd5 are unrestricted lunds which arg available for use at the discretion of the tru5te&s in fvrth¢rancè
of the general objectives of Ihe chanty and vthich havè not been designated lor other Purposes.
1.4 Income
Income from operating activilies In furtherance ol the charitable company's objectives is accounted lor on an
accruals basis. Fees feceivablè and thargès for Se￿iCe5 and use of premises afe accounted foi in the period
in which the service is provided. Fèes rèceivable are stated after deducting allowances, scholarships and
other Temission5 granted by Ihe school. Fees received in advance of education lo be provided in future years
under an Advance Fea Payménls Scheme contract are hekl x5 liabilities until either taken to income In Ihe
term when used or else refunded.
Donations receivable for the general purposes of the charitable company a￿ crediled to unrestricted fvjnds.
Donathons for purposes restricteLJ by the wishes of the donoi ale taken lo restricted fvnds.
Legacies are recognised on r￿elpl or otherwise if the charitable company has been notsfied ol an impending
dislnbutitsn, the amount is known. and receipt is expectèd. If thè amounl is not known. the legacy is treated as
a contingenl asset.
19-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2022
Accounting policies
IContinu¥dl
Income from government grants is re¢ogni5ed at the fair value ol the asset received or rÈceivable when there
is ￿aSOnable assurance that the grant condilions will bè met and the yrants will be feceived. A grant Ihal
specifies performance condth.ons Is recognised in inccxme when the perfomance condition5 are mel. Where a
9ranl does not specify perftsmiancè condikn.ons it is recognised in income when the proceeds are received r)r
receivable. A gianl receNed befoiÈ the re¢o9nition urteria are 5alisfied is recognised as a h'ability.
Other operating income is accounted for on an accruals basis.
1.$ Expendlture
Expenditure 15 recogni5￿ ￿ce there 15 a legal or constructive obligation lo transler economic benefrt to a
third party. Il is wobable that a tran51er ol econom￿ benefits be required in seltlement, and the amounl ol
Ihe obligation can be measured reliabty.
Expenditure is dassffje(J by actiwity. The costs ol each a¢tiwty are made up of Ihe total of direct ¢o$ts and
shared costs. including support costs involved in undertaking each activity. Direct costs attributable to a single
aclivity are allocated direcly to thal activty. Sha￿d costs which contribute to more Ihan one activity and
support costs which are not attributable to a single activity are apportioned tse￿een those ac¢(vities on a basis
consi5tenl with the use ol resources. Central staff cost5 are alloca￿d on the basis of tirne spènt, and
deprecialion charges are allocated on the portion of the a55èt's use.
Expenditure is accounled for on an acGruals basis. Overhèad ond other ¢osls not directty attributable lo
particular fvnclional actiwty catego¥ies a¥e apportioned over the relevant catègoriès on the basis of
management eslirnales of Ihe amount attributable to that activity in Ihe year. either by reference lo staff tiffle
or Space o¢¢vpièd, as appropfiate_ The irrecoverable element of VAT is included wilh the item of expense lo
which it relaies.
Govemance costs comprise the oist5 of running the charilable company, irndudin9 Strategic Flanning for ils
luture development. a150 external audit. any legal adV￿e for Ihe scho(Il, and all the costs of Com￿Y1ng wilh
constitutional and statutory requirements. such as the costs of Boaid and Commillee rneetings and of
preparing statutory accounts and satssfying public a(￿Untability.
1.6 Tangible fixed as$ets
Tangible fixe(l assets are initi￿ty measured at cost 5ubsequentty measured at cost or valuation. nel ol
deprecialion and any impairmenl losses.
Depreciation 15 re¢ognistd $0 as to wriie off thè cosi or valuation of assels less their residual values over their
uselul lives on the foY¢)wing base5'.
Leasehold improvements
P13nl and eqvipmenl
Ctsmputer equipment
Motor vehi¢le5
5% per annum straighl-Iin¢
25gA per annum slraighl4ine
33.33VA per annum straight-line
25% per annurn ￿ducIng balance
The gain or loss arising on the ¢JisF05al of an asset Is detemfftd as thè difference be￿eefi the sale proceeds
nd the carrying value of the asset, and is recisnised in the slatemenl ol fmiancial acbwlies.
1.7 Fixed asset inv•strnents
Fixed asset inveslments are initially rneasured * transaction price excluding transaction cosls. and are
subsequenuy measured at fair value at each reporting date. Changes fair value are re¢ognised in net
in¢omellexpenditure} Iof Ihe year. Tran5ath"on costs arè expensed as incurred.
-20-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Accountlng poIi¢iès
(Continuedl
1.8 Impaimlent oi fixed assets
At each reporling end date, tre charitable company reviews the carying amounls of its tangible assels to
detemine whether there is any indicabon that those as5et5 have suffered an impabm)enl 1055. If any such
indication exists, the recoverablè amount ol the assei ts eStiMa￿d m ordèr to dètèminè thg exlenl of the
impairment loss lif any}.
1.9 Cash and cash equivalènts
Cash and cash equivalent5 iMJude cash in harml. deposits held at ¢aU with bank5, Other short-lem liquid
investments wlh original maturilies of Ihree months or less, and bank oveidrafts. Bank overdrafts are shown
within bofrowin9s in CUTrert Iiabilibes.
1.10 Flnanclal instruments
The charitaNè company has elèctÈd to apply th• prowsions of Seclion 11 'Basic Finanaal Instruments, and
Seclion 12 '01her Financial Inslrumfrnts Issues. of FRS 102 lo ￿7 ol its finanoal instruments.
Financial Inslmments are recognised in the ehantable companys balance sheet when the charitable company
becomes party to the conyadual provisions of the instrument.
Financial assets and liabdities are offset. wrth the net amovnts presented in the financial slalemen15. when
there is a legally enforGeable nghl to set off the recognised amounts and there is an intention to settle on a net
basis or to realise itte assel and 5etUe thg liab￿lty siM￿lanÈOusIy.
Bas1¢ financial ass•ts
Basie financial assets. which indudt debtors and cash and bank balances. are initialty measured at
transadion pri¢e incluthng transactbon costs and are subsequently camed at amort15ed cost using the effeclive
interest method unless the arrangement conslitules a financing Iransaclion. where Ihe transaction is
measured al the presenl value ol the fulure receipls discounled at a market rate of interest. Finaneial assets
¢lassifie(l as receivable ￿tkn.n one year are ntsi affl0￿$ed.
8asi¢ financial liabilities
Basic financial liat)ilith'ès, iftduding c￿lIOTS and bank loans are inilialty recogni5ed at tr8n53ction pricè unlèss
the arrangemenl conslilules a finanang transaction. where the debt inslrurnenl is measured at the presènt
value of the fulurè payments discountetl at a mathet rate of inte￿51. FinancAal liabdits.es dassified as payable
wilhin one year are not amortised.
Debt instruments are subsequenly carr￿1 at amortised eosl. using the effectivè intèrest ratè m•lhod.
Trade creditors are obliga*'ons to pay for 9oods or services Ihal have been acquired in the ordinary course of
opèrats.ons frtsm suppliers. Amounts payable arè classifiad as cuffent liabilitses il payment Is due within one
year or less. 11 nol. they are presenled as noTrcurreni liabilibes. Trade ueditors are recognised inibally at
transaction price and 5ubsequenlty measured at amortised cost using Ihe effecli¥e interest method.
O•recognltioft of Ilnanelal Ilablllties
Financial liabilities are derecognised when thè charitabjè companys contfactual obligations èxpire or are
discharged or eancelled.
1.11 Employeo benefits
The cost of any vnused holKlay enirtlèment is recognised in the perbod in which thè employee's services are
received.
Temination benefits are reco9nised imrnediately as an expens8 when the charitable company is
demonstra￿Y committed to temiinate Ihe empkjyment ol an empknee or to provide temiinaibon benefits.
21

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2022
Accounting pollcie$
Icentinuedl
1.12 Retiremènt beneflts
The school participates in h¥0 rnuJb".emloyer pension schernes. The Aviva IAPTISI Defined Benefits Scheme
1$ used for Ils teaching staff and the Pensions Trust Defined 8eneffit scheme for supporl slaff, after leaving tha
Teachers Pension Scherne in September 2020. The contributions by ihe school are determined by the
Scheme Acluary and advised lo the school by the Scheme Administrators. As the schemes are murti-ernployer
schemes and Ihe school cannol Idenlfy its share of the assets and Iiabth'ties. in accordanc& with FRS 102. the
schemes a￿ accovnted for as defined contribvtion scheme5.
ritreal accounting e¥timate¥ •nd judgements
In ihè appli¢ation of thè charrtable company's accounting policies. the trustees are required to make
judgèments. estimates and assumptions about the carying amount of assets aTrrl Iiabililies that are not readily
appafent from other sources. The estimates and associated assumptions are based on historical experience
and other laetors that are considered to be relevant. Actual results may drffer from these estimates.
The èstim8lès aThJ Under￿'n9 assumpb.ons are rethewed on an on90ing basis. Revisions lo accounting
eslimjles ale recognised in the period in which the eslimaie is rewsed where the revision affects only Ihal
period, or in the period of the revision and fvtur¢ periods where the iew510n aff￿ts both Current and ILSture
periods.
Donations and le9•cies
Unve$tricted Unre5trided
funds
fund5
genèral
general
2022
2021
Donations and grts
Coronavirus Job Retention Scheme
2.158
2.171
6,406
2.158
8,577
22-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 AUGusf 2022
Incoming resources Irom
haritsble activtties
Sehool l••$ R•glstAtion Addititsr
edut•tior
¢harges
2022
Tt4tal
2422
2022
2022
2021
Incoming rèsources from ehariiablè
actithties
4,089,685
62,576 4.155,641
3.889,234
For the year ended 31 August 2021
3.843.012
41.172
3.889.234
2022
2021
The schod fees income C￿pn$eS'.
Gross schod fees
Lèss.. bursaries
Less.. Srxth Form fee ￿￿Ission
Less." prompt paymenl
4,769,857
1526,932}
1153.2401
4,755.442
1450.079
(461.6961
16551
4.089.685
3,843,012
In¥￿tments
Unfestricted Unrestricted Restricted
lunds
funds
t￿Thd$
genèral dèsignated
2022
2022
Total
2022
2021
Income from listed investments
Interest ￿ceivable
17.528
15.564
75
46
17.636
46
62
15,639
For the yèar •nd¢d 31 August 2021
15,635
15,639
-23-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2022
Other income
Unrestrlcted Unrestricted
fvnds
funds
g•neral
gen¢ral
Z022
2021
Nel gain on disposal of langible fixed a$5ets
Other income
9.266
11.248
9,326
11,248
Rai$sng funds
Unrestriettd Unrestricted
funds
fund5
general
general
2022
2021
Advertising and put4iuty
Advwlising and Publicily
32.879
23.277
Investment mana
em
nt
15,937
6,552
48.816
29.829
Charitable activitle
T•a¢hing
Wellave Premise5
Support
Totsl
2022
Total
2021
2022
2022
2022
2022
Staff costs
Deprèciation and
impaimient
Other costs
1.980.634
57.804
621.792 2.660,230 2,708,807
17,117
378,114
122.433
554.685
139,550
1,166.018
131,713
807,855
36,703
196.516
2,375,865
36,703
734.922
818.308 3,965.798 3,648,375
Share o19o¥eman¢e costs
{see noie 9}
21.619
21,619
18,190
2,375,865
36,703
734.922
839.927 3.987,417 3.666,565
24-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Charitable actl¥iti•s
Icontinuedl
For the year endèd 31 August 2021
Te4chin9
Welfare Prnmises
Support
Total
2021
Staff cost5
D*preciaiion and impairmenl
other ¢ost5
2.093.805
20.912
242,159
56.492
110.801
412,225
558.510 2.708.807
131.713
807,855
27,414
126,057
2.356.676
27.414
579.518
684.567
3,646.375
Share of governance costs Isee note 9)
18.190
18,1
2.356.876
27.414
579.518
702,757 3.666,58S
Analy$rs by lund
Unfe5tri¢ted lunds - general
2,356.876
27.414
579.518
702.757 3,666,565
Support costs
Support Govemance
¢osts
2022
2021
Staff costs
6,212
6.212
5,J49
Audit lees
Sundry
14.490
917
14.490
917
12.720
121
21.619
21.619
18,190
Analysed befv4een
Chariiable ac11￿(10S
21.619
21.819
1e,190
10 Trusts•s
Two governors re￿$￿ed reimtiursed training and travel èxpènsès of £330 in Ihè year (2021." four govèmors
received r•mbursèd training and travel expenses of £1301.
25-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 AUGUST 2022
11 Employees
The av¢rage monthly nurnber of employees durin9 the yèar was.
2022
Ilumber
2021
Number
Teaching.
Support
46
47
34
Total
80
81
Employment costs
2022
2021
Wage5 and salaries
Social security ¢05t5
Other pension cos13
2.165.302
202,153
298,987
2.201,035
198,942
314.179
2,666.442
2,714,156
Includ￿ in the above are twmination payments which were m* durTrng Ihe year to two fonner einployees of
£50.82212021. £23.597).
The number ol employees whose annual remuneraiion wa5 morè than £60,L
is as follow5".
2022
Number
2021
NuM￿r
£60.000- £69.999
£70.000- £79,999
£80,000- £89,999
In conneclion wilh Ihe hi9her pasd ernployees. retirerTTent benefils are accruing under a mulli-ernployor delined
benefit scherne for the 3 employees 12021.. 3). The total employer conlnbutior15 ITI the year to the scherne
were £37,09212021". £35.02n.

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED
FOR THE YEAR ENDED 31 AUGusf 2022
12 Nel gainslllossv41 on inv•slm•nts
Unrestricted Unrestricted
fvnds
lund5
general
general
2022
2021
Revaluation of investrnenls
Gal￿<10$5) on Sa￿ ol investments
{102.2661
16.6681
138,220
20,363
(108,9541
158.583
13 Taxatio
The company is a regisiered charrty and Iherefore no liabibty to taxatiw arises on Ils charitable acbvities.
14 Tangible frxeil assets
Leas4bokl
Plani ar
•qUiKffie
ornpuWtMoioT ￿h1¢
•q¥lpm•
Tot•1
Cost
At 1 Sèptember 2021
Ad¢itions
Disposals
1.529.044
11.926
415.383
53.933
355.685
26.998
106,986
2,407,098
92,8S5
148,3001
(48.3001
A131 August 2022
1.540.970
469.316
382.687
58.686
2,451.653
Depreciation and Impaimwnt
Al 1 September 2021
Oepreciats'on charged in the year
Eliminated in respect of db3P05als
624.716
76.043
329.086
43.047
337.251
17.117
93.615
3.343
{42.1601
1,384,668
139.550
142.1601
Al 31 Augilst 2022
700.759
372.133
354.368
54.798
1.482.058
Carying amount
Al 31 August 2022
840.211
97.183
28.313
3.888
969.59S
Al 31 August 2021
.328
86.298
18,434
13.371
1.022,431
-27-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGusf 2022
15 Fixed ass•t inv•stments
Listèd
investrnents
Cash I
portfollo
Total
Cost or valuation
Al 1 September 2021
Addib"ons
Valuation changes
Disposals
1,551.191
1,IE3,364
1112.0021
{1,065,9611
40,832
1.592,023
1,063,3fj4
1102.266)
11,065.9611
9.736
At 31 August 2022
1,436,592
1,487,160
Carrylng amount
At 31 Augu512022
1,436,592
1.487,160
At 31 August 2021
1.551.191
40.832
1.592.023
16 Flnan¢lal instruments
2022
2021
Carrylng amount of financial assets
Instruments measured al lair value IhroLf9h profil or loss
1,436.592
1.551,191
17 Debtors
2fj22
2021
Amounts falling due within one year.
Tradè debtors
Other debtors
Prepayments and accnjed income
178.404
11,254
51.790
166.132
5.045
46,380
241.448
217.557
18 Creditorn.. amounts tslling due withln one year
2022
2021
Note5
Other taxation and social $8curity
Deferred in¢ome
Payments received on accounl
Trade crediliKS
Other creditors
Acuuals and deferred income
47,373
507,367
250
46.192
5S,911
67.314
51,300
409.934
3,500
65,743
62,253
46,585
20
724,407
639,315
-28-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2022
19 Cr•ditors: amounts faning due after more than one year
2022
2021
Payments rtcèived on ¥CeOUAI
76.
96.948
20 Def•rr•d income
2022
2021
Arisin9 from lees rec*ved in advance
507,367
409,934
Oeferred inwne at 1 September 2021
Rele4sed from previous years
Resources deferred in the yeaf
4Q9.934
402,265
1409.934} 1402,2651
507,367
409,934
Deferred income at 31 August 2022
507.367
409.934
21 Retirement b•nefit seh•mes
Deftn•d eontribution s¢hern
The tharitable company operates a defined conlributbon pension Scheme fw all qualifyin9 ernployee5. Thè
assets ol the scheme a￿ held sèparately from ihose ol the charitable company in an Indepen(Jently
adrnirnstered lund.
The ¢harge lo the SOFA in respe¢t ol pÈnsion5 schemès twted as defineil contribution schemes was
£298,987 P021- £314,179}.
The arnount 0￿$tanding al the yèaw ènd and induded ￿1￿ crethtors is £33.52612021." £35,115)
-29-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
22 R•strict•d funds
The incorne funds of the charrty indude re5tricied fund5 comprising the folowing unexpended balatKes ol
donaiions and 9rants hel¢J on trust for specific purposes..
Movèment
in funds
Ineomlmg
QUVU5 1 September
2021
Movèment
in fvnds
I￿ornIng
resovrcos
Balancè at
I September
2020
8alancg at
31 AugLlSt
2022
Sister Maura appeal fund
Mr R Hale
4,412
9.209
4.413
9.210
20
42
4,433
9,252
13.621
13,623
62
13,685
The Sister Maura appeal fund was sel up io Pfovide grants lor spècific pupil xtimties,. for eXarn￿e. during
2008 a pupil was lunded when they ¥isiied and helpet1 within an orphanage in Cambodia.
The Mr R Hale fund wll be used lor a similar purpose as the original funds were lo be as an addilitsnal
source of income lor 9rants to assist pupiLs.
23 Unrestrl¢ted funds- designated
The income funds of the charity indudÈ following desig)ated funds whith have been sel astde out ol
unrestricled funds by the trustees for pu￿0$￿S..
Movernent
in fund¥
Movèmènt
in funds
Incomlng
Balan¢9 at
1 Sept•mber r•Joiirte$ 1 S•￿*Mb•r
2020
2021
Balancg al
JI AugUSt
2022
Governors. ftjnd
Mainteftance lund
200
20,550
21XI
20.552
200
20,598
46
20.750
20.752
46
20,798

OUR LADY OF SION SCHOOL. WORTHING
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
24 Analysis of n•t assels tsets¥•￿ funds
Gènernl Dèsignatèd R*8trieted
unr•stricted
2022
Total
2022
2022
2022
Fund balances at 31 August 2022 are
presentèd by..
Tangible asse15
Investments
Current aS5è1sllliabilitses)
Long tem lialm'lilies
969.595
1.487.160
498.991
176.950}
969.595
1,487.160
533,474
176,9501
20.798
13.685
2,878.796
20.798
13.685
2.913.279
Genernl Designated R•stri¢trd
nrestricted
2021
Total
2021
2021
2021
Fund balances •t 31 August 2020 are
rèpr襕ntsd by:
Tangible assels
Investments
Current a55eisluiabilitiesl
Long term Ila￿.111$eS
1,022.431
1.592.023
321,716
196.948)
1,022,431
1,592,023
356.091
196,9481
20.752
13.623
2.839.222
20.752
13.623
2.873.597
31

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
25 Op•ratlng lease ¢ommitmBnts
At the reporting end date the ¢haritable company had outstanding commitment5 for future minrfnum lease
payments under nOn￿nce￿able operaling leases, which lall due as lolltr*$."
2022
2021
Wthin one year
8etween h¥0 and five year5
80,034
15,926
155,611
56,352
95,960
211,963
The School kases its propety from The cong￿gatIon of Sisters of Our Lady of Sion, "The Orderf.. on a long
tefm lease. A rent review is undertaken every 5 years with the most recent one in 2018. The lease
commitment above represents the lotsl payments due to The Order until the next rent revièw.
Arnounts r￿OgnIsed in SOFA as an expense during the period in ￿SPect of operats'ng lease arrangemenis are
£112,80312021: £65.3071.
26 Related party transactions
Remuneration of key managemènt peysonnel
The remuneration of key rnanagement personnel. who are tkfined as key membeTS of the senior leadership
team with significant influence. is a5 fdl¢>ws.
2022
2021
Aggregate compensatron
346,571
338,168
27 Cash generaled from 0￿ra110Th
2022
2021
Surplus for the year
39,682
386,887
Adjustments for".
Investment income recognised in statement of financial ath.whes
Gain on disposal of tangible fixed asset5
Lossllgainl on dispos4 of investmenls
Fair value gains and losses on investments
Deprecialion and impairmenl of iangible fixed assets
(17,7441
1601
6,688
102,266
139,550
115,639}
120,3631
{138,2201
131.713
Movements in working capilal..
Ilncrease)/decrea$e in debtofs
IDecreasel in creditors
Increase in deferred ineome
123,8911
132.3391
97,433
100,231
163,0241
242,448
Cash generated from oporntions
311,585
624,033

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
28 Analysis of chang•s in nèt funds
The eharilable company had no debt during the year.