Charity registration number 1121398 (England and Wales)
Company registration number 06084975
OUR LADY OF SION SCHOOL, WORTHING
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

OUR LADY OF SION SCHOOL, WORTHING
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs G Buque
Dr S Coldwell
Ms L Hammond-llles
Mrs K Henwood
MrA Talati
MrA Puglia
Mr G Rawlinson
Mrs J Dahill
Mrs T Raebum
Mr R Allingham
Mr S Tefler
(Appointed 23 January 2025)
Secretary
Ms L Hammond-llles
Charity number
1121398
Company number
06084975
Registered office
Gratsvicke Road
Worthing
West Sussex
BN11 46L
Auditor
Alliotts LLP
3 London Square
Cross Lanes
Guildford
GU1 1UJ
Banker5
Lloyds TSB
PO Box 10C
Andover
BX1 1LT
Solicitors
Moore Barlow LLP
The Oriel
Sydenham Road
Guildford
GU13SR
Igniiion Law
1 Sans Walk
London
EC1R OLT
Investment advisors
Rathbones
1 Northgate
Chichester
West Sussex
P019 1AT
Craven Street Wealth
3 Gough Square
London
EC4A 3DE

OUR LADY OF SION SCHOOL, WORTHING
CONTENTS
Page
Trustees. report
Independent auditorfs report
Statement of financial activities
15-16
Balance sheel
17
statement of cash flows
18
Noles lo the financial statements
19-34

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees present their annual report and financial statements for the year ended 31 August 2024.
The financial statements have been prepared in accordance wrth the accounting policies set out in note 1 to the
financial stalements and comply with Ihe charitable company's Memorandum and Articles of Association, the
Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practi￿ apFdicable
to charities preparing Iheir accounts in accordance wf(h the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS 102}" (effective 1 January 20191.
Objectives and activities
The objects of the charilable company as outlined in the Memorandum and Articles of Association are Ihe
advancement and promotion of education and training, by the provision and conducl of an interdenominational day
school for boys, girfs and young adults. In addition, the chantable company has the power to advance education in
any way which is incidental or ancillary to the primary object which beneffls the local community-
At Our Lady of Sion School, we are dedicated lo upholding a cullure Ihal values, embraces, and welcomes the
unique qualities of every Individua￿0th young and adult. Through our nurturing elhos, we slrive lo provide an
environment where our young people excel academicalty, demonstrate kindness in all their actions, and develop the
skills and wisdom necessary io navigate lrfe with confidence and assurance. both now and in the future.
Deepty rooted in our Catholic foundation and the Charism of the Sisters of Our Lady of Sion, we encourage all
members of our community to live by our motto. "Consideration Always., This core principle inspires us to cuttivate
an appreciation for diversity and a steadfast commitment to equality and justice. We empower every Sion student to
nurture a lifelong passion for leaming, respond compassionatety to Ihe needs of others, and care for our planel.
Our charitable aims include=
Upholding the Vision of our Founder5: We remain committed to the academic and spiritual principles
established by our founders, guided by the Charism of Sion. We authenticalty welcome children from all
faiths, as well as those who do nol follow a ￿ligIouS failh.
Fostering a Passion for Education- We seek to awaken a genuine passion for education in every
student, inspiring curiosty about the wodd around them and how they can actively contribute to addressing
its challenges and seizing its opportunities.
Equipping for the Future.. Our mission is to equip every child with the skills, knowledge, and resilience
required to thrive in an ever-changing world. We aim to develop thoughtful, infom)ed, and engaged
individuals who understand that their talents and abilities can make a positive impact on their communities
and the widerworld.
Cultivating Inspiring Young People.. We are committed to developing young individuals who are driven by
inlegrity, compassion, and self-belief. Our school encourages students lo grow inlo responsible leaders
who inspire olhers Ihrough their actions and example.
Promoting Personal Development and Excellence: We foster a culture that supports personal gr0￿h,
high performance, and self-reflection. We aim to nurture inquisf(ive, compassionate, and elhical cilizens
who are committed to open dialogue. authenticity. and kindness towards our planet.
Encouraging the Best Version of Ourselves.. Our ethos encourages everyone to continuously strive for
personal and academic growth. We understand that developfflent is an ongoing process, vitalizing both the
individual and the community-
Fostering Wellbeing and Citizenship= We provide opportunilies for sludents to learn about personal
safety, strengthen their social and emotional wellbeing, and understand what it means to be a good citizen.
We instil in them a sense of elhical responsibility, thoughfftjl slewardship of the nalural world, and a
commitment to ethical living.
Embracing Challenges with Strength of ChardCter= At Sion. we help every student understand that
challenges are a nalural part of life. We emphasize the importance of tenacity and self-belief, guiding our
students to approach difficult situations with solution-focused responses that build strength of mind and
character.

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Through these aims, we aspire to nurture young people who will embody the values of consideration,
compassion. resilience. and ethical living. contributing positively to society and making a meaningful difference
in the world.
Strategies for achieving aims and objectives
Summary of Strategies We Do to Achieve Charilable Aims
To ensure thal every member of the Our Lady of Sion School community meets Ihe stsled aims of academic
excellence, personal development, and social ￿sponsibl11ty. we implement the following slrategies=
1. We deliver a broad and inclusive curriculum= Our curriculum fosters academic knowledge, critical thinking,
and a deep understanding of global challenges. We integrate character education into all subjects to
support sludents, personal growth.
2. We provide holistic support for sludents.. Our strong pastoral care syslems. mentorship programs. and life
skills education prioriiise students. emotional, social. and mental wellbeing. We personalise learning and
recognise effort, promoting resilience and self-belief.
3. We encourage ethical citizenship.. Students active￿ engage in cornmunty service, environmental initiatives.
and social justice programs, developing a strong sense of social responsibility and ethical living.
4. We empower our teachers and staff.. We provide ongoing professional development. leadership
opportunities, and a culture of collaboration to ensure that all staff members embody and support the
school's values.
5. We foster parental and community involvement.. We maintain strong communication with parents.
encouraging their participation in school activities and charitable initiatives. Our partnerships with local
organisations further enhan￿ our social responsibilty efforts.
6. We promote reflective practI￿s.. We provide regular opportunrties for self-reflection and open dialogue,
supporting conlinuous personal growth for both students and staff. Our student leadership initiatives
empower individuals to take responsibility for living out the school's values.
7. We are committed to continuous improvement.. We regularfy evaluate our progress through feedback and
transparent reporting to ensure that we consistenty achieve our mission of fostering academic. personal.
and social developmenl.
8. Our Assembly and Whal Matters programmes encourage thoughtful responses to real issues whilst also
encouraging appropriate actions to make a difference.
9. Our links wilh the Global Sion network provides opportunty for inlemational discourse around wodd issues
and human responses to need.
Through these strategies, we ensure that the school community lives out the values of consideration. compassion.
and ethical responsibility, preparing students to thrive academically and as engaged global citizens.

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Public benefit
The trustees have considered the Charity Commission's general guidance on public benefft when revEwng the
aims and objectives. The primary aim of the charitable company is the education of boys and girfs. The school
accepts children who are of average ability and above. and it actively encourages the development of all abilities. As
an independent school we are aware that fees may act as a barrier to some and we therefore provide bursaries and
scholarships for pupils for whom the school will otherwise be out of reach. Furthermore, during periods Ihal Ihe
School is not being used for the advancement of education, it is lel to members of the local public. We have seen
an increase in local groups using our premises and we are keen to provide greater levels of opportunity moving
forwards.
We offer bursaries and other assisted places to pupils who would benefit from being educated al Our Lady of Sion
School.
We offer subject scholarships and ethos scholarships..
Louise Humann
Ratsibonne
SapereAude (Sixth Fo￿)
We offer our premises to local groups for a minimal fee (or free).
We are proactive in offering support to local charities and global charilies and also local nursing homes Ihrough our
community outreach programme.
We allow local groups to use our facilities free of charge such as the local Church, Worthing Artists Open Houses.
Guildcare, Lighthouse Retreat Centre.
Our community outreach programrne visits local homes for the elderty and disabled, performing music, poetry and
readings. They also talk with the residenls. Our students have perfomed at charity concerts.
Our Junior School hosted inter-generation workshops run by our English Department.

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Achievements and perforniance
ISI Inspectionlndependent Schools Inspectorate IISII Inspection- November 2023
In November 2023, Our Laty of Sion School underwent a full inspection by the Independent Schools Inspectorale
IISI), under the revised inspection framework introduced in September of the same year. As one of the first
independenl schools in the country lo be evaluated according to this new model, we are pleased lo rq)ort that Ihe
school was found to be fulty compliant in all regulatory areas.
The updated framework no longer provides an overall graded judgement (such as 'Excellent' or 'Good'}', rather, it
focuses on schools, compliance wilh statutory requirements alongside a detailed qualitative evaluation of key areas.
The inspection affirmed the school's robust educational provision and pastoral care. and provided encouraging
commenlary across the following domains=
Leadership and Management-. The leadership leam and goveming body were recognised for delivering a
broad, personalised education that centres on pupil wellbeing. The inspection noted that govemors
demonstrate clear understanding of their responsibilities and offer effedive oversight and challenge.
Qualily of Education: Teaching across all phases, including the Earfy Years Foundation Slage and SEND
provision, was described as effective. well-structured. and engaging, resulling in consistent pupil progress.
Pupil Health and Wellbeing= Inspectors commended the school's proactive approach lo wellbeing,
highlighting the strength of ils programmes and facilities in promoting both physical and emotional
development.
Social and Moral Development: The report obsep4ed a strong culture of respect, inclusion, and social
responsibility. with pupils demonstrating awareness of and engagement in their wider community.
Safeguarding.. Safeguarding procedures were judged to be effective. Staff were found to be welklrained
and confident in their responsibilities. and pupils reported feeling safe and listened to.
This report validales the school's ongoing commitment to educational excellence and the holistic development of
every child. The fijll ISI report is available on the school's website.
GCSE Results 2024
Our Lady of Sion School is proud to report another year of outstanding GCSE resutts, a refleclion of the dedication
of our pupils, the professionalism of our staff, and the supportive environmenl cultivated across the school
community.
We firmty believe that when a child is truty kno￿￿ and nurtured. exceptional outcomes will follow. This year's results
powerfully demonstrate that belief in adion..
All subjects exceeded national pass rates (Grades ￿)
Mathematics, Design & Technology, and Computer Science achieved results over 30 percentsge poinls
above national figures at Grades
An addilional eleven subjectwnduding Art, Drama, English, Food and Nulrition, French, Geography,
History. Music, PE. Spanish, and Slatislics-achieved at least 20 percenlage poinls above Ihe nalional
average
For lop grades (￿7), pupils at Sion achieved resulls at least double the national average across a broad
range of subjects in the arts. sCien￿s. and humanrties
These outcomes affinn the success of our approach to educatio1￿mbInIng academic rigour with individualised
pastoral support, high expectations, and a values4ed ethos.
All sludents from Ihis cohorl progressed to further education. either continuing wtlhin our own Sixth Fomi Cenlre
IVISionl or at other well-regarded institutions.

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
A Level Results 2024
We are delighted to report another strong set of A Level results. exemplifying the academic commitment and
resilience of our Sixth Fomi students and their teachers.
100 /¢ pass rate across all A Level entries
82 % of all grades awarded at A-￿. significantly exceeding national averages
We extend particular commendation lo the departments of Biology, Law, Psychology, and Physical Ed￿tion,
where A, A and B grades. were substantialty above national benchmarks.
Our broad and balanced Sixth Form curriculum conlinues lo support a diverse range of academic interesls and
aspirations. The 2024 cohort reflected this breadth with..
240/0 of A Level entries in STEM subjects
66.10 in Humanities and Social Sciences
These figures highlight both our commitment to subject diversity and our success in fostering intellectual
engagemenl across disciplines.
Headteacher, Mr Steve Jeffery, remarked:
"The tenacity and sheer hard work of our A Level students has resulted in a 100 % pass rat￿n achievement of
which we are extremely proud.
This communty recognises the considerable challenges fa￿d by young people in recent years. and
wholeheartedly applaud each individual for Iheir perseverance and resilience. These outcomes are a leslament to
the strength of our teaching. the support systems we provide. and the spirit of the Sion communty-"
The majority of our Sixth Fonn graduates progressed to higher education. wllh others pursuing apprenticeships or
professional training routes. Each departs Sion as a confident. capable, and compassionate individual, fully
prepared for the next slage of life and learning.
Teaching and learning at Sion: Inspiring Minds. Nurturing Hearts
At Sion, education is not simply about the transmission of knowledge.
11 is about igniling curiosity. foslering confidence, and cultivating a lifelong passion for leaning. From the moment a
child joins us, they step into a vibrant, nurturing communty where every individual is seen, known, and ￿lebrated.
Early Years: Where Wonder Begins
Our Eady Years provision is a place of wamrth. wonder, and welcome.
We offer a true family environment where children feel safe, valued, and free to explore. It is here that the
foundations of joyful leaming are laid. Through our ca￿ful￿ curated Nursery. ImpresSION, our youngest learners
become intrepid explorers. setting off on exciting adventures of discovery in a wodd designed just for them. Every
corner of the space is crafted to spark imagination and a sense of awe. Through Tapestry, we ￿lebrate and Irack
each child's unique progress as they flourish across the seven a￿a5 of leaming. achieving their Eady Learning
Goals in an environment alive with energy and purposeful play.

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Junior School: A Community of Curiosity and Care
In the Junior School, leaming is brought to life through imagination, laughter, and deep connectK)n. Here, we live by
the principle Ihal each child is Known and Nurtured IKAN}. We believe that happy children are thriving children, and
so emotional wellbeing sits at the heart of everything we do.
Our inspiring, creative, and dynamic curriculum challenges and supports every child, encouraging resilience,
independenl Ihinking, and a solution-focused mindset. We don't jusl prepa￿ children for the next step in education-
we prepare them for a world that is ever-changing. Our dedicated teachers are not only highly qualified and
passionate bul deepty attuned to each learner's joumey. We foster talents, build confiden￿, and nurture polential,
always ambitious for our pupils, progress and success.
Academic achievement is closely monitored through both intemal assessments and national benchmarks. Regular
reviews ensure Ihal all leamers, whether needing support or high-aplitude challenge, receive Ihe personalised
attention they deserve. The consistency of our teaching approach and our exceptional pastoral care are the
cornerstones of our excellence.
Senior School: Where Thinking Deepens Further
In the Senior School, students are invited into a rich. intellectualty stimulating environment where Higher Order
Thinking Skills are al the forefront of leaming. They a￿ encouraged lo question deeply, reason criticalty, and
communicate with clarity and confidence. Through engaging wrth a broad and balanced curricUlun￿1nC1Udlng
English, mathematics, science, the humanities. perfomiing arts, sport. compuling, and food and nulrition-students
discover connections. develop insight, and begin to shape their unique voices.
Beyond the classroom, a vibrant programme of extracurricular opportunities enriches school life, cuttivating
leadership, self4iscipline. teamwork, and crealivity. Our inclusive community promotes mutual respect and
meaningful relationships, bringing together students from diverse backgrounds and fostering a genuine sense of
belonging.
At Sion, we believe that the best education is one that fO￿S the whole person.. academicalty, emot'onalty, spiritually,
and socially.
VISion: Sixth Form with Purpose
Our Sixth FoTh, known as VISion, provides a powerhjl bridge to adulthood. In the supportive embrace of a familiar
community, studenls are given Ihe space, guidance, and inspiralion to flourish. VISion is about more than academic
success,. it is about preparing young people to lead with integrity. to think independentty, and to face the future with
confidence.
Students are encouraged to lake on meaningful responsibilities wtthin the school. contributing to community life
through leadership and servi￿. Our curriculum is both rigorous and responsive, blending traditional excellence with
innovation in lechnology, digttal media, and Al. Whether headed for university, a creative industry, or an
entrepreneurial path. every young person leaves Sion equipped with not onty knowledge but the wisdom and
courage lo use it well.
Sion Education: A Mission That Matters
Above all, Sion is about connection-behveen students and teachers, be￿een families and the school, bebNeen
learning and lrfe. Our mission is rooted in love, hope, and the belief that every child holds immense potential waiting
to be discovered and nurtured.
Sion students do not just achieve. They thrive. And in doing so, they are empowered to make their mark on the
world.

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Financial review
The Statement of Financial Activities (SOFA) can be found on page 15. The net movement in funds fcT the year to
31 August 2024 is a deficit of £336,484 12023.. £37,859 deficit)- Total incoming resources reduced by £65,989, to
£4,204,216 and total expenditure increased by £357.645 to £4,652,861. There was a gain on investments of
£112,161 12023 £12,848 loss). Depreciation charges for the year amounted to £169,107 {2023= £152,459), so the
operating deficil before depreciation was £279,538 (2023 £127,448 surplus).
As an independent school we are tasked v￿th delivering exceptional education, and must navigate 8 delicate
balan￿ between aC￿SSibl11ty. quality. and sustainability- The majority of the school's income was generated from
pupil fees. The school's policy is to ensure that its income after deduction of operating expenses is invested in Ihe
school lo ensure the highest slandards in the education and facilities provided lo ils pupils.
This pasl year has proved lo be very challenging. with the effects of the poor economic climate being fell by
parents, as well as the school. Not only has this resulted in increased costs, but has affected parents, decisions
about invesling in independent education, reflected in lower pupil numbers. Also, we have been focusing on how
scholarships and bursaries, retention of teaching and support staff, and reinvestment of fees will shape our future,
given the polenlial of VAT on school fees, and Ihe wf(hdrawal of Business Rates relief.
In pursuit of our mission lo provide an inclusive leaming environment, scholarships and bursaries have played a
pivotal role. These financial aids have not onty made education accessible to a broader spectwm of students but
have also enriched our school community with diverse talents and perspectives. By allocating a portion of our
budget towards these initiatives. we've ensured Ihal financial constraints do not impede the pursuit of knowledge,
development and opportunty. Through careful assessment and transparent processes, we've endeavoured to
idenlify and support desetving individuals, fostering a culture of equal opportunty.
The Ratisbonne Scholarship looks lo financially supporl younger pupils who show a voracious appelile for learning.
The Louise Humann scholarship looks to support children who may have experienced difficulty during the lockdown
period, and subsequently require support returning to an educalion environment. These scholarships are given in
the Sion spirit of the school. supporting families who would benefft from the small and pastoral enmronment the
school offers.
The local reputalion of the school is strong and we look to strengthen these community links. These efft)rts have
helped increase the school's visibility, resu￿Ing in a higher nurnber of enquiries and hopefully su￿essful student
conversions in the coming years.
The school's investment portfolio reported a value of £1,621.505 (2023 £1,492,084} at the year-end. The
investment porffolio is managed by Iwo differenl investment managers which minimises the charity's risk in Ihis area
as they have been provided with different profiles and remits. The investment managers met with Finance &
General Purpose Committee during the yearto discuss the perfonnance and risk profile of each fund.
ReseNes policy
As at 31 August 2024 reserves totalled £2,538.936 {2023 £2.875.420) with £14,672 12023 £14,117) held as
restricted funds and £21,861 12023 £21,122) as designated reSe￿e$. This leaves unrestricted funds of £2,502,403
{2023 £2,840,181) which, when fixed assets of £941,974 (2023 £945,306) are ignored, leaves free reserves of
£1,560,429 12023 £1,894,875). the majority of which are invested at the year end. The Govemors have set a
reserve policy of ensuring that the School has the equivalenl of a minimum of six months expenditure held in
reserves.
The governors are comfortable that the Charity remains a going concem and therefore the adoption of the going
concern basis for preparing the financial statements remains appropriate.

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Major risks
The trustees have a risk management strategy vthich comprises:
An annual review of risks the charitable company may face collated on a risk register
The establishment of systems and procedures to mttigate those risks. identified on the register with
appropriate owners
A lermly review of the risk register by the relevant committee
The implementation of prO￿dureS designed to minimise any potential impact on the charitable company
should those risks materialise
Particular attention has continued to focus on non-financial risks arising from the care of children or other people,
slaff or visitors, who may attend Ihe School. As well as the laws on child protection and heatth and safely issues the
School reviews its servI￿s, financial and general exposure to risk on an ongoing basis.
Sion School is responding proactivety to a sustained dedine in student enrolment, which reflects broader
demographic shifts. and economic pressures on families along with rising operational cosls which lead to higher
fees.
In light of these challenges, the Govemors and School Leadership Team have undertaken a strategic review of Ihe
school's operations. with a clear focus on ensuring long-term financial sustainability-
This has involved aligning staffing structures and class configurations with projected pupil numbers and associated
income across both the Junior and Senior Schools.
Measures taken are designed not only to redu￿ costs. but also to enhance the leaming environment by fostering
grealer energy and engagement within appropriately sized classes.
At the same time, the school continues to innovate, notably through the development of a Wellbeing Curriculum that
responds to growing concerns around youth mental health and screen dependency.
Interest from prospective families remains slrong. with Sion's calm. nurturing atmosphere and individualised
approach continuing to appeal, particularty to those seeking a values-led education and supportive setting for
children with additional needs.
With a revised capacty of 320 pupi15 and a financial break*ven point of approximately 257. we are focused on
targeted pupil growth supported by a new partnership with award-winning agency Molokini, whose work is helping lo
amplfy the school's distinct strengths and reputation in a cost*ffective and impacttul manner.
Structure. governance and management
rnin
The charitable company is a company limited by guarantee, governed by its Memorandum and Articles of
Associalion which were drawn up on 26 January 2007. The liability of members is limited lo £10. The charitable
company registered with the Charity Commission on 29 October 2007 and began its first period trajing as an
independenl charity on 1 January 2008 under charity number 1121398.
min
Our Lady of Sion School Govemors, as the trustees of the charitable company. are legalty responsible for the
overall management and control of both the Junior and Senior School. and meet at least three times a year to agree
the slralegic objectives for the School.
The Board of Governors shall consisl, when complete, of nol less Ihan eight and not more and fourteen competent
persons. At each AGM, a third of all Co-opted Govemors shall retire and as appropriate appty for re-appointment.
The work of monitoring ihe implementation of the ffinan￿ strategy is carried out by the members of the Finance and
General Purposes Committee {F&GPI. Other principal committees are convened when necessary. The day to day
running of Ihe School is delegated to the Headteacher supported by Senior Management Teams, logether wilh Ihe
Bursar. The Headteacher and the Bursar attend meetings of the above Committees.
The School is subject to the inspection regime set in pla￿ by the govemment. and the resulting inspection reports
are posted on the school websf(e.

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees, who are also the directors for the purpose of company law, and who served during the year were..
Mrs G Buque
Dr S Coldwell
Ms L Hammond-llles
Mrs K Henwood
Mr A Talati
Mr S Callaghan
Mr A Puglia
Mr G Rawlinson
Mr R Sparkes
ProfA Cundy
MrsJ Dahill
Mrs T Raeburn
Mrs I Wilkinson
Mr R Allingham
Mr S Tefler
(Resigned 31 August 2024)
(Resigned 30 September 2023)
(Resigned 31 August 2024)
(Appointed 1 September 2023 and resigned 21 March 2024)
(Appointed 23 January 2025)
Recruitment and appointment of tnistees
New trustees are inducted into the workings of the School by way of a thorough briefing by the Headleacher and the
Chair of Govemors, followed by a full tour of the School. All trustees are also encouraged to visit the School on a
regular basis by arrangemenl with the Headmaster.
Trustees are encouraged to attend appropriate external training events vthere these will facilitate the undertaking of
their role, or assist Ihem with speufic areas of responsibilty.
The Committees of which the trustees are members are:
Full Governing Body Committee
Finance & General Purposes Committee, induding Marketing
Pay Review Committee
Health & Safety Committee
Education Committee
Governance Committee
Relationship with related parties
The School is closety associated with the Congregation of Our Lady of Sion, (the Orderl. Prior to independence the
School was owned and ullimatety controlled by the Order, bul managed on a day-lo-day basis by the Board of
Governors. The School became an independent charity on 1 January 2008, although The Order retains ownership
of the school propety. A monthty rental payment is made through a lease agreement.
Statement of trustees. responsibilities
The trustees, who are also the directors of Our Lady of Sion School, Worthing for the purpose of ￿MpanY law, are
responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and
Uniled Kingdom Accounting Slandards (United Kingdom Generalty Accepted Accounting Practice}.
Auditor
In accordance with the company's articles. a resolution proposing that Alliotts LLP be reappointed as auditor of the
company will be put al a General Meeting.

OUR LADY OF SION SCHOOL, WORTHING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Disclosure of infomiation to auditor
Each of the trustees has confimied that there is no InfO￿atIOn of which they are aware which is relevant to the
audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to
idenlify such relevant information and to eslablish that the auditor is aware of such infomation.
The trustees, report was approved by the Board of Trustees.
IralliénfieHeniiiood'
Mrs K Henwoo
Trustee
lffay 27. 2025. 10".02aml
27 May 2025
Date..
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 financial staternents of Our Lady of Sion School. Worthing (the 'charitable company'l for the
year ended 31 August 2024 which comprise the statement of financial activitr'es, the balance sheet, the statement of
cash flows and notes lo Ihe financial stalemenls, including significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards.
induding Financial Reporting Standard 102 The Financial Reporting Standarf applicable in the UK and Republic of
Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial slatemenls=
give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 aTrJ of its
incoming resources and application of resources. including tls income and expenditure. for the year then
ended;
have been property prepared in accordance with United Kingdom Generalty Accepled Accounting Practi￿.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducled our audit in accordance with Intemalional Slandards on Auditing (UK) (ISAS (UKII and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of
the financial slatements section of our report. We a￿ independenl of the charitable company in accordance with Ihe
ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance wilh these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have conduded that the trustees. use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on Ihe work we have perfomied, we have not identified any material uncertainties relaling lo events or
conditions that, individualty or collectivew. may cast significant doubt on the charttable company's ability to continue
as a going concern for a period of at least twelve months from when the financial statemenls are aulhorised for
issue.
Our responsibililies and the responsibiltties of the trustees with respect to going concern are described in the
relevant sections of this report.
Other inforniation
The other infomialion comprises the information included in the annual report other than Ihe finarcial slatemenls
and our auditor's report Ihereon. The trustees are ￿spOnsible for the other infomialion contained within Ihe annual
report. Our opinion on the financial statements does not cover the other infomiation and, except to the extent
olhetwise explicitty stated in our report, we do nol express any form of assurance conclusion thereon. Our
responsibility is to read the other inforrnation and. in doing so, consider whether the other information is materially
inconsislenl with the financial stalemenls or our knowledge obtsined in the course of Ihe audit, or othetwise appears
to be materialty misstated. If we identfy such material inconsistencies or apparent material misstatements, we are
required to detemiine whether this gives rise to a material misstatement in the financial statements themselves. If,
based on Ihe work we have perfonned. we condude that there is a malerial misstalemenl of this olher infomation.
we are required to report that fact.
We have nothing to report in this regard.
11

OUR LADY OF SION SCHOOL, WORTHING
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF OUR LADY OF SION SCHOOL, WORTHING
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit=
the infoThation given in the trustees. report for the financial year for which the financial statements are
prepared, which includes the directors, report prepared for the purposes of company law. is consistenl wilh the
financial statements., and
the directors, report included within the trustees, report has been prepared in accordance with applicable legal
requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment oblained in Ihe
course of the audit. we have not identified material misstaternents in the directors, report included within the
trustees. report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report lo you if, in our opinion=
adequate accounting records have not been kept, or retums adequate for our audit have not been received
trom branches not visiled by us- or
the financial statements are not in agreement with the accounting records and retums,. or
certain disclosures of Iruslees. remuneration specffied by law are not made., or
we have not received all the information and explanations we require for our audit- or
the Iruslees were not entitled to prepare the financial statements in accordance with Ihe small companies
regime and take advantage of the small companies. exemptions in preparing the trustees, report and from the
requirement to prepare a strategic report.
Responsibilities of trustees
As explained MO￿ fulw in the slatement of trustees, ￿spOnsibl1111e$. the Iruslees, who are also the directors of Ihe
charitable company for the purpose of company law. are responsible for the preparation of the financial statements
and for being salisfied that they give a true and fair view, and for such inlemal control as the Iruslees determine is
necessary io enable the preparation of financial ststements that are free from material misslatemenl, whether due
to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicable, matters related to going concem and using the going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic a￿ernative but lo do so.
12-

OUR LADY OF SION SCHOOL, WORTHING
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF OUR LADY OF SION SCHOOL, WORTHING
Auditorfs responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a Who￿ are free from
material misstatement, whether due to fraud or e￿Or. and to issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance bul is nol a guarantee Ihal an audil conducled in accordance
with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material rf, individually or in the aggregale, they could reasonably be expecled to influence
the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud. are instances of non-compliance laws and regulations. We design procedures in
line with our responsibilities, outlined above. to detect material misstatements in respect of i￿egUlar1ties, including
fraud. The exient to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
the engagement partner ensured that the engagemenl leam collectivety had the appropriale competen￿,
capabilities and skills to identify or recognise non-complian￿ with applicable laws and regulations.,
we identified the laws and regulations applicable to the company through discussions with trustees and
other managemenl, and from our commercial knowledge and experience of Ihe education seclor.,
we focused on specific laws and regulations which we considered may have a direct material effect on the
financial statements or the operalions of the charitable company, including the Companies Acl 2006,
taxation legislation and data protection, anti-bribery. employment. health and safety legislation..
we assessed the extent of Complian￿ with the laws and regulalions identified above through making
enquiries of management and inspecling legal correspondence., and
identified laws and regulations were communicated within the audit team regularty and the team remained
alert to instan￿$ of non-compliance throughout the audr(.
We assessed Ihe susceplibility of Ihe charitable company's financial ststements lo material misslatement, including
obtaining an understanding of how fraud might occur. by=
making enquiries of management as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud-
considering the intemal controls in pla￿ to mitigate risks of fraud and non-complian￿ with laws and
regulations- and
understanding the design of the charitable company s remuneralion policies.
To address Ihe risk of fraud through management bias and override of controls. we..
perfo￿ned analytical procedures to identify any unusual or unexpected relationships.,
tested journal entries to identify unusual Iransaclions-
assessed whether judgements and assumptions made in determining the accounting estimates were
indicative of potential bias., and
invesligaled Ihe rationale behind significant or unusual transactions.
In response lo the risk of irregularities and non-compliance wtth laws and regulations, we designed procedures
which included, but were not limited to=
agreeing financial slatement disclosures to underfying supporting documentation-
reading the minules of meelings of the Board of Govemors..
enquiring of management as to actual and potential litigation and claims.. and
reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.
There are inherent limitalions in our audit procedures described above. The more removed thal laws and
regulations are from financial transactions. the less likety it is that we would become aware of non-compliance.
Auditing standards also limit the audit Pro￿dureS required to identrfy non-compliance with laws and regulations to
enquiry of the directors and other management and the inspection of regulalory and legal correspondence. if any.
Material misstalements Ihal arise due to fraud can be harder to delecl Ihan those that arise from error as they may
involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at= https.'Il
www.frc.org.uklauditorsresponsibilities. This description fonns part of our audrtorfs report.
13-

OUR LADY OF SION SCHOOL, WORTHING
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF OUR LADY OF SION SCHOOL, WORTHING
Use of our report
This report is made solety to the charitable company's rnembers. as a body. in accordan￿ with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitatle company's
members those matters we are required to slate to them in an audttor's report and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable
company and the charitsble company's members as a body, for our audit work, for this report, or for Ihe opinions we
have formed.
S4.•.. A4_a,4L
edith
ste°OlenTh4 &111 ￿A'F6A Is￿A (Senior Statutory Auditor)
ere
For and on behalf of Alliotts LLP. Statutory Audttor
Chartered Accountants
3 London Square
Cross Lanes
Guildford
GU1 1UJ 27 May 2025
Date..
14-

OUR LADY OF SION SCHOOL, WORTHING
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
Current financial year
Unrestricted Unrestricted
funds
funds
general designated
2024
2024
Restricted
funds
Total
Total
2024
2024
2023
Notes
Income and endowments from-
Donations and legacies
Charitable activities
Investments
Other income
2.970
4.173,195
20.562
6.195
2,970
4.173,195
21,856
6,195
2,686
4,239,299
18,642
9,578
739
555
Total income
4.202.922
739
555
4,204,216
4,270,205
Expenditure on:
in
Fundraising and publicty
Investment management
45.731
{2.500}
45.731
{2,5001
24.131
9,500
43,231
43,231
33,631
Teaching
Welfare
Premises
Support
2.822.353
47.677
775,568
964,032
2.822,353
47.677
775,568
964,032
2,575,606
42.753
729,494
913,732
Totsl charitable expenditure
4,609,630
4,609,630
4,261,585
Total expenditure
4.652.861
4.652,861
4,295,216
Net gainslllosses) on
investments
13
112.161
112,161
(12,8481
Net incomel{expenditure) and
movement in funds
(337,778)
739
555
{336,484)
(37,8591
Reconciliation of funds:
Fund balances at 1 September 2023
2,840.181
21.122
14,117
2.875,420
2,913,279
Fund balances at 31 August 2024
2.502,403
21.861
14.672
2.538,936
2,875,420
The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
15-

OUR LADY OF SION SCHOOL, WORTHING
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
Prior financial year
Unrestricted Unrestricted
funds
funds
general designated
2023
2023
Restricted
funds
Total
2023
2023
Notes
Income and endowments from-
Donations and legacies
Charitable activities
Investments
Other income
2.686
4.239.299
17.886
9.578
2,686
4,239.299
18,642
9.578
324
432
Total income
4.269.449
324
432
4,270.205
Expenditure on:
in
Fundraising and publicty
Investment management
24.131
9.500
24,131
9,500
33,631
33,631
Teaching
Welfare
Premises
Support
2,575,606
42.753
729,494
913,732
2,575,606
42,753
729.494
913.732
Total expenditure
4.295.216
4,295,216
Net gainsl(losses) on investments
13
{12,848)
(12,8481
Net in¢omel{expenditure) and movement in funds
(38.615)
324
432
{37.8591
Reconciliation of funds-.
Fund balances at 1 September 2022
2,878,796
20,798
13,685
2,913,279
Fund balances at 31 August 2023
2.840.181
21,122
14,117
2,875,420
16-

OUR LADY OF SION SCHOOL, WORTHING
BALANCE SHEET
AS AT 31 AUGUST2024
2024
2023
Notes
Fixed assets
Tangible assets
Investments
15
16
941.974
1,621,505
945,306
1,492,084
2.563,479
2,437,390
Current assets
Debtors
Cash al bank and in hand
17
250,127
1.215.230
225,665
997,213
1.465.357
1.222.878
Creditors: amounts falling due within
one year
18
{1.165.910)
{707,898)
Net current assets
299.447
514.980
Total assets less current liabilities
2.862.926
2,952.370
Creditors: amounts falling due after
more than one year
19
{323.990)
(76.9501
Net assets
2.538.936
2,875.420
The funds of the charitable company
Restricted income funds
Unrestricted funds - general
Unrestricted funds- designated
22
24
23
14.672
2.502,403
21.861
14,117
2,840,181
21.122
2,538.936
2,875.420
27 May 2025
The financial statements were approved by the trustees on .........................
4(&t4)eriNe*lermredlfrfray 27, 2025, 10'.02aml
Mrs K Henwood
Trustee
Company regislration number 06084975 (England and Wales)
17-

OUR LADY OF SION SCHOOL, WORTHING
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notes
Cash flovts from operating activities
Cash generated from operations
28
375,843
108,087
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assels
Purchase of investments
Proceeds from disposal of investments
Investment income received
(169,012)
{128,177)
2,743
1912.165)
898,752
21.856
(880,560)
862,788
18,642
Net cash used in investing activities
{157.826)
1127.3071
Net cash generated from financing activities
Net increaselldecreasel in cash and cash
equivalents
218,017
{19,220)
Cash and cash equivalents at beginning of year
997,213
1,016,433
Cash and cash equivalents at end of year
1,215,230
997,213
18-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
Charity infonnation
Our Lady of Sion School, Worthing is a charilable company limited by guarantee incorporaled in England and
Wales. The registered o)Tice is Gra￿iCke Road, Worthing, West Sussex, BN1148L.
1.1 Accounting convention
The financial slatements have been prepared in accordance with Ihe charitable company's Memorandum and
Articles of Association. the Cornpanies Act 2006. FRS 102 "The Financial Reporting Standard applicable in
the UK and Republic of Ireland. I"FRS 102°) and the Charitr'es SORP"Accounting and Reporting by Charities=
Statement of Recommended Practice applicable to chartlies preparing their accounts in accordance with Ihe
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January
2019). The charitable company is a Public Benefft Entity as defined by FRS 102.
The financial slatements are prepared in sterfing, which is the funclional currency of the charitsble company.
Monetary amounts in Ihese ffinan￿aI stalemenls are rounded lo the nearest £.
The financial statemenls have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the lime of approving the financial stalemenls, the Iruslees have a reasonable expeclation that Ihe
charitable company has adequate reSoUr￿S to continue in operational existence for the foreseeable future.
Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial
slatements.
1.3 Charitable funds
Unrestricted funds are available for use at the dIS￿tIon of the Iruslees in furtherance of their charitable
objectives.
Reslricled funds are subject lo restrictions on their expendtlure imposed by the donor or Ihrough the terms of
an appeal.
General funds are unrestricted funds which are available for use at Ihe discretion of Ihe truslees in furtherance
of the general objectives of the charity and which have not been designated for other purposes.
1.4 Income
Income from operating activities in furtheran￿ of the charitable company's objectives 15 accounted for on an
accruals basis. Fees receivable and charges for services and use of premises are accounted for in the period
in which the service is provided. Fees receivable are slated after deducting allowances, scholarships and
other remissions granted by the school. Fees received in advance of education to be provided in fijture years
under an Advance Fee Paymenls Scheme contract are held as liabilities until either taken lo income in Ihe
term when used or else refunded.
Donations re￿1vable for the general purposes of the charitable company are credited to unrestricted funds.
Donations for purposes restricted by the wishes of the donor are taken lo restricted funds.
Legacies are recognised on receipt or otherwse if the charitable company has been notified of an inpending
distribution, the amount is known. and receipl is expecled. If the amount is not known, the legacy is treated as
a contingent asset.
19-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
{Continuedl
Income from govemmeni grants is recognised at the fair value of the assel received or receivable when there
is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that
specifies performance conditions is recognised in income when the perfomiance conditions are met. ￿ere a
grant does not specify perforrnance conditions it is recognised in income when the proceeds are recewed or
receivable. A grant received before the recognilion criteria are satisfied is recognised as a liability.
Other operating income is accounted for on an accruals basis.
1.5 Expendilure
Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic benefit to a
Ihird paty, il is probable that a transfer of economic benefits will be required in setuemenl, and the amounl of
the obligation can be measured reliabty.
Expenditure is classrfied by activity. The costs of each activty are made up of Ihe total of diwl cosls and
shared costs, induding support costs involved in undertaking each activity. Direct costs attributat4e to a single
activity are allocated directly to Ihat aclivity. Shared costs which contribule to more than one activity and
support costs which are not attributable to a single aclivity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
deprecialion charges are allocaled on the portion of the asset's use.
Expenditure is accounted for on an accruals basis. Overhead and other costs not directty attributable to
particular functional aclivity categories are apportioned over the relevant categories on Ihe basis of
managemenl estimates of the amount attribulable lo that aclivity in the year, etther by reference to staff time
or space occupied. as appropriate. The I￿eCoVerable element of VAT is included the item of ex￿nse to
which il relales.
Governance costs comprise the cosls of running the charitable company, including strategic planning for its
future development, also extemal audit, any legal advi￿ for the school, and all the costs of complying with
constitulional and slatulory requirements, such as Ihe costs of Board and Committee meetings and of
preparing slatulory accounls and salisfying public accountsbility-
1.6 Tangible fixed assets
Tangible fixed assels are initially measured at cost and subsequenlly measured al cost or valuation, nel of
depreciation and any impairment losses.
Depreciation is recognised so as to wrile off the cost or valuation of assels less their residual values over their
useful lives on the following bases=
Leasehold improvements
Plant and equipment
Computer equipment
Motor vehicles
5 % per annum straight-line
250/0 per annum straight4ine
33.33°/o per annum straight-line
250/0 per annum reducing balance
The gain or loss arising on the disposal of an asset is delemiined as the difference be￿een Ihe sale proceeds
and the carrying value of the asset. and is recognised in the staternent of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs. and are
subsequently measured at fair value at each reF￿rtIng date. Changes in fair value are recognised in net
incomel{expendtturel for the year. Transaction costs are expensed as incurred.
-20-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
{Continuedl
1.8 Impairnient of fixed assets
At each reporting end date, Ihe charitable company reviews Ihe carying amounls of ils tangible assets to
determine whether there is any indication that those assets have suffered an impaim)ent loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the
impairmenl loss lif any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three rnonths or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabiliti'es.
1.10 Financial instruments
The charitable company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and
Section 12 '0ther Financial Instrurnents Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charttable company's balan￿ sheet when the charitable company
becomes paty to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
Ihere is a legally enforceable right to set off the recognised amounts and there is an intention lo settle on a net
basis or to realise the asset and settle the liability simuttaneousty.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are inilially measured at
Iransaclion price including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the a￿angement constitutes a financing transaction, where the transaction is
measured at the presenl value of the future receipts discounted at a markel rale of interest. Finanaal assets
classified as receivable wthin one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at Iransaclion price unless
the arrangement conslilutes a financing transaction. where the debt inslrumenl is measured al the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are nol amortised.
Debl instruments are subsequenlty carried at amortised cost, using the effective interest rale method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounls payable are classified as currenl liabililies if payment is due within one
year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at
Iransaclion price and subsequenlty measured at amortised cost using the effeclive interesl method.
Derecognition of financial liabilities
Financial liabilities are derecognised vthen the charitable company's contractual obligations expire or are
discharged or cancelled.
1.11 Employee benefits
The cost of any unused holiday entillement is recognised in the period in which the employee's services are
re￿ived.
Temiination benefits are recognised immediatety as an expense when the charitable company is
demonstrably committed to temiinate the employment of an employee or to provide temiination benefits.
21

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
{Continuedl
1.12 Retirement benefits
The school participates in two multi*mployer pension schemes. The Aviva {APTISI Defined Benefits Scheme
is used for its teaching staff and the Pensions Trust Defined Benefit scheme for support staff, afler leaving the
Teachers Pension Scheme in September 2020. The contributions by the school are determined by the
Scheme Actuary and advised to Ihe school by the Scheme Administralors. As the schemes are multkemployer
schemes and the school cannot identfy its share of the assets and liabilities, in accordan￿ with FRS 102, the
schemes are accounted for as defined contribution schemes.
Critical accounting estimates and judgements
In the application of the charitable company's accounting policies. the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical experience
and other factors Ihat are considered to be relevant. Actual resulls may differ from these estimates.
The estimates and undetying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in Ihe period in which the estimale is revised where the revision affects only that
period. or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donations and legacies
Unrestricted
funds
2024
Unrestricted
funds
2023
Donalions and gifts
2,970
2,686
-22-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Incoming resources from charitable activities
School fees Registration
Addrtional
educational
charges
2024
Totsl
Total
2024
2024
2024
2023
Incoming reSoUr￿S from charitable
aclivilies
4,071.921
550
100,724 4.173,195
4,239,299
For the year ended 31 August 2023
4.167.595
1.275
70,429
4,239,299
2024
2023
The school fees income comprises..
Gross school fees
Less.. bursaries
Less.. Sixth Form fee remission
4.910,721
(616,048)
(222,752)
4,954,935
1603,7211
1183,6191
4.071.921
4,167.595
Income from investments
Unrestricted Unrestricted Restricted
funds
funds
funds
general designated
2024
2024
Total Unrestricted Unrestricted Restricted
funds
funds
funds
general designated
2023
2023
Totsl
2024
2024
2023
2023
Income from
listed
investments
Interest
receivable
10,190
10,190
12,117
12,117
10.372
739
555
11.666
5,769
324
432
6,525
20.562
739
555
21,856
17.886
324
432 18.642
-23-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Other income
Unrestricted Unrestricted
funds
funds
2024
2023
Nel gain on disposal of tangible fixed assets
Other income
1,230
4.965
9.578
4.965
9.578
Expenditure on raising funds
Unreslri¢ted Unrestricted
funds
funds
2024
2023
Advertising and publicity
Advertising and Publicity
45.731
24,131
Investment management
(2.5001
9,500
Tolal costs
43,231
33.631
Expenditure on charitable activities
Teaching
2024
Welfare
2024
Premises
2024
Support
2024
Total
2024
Direct costs
Staff costs
Deprecialion and impaimient
Other Costs
2.344.157
38.342
439.854
22,326
130,765
622,477
674.741
3,041,224
169,107
1,368,852
47.677
258.844
2.822.353
47.677
775,568
933,585 4,579,183
Share of support and governance costs (see note 9)
Govemance
30,447
30,447
2,822,353
47,677
775,568
964,032 4,609,630
Analysis by fund
Unrestricted funds - general
2.822.353
47.677
775.568
964.032 4,609,630
-24-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Expenditure on charitable activities
(Continued)
Previous year:
Teaching
2023
Welfare
2023
Premises
2023
Support
2023
Total
2023
Direct costs
Staff costs
Depreciation and impaimient
Other Costs
2.108.794
31.400
435.412
40.170
121,066
568.258
686,936 2,835.900
152,466
198.264 1,244,687
42.753
2.575.606
42.753
729.494
885,200 4,233.053
Share of support and governance costs (see note 9)
Govemance
28,532
28,532
2.575.606
42.753
729,494
913,732 4,261,585
Analysis by fund
Unreslricled funds - general
2.575.606
42.753
729.494
913.732 4,261,585
Support costs allocated to activities
Teaching
2024
Total
2023
Govemance
30,447
28.532
2024
2023
Govemance costs comprise-
Staff costs
Audit fees
Sundry
11,366
18,828
253
6.352
21.086
1,094
30,447
28,532
10 Net movement in funds
2024
2023
The net movement in funds is stated after chargingl{crediting)'.
Fees payable for the audit of the charity's financial staternents
Depreciation of owned tangible r￿ed assets
Profil on disposal of tangible fixed assets
18,828
170,831
(1,230)
21.086
152,466
-25-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
11
Trustees
Three govemors received reimbursed training and travel expenses of £495 in the year12023.' hvo governors
received reimbursed training and Iravel expenses of £576).
12 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Teaching
Support
44
45
45
43
Tolal
89
88
Employment costs
2024
2023
Wages and salaries
Social security costs
Olher pension costs
2,474,019
231.577
346,994
2,307,879
214,937
319,436
3,052,590
2,842,252
Included in the above is a termination payment which was rnade during the year to three former empbyees of
£35,421 {2023= £14,610)-
The number of employees whose annual remuneration was more than £60,000
is as follows..
2024
Number
2023
Number
£60,000- £69,999
£70,000- £79,999
£80,000- £89,999
£90,000- £99,999
£100,000- £110,000
In conneclion wilh the higher paid employees. relirement benefits are accruing under a multi-employer defined
benefrt scheme for the 4 employees (2023.. 3)- The total employer contributions in the year to the scheme
were £49,931 12023.. £37,974).
-26-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
13 Gains and losses on investments
Unrestricted Unrestricted
funds
funds
2024
2023
Gainsl{losses} arising on:
Revaluation of investments
Sale of investrnents
96,032
16.129
(13,4701
622
112,161
112,8481
14 Taxation
The company is a registered charity and therefore no liabilty to taxation arises on its charitable activities.
15 Tangible fixed assets
Leasehold
improvements
Plant and
equipment
Computer
equipment
Motor
vehicles
Total
Cost
At 1 September 2023
Addilions
Disposals
1.568,916
24.6
493.346
107.635
458,883
36.733
58,686 2,579,831
169.012
126,8681
{26,8681
At 31 August 2024
1.593,560
600.981
495,616
31,818 2,721,975
Depreciation and impainnent
At 1 September 2023
Depreciation charged in the year
Eliminated in respect of disposals
777,989
80.932
413,688
45.480
387,079
44,068
55,769
351
{25,3551
1,634,525
170.831
(25,3551
At 31 August 2024
858,921
459.168
431,147
30,765
1,780,001
Carrying amount
At 31 August 2024
734,639
141,813
64,469
1,053
941,974
At 31 August 2023
790.927
79.658
71.804
2,917
945.306
-27-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
16 Fixed asset investments
Listed
investments
Cash in
portfolio
Total
Cost or valuation
At 1 September 2023
Additions
Valualion changes
Disposals
1.471.398
912.165
99.879
(866,534)
20,686
1,492.084
912,165
83.790
1866,5341
{16,089)
At 31 August 2024
1,616,908
4,597
1,621,505
Carrying amount
At 31 August 2024
1.616.908
4,597
1,621.505
At 31 August 2023
1,471.398
20,686
1,492.084
17 Debtors
2024
2023
Amounts falling due within one year.
Trade debtors
Other debtors
Prepayments and accrued income
160,682
11,478
77,967
176.366
2,832
46.467
250,127
225.665
18 Creditors: amounts falling due within one year
2024
2023
Notes
Other taxation and social security
Deferred income
Payments re￿iVed on account
Trade creditors
Other creditors
Accruals
53,191
720,019
9,750
360,584
6,630
15,736
53,590
466.774
{7,7501
62.871
55,415
76.998
20
1.165.910
707.898
-28-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
19 Creditors: amounts falling due after more than one year
2024
2023
Notes
Deferred income
Paymenls received on account
20
275,490
48,500
76.950
323,990
76.950
20 Deferred income
2024
2023
Arising from fees re￿iVed in advance
995,509
466.774
Deferred income is included in the financial statements as follows=
2024
2023
Deferred income is induded within-
Current liabilities
N0n-cu￿ent liabilities
720,019
275,490
466.774
995,509
466,774
Movements in the year..
Deferred income al 1 September 2023
Released from previous periods
Resources deferred in the year
466,774
{466,774)
995,509
507.367
1507,3671
466.774
Deferred income al 31 August 2024
995,509
466.774
21 Retirement benefit schemes
2024
2023
Defined contribution schemes
Charge lo profit or loss in respect of defined contribution schemes
346,994
319,436
The charitable company operates a defined contribution pension scheme for all qualifying employees. The
assets of the scheme are held separately from those of the charitable company in an independendy
administered fund.
The amounl outstanding at the year end and included V￿thIn creditors is £20,403 {2023= £32,111)
-29-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
22 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At1
September
2023
Incoming At 31 August
resources
2024
Sisler Maura appeal fund
Mr R Hale
4.573
9,544
180
375
4,753
9,919
14,117
555
14,672
Previous year:
At1
September
2022
Incoming At 31 August
resources
2023
Sisler Maura appeal fund
Mr R Hale
4.433
9,252
140
292
4,573
9,544
13,685
432
14,117
The Sister Maura appeal fund was set up to provide grants for specific pupil activities,. for example, during
2008 a pupil was funded when they vistted and helped wthin an orphanage in Carnbodia.
The Mr R Hale fund will be used for a similar purpose as the original funds were to be used as an additional
source of income for grants to assist pupils.

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
23 Unrestricted funds - designated
The income funds of the charity indude the following designated funds which have been set aside out of
unreslricted funds by the trustees for specffic purposes:
At1
September
2023
Incoming At 31 August
resources
2024
Govemors, fund
Maintenance fund
200
20,922
200
21,661
739
21,122
739
21,861
Previous year:
At1
September
2022
Incoming At 31 August
resources
2023
Govemors, fund
Maintenance fund
200
20,598
200
20,922
324
20,798
324
21,122
24 Unrestricted funds
The income funds of the charity include the following designated funds which have been sel aside oul of
unrestricted funds by the trustees for specific purposes=
At1
September
2023
Incoming
resources
Resources
expended
Gains and At 31 August
losses
2024
General funds
2.840.181
4.202.922
14,652,861)
112,161
2,502.403
Previous year:
At1
September
2022
Incoming
resources
Resources
expended
Gains and At 31 August
losses
2023
General funds
2,878,796
4.269,449
(4,295,216)
{12,848)
2,840,181
31

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
25 Analysis of net assets between funds
Unrestricted Unrestricted
funds
funds
general designated
2024
2024
Restricted
funds
Total
2024
2024
Fund balances at 31 August 2024 are represented by:
Tangible assets
941.974
Investments
1,621,505
Currenl asselsl(liabilities)
262.914
Long term liabilities
(323,990)
941,974
1,621,505
299,447
1323,9901
21.861
14,672
2.502.403
21,861
14,672
2,538,936
Unrestricted Unrestricted
funds
funds
general designated
2023
2023
Restricted
funds
Total
2023
2023
Fund balances at 31 August 2023 are represented by:
Tangible assets
945,3C
Investments
1.492.084
Current assetsllliabiliiies)
479,741
Long ierm liabilities
{76.950)
945,306
1,492,084
514,980
(76.9501
21,122
14,117
2.840.181
21.122
14.117
2,875.420
-32-

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
26 Operating lease commitments
At the reporting end date the charitable company had outstanding commttments for future minimum lease
payments under non-cancellable operating leases, which fall due as follows=
2024
2023
Within one year
Between two and five years
220,023
554.729
181,110
579,811
774.752
760.921
The School leases its property from The Congregation of Sisters of Our Lady of Sion, "The Ordel,. on a long
term lease. A rent review is undertaken every 5 years with the most recent one in 2023. The lease
commitment above represenls the total payments due to The Order until the next rent review.
Amounts recognised in SOFAas an expense during the period in respect of operating lease arrangements are
£144,50212023. £181.785).
27 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel. who are defined as key members of the senior leadership
team with significant influence, is as follows..
2024
2023
Aggregate compensation
381,150
360.271
28 Cash generated from operations
2024
2023
Deficit for the year
{336,484)
{37,8591
Adjustments for:
Investment income recognised in stalement of financial activities
Gain on disposal of tangible fixed assets
Gain on disposal of inveslments
Fair value gains and losses on investments
Depreciation and impaiment of tangible fixed assets
{21,856)
11,2301
{16,129)
{96,032)
169,107
(18.6421
(6221
13,470
152.466
Movements in working capilal-
{Increase)Idecrease in debtors
Increase in creditors
Increaselldecrease) in deferred income
{26,5851
176,317
528,735
15,783
24,084
(40,5931
Cash generated from operations
375,843
108.087

OUR LADY OF SION SCHOOL, WORTHING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
29 Analysis of changes in net funds
The charttable company had no material debt during the year.