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|||||Page|
|---|---|---|---|---|
|Company|information|||1-2|
|Directors'|report|||3-13|
|Independent
auditor's||report||14-16|
|Company|statement|offinancial|activities|17|
|Company|Balance Sheet|||18|
|Notes to|the financial|statements|ofthe Company|19-29|
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|Directors|and|Trustees|Mr|M R Slumbers
(Chairman)|M R Slumbers
(Chairman)|
|---|---|---|---|---|---|
||||Mrs|A-M Edgell||
|Secretary|||Mrs|TJones (resigned|4/09/2019)|
||||Mrs|H Betts (appointed|4/09/2019)|
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||||
|---|---|---|
|Principal A|ddress|Broadwater
Road|
|||Worthing|
|||West Sussex|
|||BN14 8HU|
|Registered|Office|Lancing College|
|||Lancing|
|||West Sussex|
|||BN15 ORW|
|Head||Mrs Heather Beeby|
|Bursar||Mr Mark Milling|
|Auditor||RSM UK Audit LLP|
|||The Portland
Building|
|||25 High Street|
|||Crawley|
|||West Sussex|
|||RH10 1BG|
|Bankers||Barclays Bank pic|
|||1 Churchill
Place|
|||Canary Wharf|
|||London|
|||E14SHP|
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||||2020|2019|
|---|---|---|---|---|
|||Notes|Unrestricted|Unrestricted|
||||Funds
6|Fundsf|
|INCOME|||||
|Income from Charitable|Activities||||
|School fees||2|1,540,032|1,562,713|
|Ancillary
trading
income||3|21,835|28,920|
|Non-ancillary
trading|income|3|80,972|1,024|
|TOTAL INCOME|||1,542,839|1,592,657|
|EXPENDITURE|||||
|Charitable
Activities|||||
|Schools and grant-making|||1,559,952|1,676,290|
|TOTAL EXPENDITURE||7|1,559,952|1,676,290|
|NET EXPENDITURE FOR THE PERIOD||4|(17,113)|(83,633)|
|Fund balances
brought|forward||(1,933,329)|(1,849,696)|
|FUND BALANCES AS|AT 31AUGUST||(1,950,442)|(1,933,329)|
||||2020||2019|
|---|---|---|---|---|---|
||Notes||5||E|
|FIXEDASSETS||||||
|Tangible assets|||285,888||318,361|
||||285,888||318,361|
|CURRENT ASSETS||||||
|Debtors|10|18,651||36,200||
|||18,651||36,200||
|CREDITORS: due within one year|11|(2,254,881)||(2,287,790)||
|NET CURRENT LIABILITIES|||(2,236,230)||(2,251,590)|
|TOTAL ASSETS LESS||||||
|CURRENT LIABILITIES|||(1,950,342)||(1,933,229)|
|TOTAL NET LIABILITIES|||1 950342||1,933,229|
|CAPITAL AND RESERVES||||||
|Called
up share capital|12||100||100|
|FUNDS||||||
|Unrestricted
funds:||||||
|General reserve|||(1,950,442)||(1,933,329)|
|EQUITYSHAREHOLDERS'
FUNDS|14||(1,950,342)||(1,933,229)|
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|2.|CHARITABLE ACTIVITIES - SCHOOL FEES|CHARITABLE ACTIVITIES - SCHOOL FEES|CHARITABLE ACTIVITIES - SCHOOL FEES|CHARITABLE ACTIVITIES - SCHOOL FEES|CHARITABLE ACTIVITIES - SCHOOL FEES|2020|2019|
|---|---|---|---|---|---|---|---|
||The school|fees income|comprises:|||||
||Gross fees|||||1,863,617|1,951,578|
||Less: Total scholarships,|||bursaries,|etc|(323,585)|(388,865)|
|||||||1,540,032|1,562,713|
|3.|CHARITABLE|ACTIVITIES - OTHER INCOME||||||
|||||||2020|2019|
||Ancillary
income:|||||||
||Wraparound|care||||10,336|13,824|
||Entrance and|registration|fees|||2,250|2,650|
||Extra school|care and SEN||||9,249|12,446|
|||||||21,835|28,920|
||Non-ancillary|activities:||||||
||Other income|||||185|1,024|
||Government|Grants - CJRS||||80,787||
|||||||102,807|29,944|
##
|4.|NET EXPENDITURE FO|R THE PERIOD|||
|---|---|---|---|---|
||||2020|2019|
||Net expenditure
for the|period is stated after charging:|||
||Depreciation||32,473|34,809|
||Auditors'
remuneration|—audit|4,450|4,320|
|5.|STAFF COSTS||||
||||2020|2019|
||Total staff costs comprise:||||
||Wages and salaries||1,061,376|1,030,221|
||Social security costs||96,979|94,234|
||Pension contributions||173,857|124,837|
||||1,332,212|1,249,292|
|was (prior|year restated
in line with the head|count methodology):||
|---|---|---|---|
|||2020|2019|
|||Number|Number|
|Teaching|staff|31|30|
|Others||12|11|
|||43|41|
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|||Staff|Other|Depreciation|2020|2019|
|---|---|---|---|---|---|---|
||||Costs||Total|Total|
|Charitable
activities|||||||
|Teaching||1,151,087|43,426||1,194,513|1,125,507|
|Welfare||56,734|40,599||97,333|113,284|
|Premises||57,757|146,534|32,473|236,764|299,104|
|Support cost of|schooling|66,634|64,708||131,342|138,395|
|School operating|costs|1,332,212|295,267|32,473|1,659,952|1,676,290|
|Grants, awards|and prizes||||||
|Total resources expended||1,332,212|295,267|32,473|1,659,952|1,676,290|
##
||||2020
6|2019f|
|---|---|---|---|---|
|Remuneration|paid|to auditor for audit services|4,450|4,320|
|Others Governance||Costs|5,442|3,698|
||||9,892|8,018|
##
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||Land and|Under|Computer|Fittings||
|---|---|---|---|---|---|
||Buildings
Short|Construction|Equipment|and
Equipment|Total|
||Leasehold|||||
||6|||||
|Cost||||||
|At 1 September 2019|182,619|10,266|96,884|251,099|540,868|
|Additions||||||
|At 31August 2020|182,619|10,266|96,884|251,099|540,868|
|Depreciation||||||
|At 1 September 2019|33,106||91,277|98,124|222,507|
|Charge for the year|8,211||2,335|21,927|32,473|
|At 31August 2020|41,317||93,612|120,051|254,980|
|Net book value at||||||
|31 August 2020|141,302|10,266|3,272|131,048|285,888|
|Net book value at
31 August 2019|149,513|10,266|5,607|152,975|318,361|
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||||2020|2019|
|---|---|---|---|---|
|||||F|
|Trade creditors|||51,090|58,025|
|Amounts|owed to group undertakings||1,896,839|1,878,753|
|Other creditors|||31,550|30,650|
|Accruals|||48,080|50,073|
|Deferred|income - fees received|in advance|227,342|270,289|
||||2,254,881|2,287,790|
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|Authorised||
|---|---|
|100Ordinary|Shares of61 each|
|Allotted, called up and fully paid
100Ordinary
Shares off1 each||
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||||||Fixed|Net Current
Assets/|2020|
|---|---|---|---|---|---|---|---|
||||||Assets|(Liabilities)|Total|
|||||||8||
|Unrestricted||Funds|||285,888|(2,236,230)|(1,950,342)|
||||||285,888|(2,236,230)|(1,950,342)|
|ECONCI|LIATIO|N|OF|MOVEMENT|IN EQUITY SHAREHOLDERS'
FUNDS|||
|||||||2020|2019|
|||||||F|6|
|Opening|shareholders'|||funds||(1,933,229)|(1,849,596)|
|Net movements|||in funds|||(17,113)|(83,633)|
|Closing|shareholders'|||funds||~1950 342|~1,933229|
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