| Page | |||
|---|---|---|---|
| Company information |
1-2 | ||
| Directors' report (incorporating |
the Strategic Report) | 3-14 | |
| Independent auditor's |
report | 15-18 | |
| Statement offinancial | activities | 19 | |
| Balance Sheet | 20 | ||
| Notes to the financial | statements | ofthe Company | 21 - 31 |
| Directors | and Trustees | Mr M R Slumbers | (Chairman) |
|---|---|---|---|
| Mrs A-M Edgell (Vice-Chairman) | |||
| Secretary | Mrs H Betts | ||
| Charity No. | 1155150 | ||
| Company | No. | 08808550 | |
| Principal Address | 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 | ||
| Portland | |||
| 25 High Street | |||
| Crawley | |||
| West Sussex | |||
| RH10 1BG | |||
| Bankers | Barclays Bank pic | ||
| 1 Churchill Place |
|||
| Canary Wharf | |||
| London | |||
| E145HP |
| pil numbers | at | the school durin | g the period were as f |
ollows: | ||
|---|---|---|---|---|---|---|
| 2021/22 | 2020/21 | |||||
| Preparatory | School | 121 | 121 | |||
| Pre-Preparatory | School | 73 | 67 | |||
| Total | 194 | 188 | ||||
| 2021/22 | 2020/21 | |||||
| Boys | Girls | Boys | Girls | |||
| Preparatory | School | 65 | 56 | 63 | 58 | |
| Pre-Preparatory | School | 35 | 38 | 31 | 36 | |
| Total | 100 | 94 | 94 | 94 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | Unrestricted | Unrestricted | ||
| Funds 6 |
Fundsf | |||
| INCOME | ||||
| Income from Charitable | Activities | |||
| School fees | 2 | 1,811,490 | 1,583,660 | |
| Ancillary trading income |
3 | 31,601 | 26,606 | |
| Non-ancillary trading |
income | 3 | 11,982 | 35,319 |
| TOTAL INCOME | 1,855,073 | 1,645,585 | ||
| EXPENDITURE | ||||
| Charitable Activities |
||||
| Schools and grant-making | 1,977,261 | 1,824,712 | ||
| TOTAL EXPENDITURE | 7 | 1,977,261 | 1,824,712 | |
| NET EXPENDITURE FOR THE PERIOD | 4 | (122,188) | (179,127) | |
| Fund balances brought |
forward | (2,129,569) | (1,950,442) | |
| FUND BALANCES AS | AT 31AUGUST | (2,251,757) | (2,129,569) |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | 6 | 6 | E | ||
| FIXEDASSETS | |||||
| Tangible assets | 212,067 | 243,639 | |||
| 212,067 | 243,639 | ||||
| CURRENT ASSETS | |||||
| Debtors | 10 | 45,660 | 30,512 | ||
| 45,660 | 30,512 | ||||
| CREDITORS: due within one year | 11 | (2,509,384) | (2,403,620) | ||
| NET CURRENT LIABILITIES | (2,463,724) | (2,373,108) | |||
| TOTAL ASSETSLESS | |||||
| CURRENT LIABILITIES | (2,251,657) | (2,129,469) | |||
| NET LIABILITIES | 2,251 657 | 2,129,469 | |||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 12 | 100 | 100 | ||
| FUNDS | |||||
| Unrestricted funds: |
|||||
| General reserve | (2,251,757) | (2,129,569) | |||
| EQUITYSHAREHOLDERS' FUNDS |
14 | (2,251,657) | (2,129,469) |
| CHARITABLE ACTIVITIES - | SCHOOL | FEES | 2022 | 2021 |
|---|---|---|---|---|
| The school fees income comprises: | ||||
| Gross fees | 2,099,023 | 1,880,996 | ||
| Less: Total scholarships, | bursaries, | etc | (287,533) | (297,336) |
| 1,811,490 | 1,583,660 |
| HARITABLE | ACTIVITIE | S - OTHER INCOME | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Ancillary income: |
||||
| Wraparound | care | 26,537 | 20,038 | |
| Entrance and | registration | fees | 3,975 | 2,695 |
| Extra school | care and SEN | 1,089 | 3,873 | |
| 31,601 | 26,606 | |||
| Non-ancillary | activities: | |||
| Other income | 11,982 | 600 | ||
| Government | Grants - CJRS | 34,719 | ||
| 43,583 | 61,925 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Net expenditure for the |
period | is stated after | charging: | |||||
| Depreciation | 31,572 | 31,983 | ||||||
| Auditor's remuneration |
—audit | 4,850 | 4,620 | |||||
| 5. | STAFF COSTS | |||||||
| 2022 | 2021 | |||||||
| Total staff costs comprise: | ||||||||
| Wages and salaries | 1,166,963 | 1,086,445 | ||||||
| Social security costs | 113,264 | 99,957 | ||||||
| Pension contdibutions |
172,926 | 159,731 | ||||||
| 1,453,153 | 1,346,133 | |||||||
| Number ofemployees: | ||||||||
| The average monthly |
number | ofemployees | during | the period on | ||||
| a headcount basis was: |
||||||||
| 2022 | 2021 | |||||||
| Number | Number | |||||||
| Teaching staff | 30 | 29 | ||||||
| Others | 11 | 11 | ||||||
| 42 | 40 |
| Staff | Other | Depreciation | 2022 | 2021 | ||
|---|---|---|---|---|---|---|
| (Note 5) | Costs | (Note 9) | Total | Total | ||
| Charitable activities |
||||||
| Teaching | 1,248,355 | 57,935 | 1,306,290 | 1,204,334 | ||
| Welfare | 63,439 | 74,209 | 137,648 | 119,065 | ||
| Premises | 70,790 | 268,934 | 31,572 | 371,296 | 377,728 | |
| Support cost of | schooling | 70,569 | 91,458 | 162,027 | 123,585 | |
| School operating | costs | 1,453,153 | 492,536 | 31,572 | 1,977,261 | 1,824,712 |
| Grants, awards | and prizes | |||||
| Total resources expended | 1,453,153 | 492,536 | 31,572 | 1,977,261 | 1,824,712 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 6 | F | |||
| Remuneration | paid | to auditor for audit services | 4,850 | 4,620 |
| Other Governance | Costs | 1,940 | 600 | |
| 6,790 | 5,220 |
| Land and | Under | Computer | Fittings | ||
|---|---|---|---|---|---|
| Buildings Short |
Construction | Equipment | and Equipment |
Total | |
| Leasehold | |||||
| 6 | |||||
| Cost | |||||
| At 1 September 2021 | 182,619 | 96,884 | 251,099 | 530,602 | |
| Additions | |||||
| Disposals | |||||
| At 31August 2022 | 182,619 | 96,884 | 251,099 | 530.602 | |
| Depreciation | |||||
| At 1 September 2021 | 49,531 | 95,454 | 141,978 | 286,963 | |
| Charge for the year | 8,214 | 1,430 | 21,928 | 31,572 | |
| At 31August 2022 | 57,745 | 96,884 | 163,906 | 318,535 | |
| Net book value at | |||||
| 31 August 2022 | 124,874 | 87,193 | 212,067 | ||
| Net book value at 31 August 2021 |
133,088 | 1,430 | 109,121 | 243,639 |
| 1.CREDI | TORS: Amounts fallin |
g due within one | year | |
|---|---|---|---|---|
| 2022 6 |
2021f | |||
| Trade creditors | 9,438 | 47,930 | ||
| Amounts | owed to group undertakings | 1,992,965 | 1,879,657 | |
| Other creditors | 47,039 | 44,067 | ||
| Accruals | 84,476 | 65,128 | ||
| Entrance | Deposits | 37,600 | 32,950 | |
| Deferred | income - fees received | in advance | 337,866 | 333,888 |
| 2,509,384 | 2,403,620 |
| Fixed | Net Current | 2022 | |||
|---|---|---|---|---|---|
| Assets | Liabilities | Total | |||
| Unrestricted | Funds | 212,067 | (2,463,724) | (2,251,657) | |
| 212,067 | (2,463,724) | (2,251,657) | |||
| Fixed | Net Current | 2021 | |||
| Assets | Liabilities | Total | |||
| Unrestricted | Funds | 243,639 | (2,373,108) | (2,129,469) | |
| 243,639 | (2,373,108) | (2,129,469) | |||
| 29 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | ||||
| Opening | shareholders' | funds | (2,129,469) | (1,950,342) |
| Net movements in funds |
(122,188) | (179,127) | ||
| Closing | shareholders' | funds | ~2,251,652 | ~2, 129,469 |