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||||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|
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|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||
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|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|
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||||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)|
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|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|
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|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|
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||||||||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|
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|||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|
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||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|
##
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|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|
##
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||||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|
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