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||Page|
|---|---|
|Companyinformation|1-2|
|Directors'report(incorporatingtheStrategicReport)|3-14|
|Independentauditor'sreport|15-18|
|Statementoffinancialactivities|19|
|BalanceSheet|20|
|NotestothefinancialstatementsoftheCompany|21-33|
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|DirectorsandTrustees|MrMRSlumbers(Chairman)|
|---|---|
||MrsA-MEdgell(resigned23June2023)|
||MrRWCrawfordClarke(appointed1September|
||2023)|
|Secretary|MrsHBetts|
|CharityNo.|1155150|
|CompanyNo.|08808550|
|PrincipalAddress|BroadwaterRoad|
||Worthing|
||WestSussex|
||BN148HU|
|RegisteredOffice|LancingCollege|
||Lancing|
||WestSussex|
||BN150RW|
|Head|MrsHeatherBeeby(resigned31August2023)|
||MrsFrancescaMilling(appointed1September|
||2023)|
|Bursar|MrMarkMilling|
|Auditor|RSMUKAuditLLP|
||Portland|
||25HighStreet|
||Crawley|
||WestSussex|
||RH101BG|
|Bankers|BarclaysBankplc|
||1ChurchillPlace|
||CanaryWharf|
||London|
||E145HP|
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||2022/23||2021/22||
|---|---|---|---|---|
|PreparatorySchool|133||121||
|Pre-PreparatorySchool|74||73||
|Total|207||194||
||2022/23||2021/22||
||Boys|Girls|Boys|Girls|
|PreparatorySchool|70|63|65|56|
|Pre-PreparatorySchool|39|35|35|38|
|Total|109|98|100|94|
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|||2023|2022|
|---|---|---|---|
||Notes|Unrestricted|Unrestricted|
|||Funds|Funds|
|||£|£|
|INCOME||||
|IncomefromCharitableActivities||||
|Schoolfees|2|2,076,690|1,811,490|
|Ancillarytradingincome|3|66,402|31,601|
|Non-ancillarytradingincome|3|3,924|11,982|
|TOTALINCOME||2,147,016|1,855,073|
|EXPENDITURE||||
|CharitableActivities||||
|Schoolsandgrant-making||2,284,974|1,977,261|
|TOTALEXPENDITURE|7|2,284,974|1,977,261|
|NETEXPENDITUREFORTHEPERIOD|4|(137,958)|(122,188)|
|Fundbalancesbroughtforward||(2,251,757)|(2,129,569)|
|FUNDBALANCESASAT31AUGUST||(2,389,715)|(2,251,757)|
||||2023||2022|
|---|---|---|---|---|---|
||Notes|||||
|FIXEDASSETS||||||
|Tangibleassets|9||265,151||212,067|
||||265,151||212,067|
|CURRENTASSETS||||||
|Debtors|10|45,599||45,660||
|||45,599||45,660||
|CURRENTLIABILITIES||||||
|Creditorsduewithinoneyear|11|(2,678,292)||(2,509,384)||
|NETCURRENTLIABILITIES|||(2,632,693)||(2,463,724)|
|TOTALASSETSLESS||||||
|CURRENTLIABILITIES|||(2,367,542)||(2,251,657)|
|LONGTERMLIABILITIES||||||
|Creditorspayableafteroneyear|12||(22,073)|||
|NETLIABILITIES|||(2,389,615)||(2,251,657)|
|CAPITALANDRESERVES||||||
|Calledupsharecapital|14||100||100|
|FUNDS||||||
|Unrestrictedfunds:||||||
|Generalreserve|||(2,389,715)||(2,251,757)|
|EQUITYSHAREHOLDERS'
FUNDS|16||(2,389,615)||(2,251,657)|
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|Leaseholdland|-Overtheshorteroftheeconomiclifeoftheassetorthe|
|---|---|
||lifeofthelease|
|Computerequipment|-25%oncost|
|Fixturesandfittings|-between4%and25%oncost|
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|ARITABLEACTIVITIES-SCHOOLFEES|2023|2022|
|---|---|---|
|Theschoolfeesincomecomprises:|||
|Grossfees|2,366,274|2,099,023|
|Less:Totalscholarships,bursaries,etc|(289,584)|(287,533)|
||2,076,690|1,811,490|
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|CHARITABLEACTIVITIES-OTHERINCOME|||
|---|---|---|
||2023|2022|
||£|£|
|Ancillaryincome:|||
|Wraparoundcare&holidayclubs|30,244|26,537|
|Entranceandregistrationfees|4.895|3,975|
|Extraschoolcare—LearningsupportandMusic|31,263|1,089|
||66,402|31,601|
|Non-ancillaryactivities:|||
|Otherincome|3,924|11,982|
||70,326|43,583|
|ETEXPENDITUREFORTHEPERIOD|||
||2023|2022|
||£|£|
|Netexpenditurefortheperiodisstatedaftercharging:|||
|Depreciation|34,603|31,572|
|Auditor'sremuneration—audit|6,700|4,850|
|AFFCOSTS|||
||2023|2022|
||£|£|
|Totalstaffcostscomprise:|||
|Wagesandsalaries|1,250,375|1,166,963|
|Socialsecuritycosts|117,227|113,264|
|Pensioncontributions|195,707|172,926|
||1,563,309|1,453,153|
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|Theaverage monthlynumberofemployee
aheadcountbasiswas:|sduringtheperiodon||
|---|---|---|
||2023|2022|
||Number|Number|
|Teachingstaff|33|30|
|Others|14|11|
||47|41|
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||Staff|Other|Depreciation|Depreciation|2023|2022|
|---|---|---|---|---|---|---|
||(Note5)|Costs|(Note|9)|Total|Total|
|||£||£|£|£|
|Charitableactivities|||||||
|Teaching|1,345,245|119,007|-||1,464,252|1,306,290|
|Welfare|77,814|89,490|-||167,304|137,648|
|Premises|48,191|376,835|34,603||459,629|371,296|
|Supportcostofschooling|92,059|101,412|-||193,471|162,027|
|Schooloperatingcosts|1,563,309|686,744|34,603||2,284,656|1,977,261|
|Grants,awardsandprizes|-|318|-||318|-|
|Totalresourcesexpended|1,563,309|687,062|34,603||2,284,974|1,977,261|
|.GovernanceCostsincluded|insupportcosts||||||
|||||2023||2022|
|||||£||£|
|Remunerationpaidtoauditorforauditservices||||6,700||4,850|
|OtherGovernanceCosts||||6,296||1,940|
||||12,996|||6,790|
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||Landand|Computer|Fittings||
|---|---|---|---|---|
||Buildings
Short|Equipment|and
Equipment|Total|
||Leasehold||||
||£|£|£|£|
|Cost|||||
|At1September2022|182,619|96,884|251,099|530,602|
|Additions||44,205|43,482|87,687|
|Disposals||-|-||
|At31August2023|182,619|141,089|294,581|618,289|
|Depreciation|||||
|At1September2022|57,745|96,884|163,906|318,535|
|Chargefortheyear|8,213|4,912|21,478|34,603|
|At31August2023|65,958|101,796|185,384|353,138|
|Netbookvalueat|||||
|31August2023|116,661|39,293|109,197|265,151|
|Netbookvalueat
31August2022|124,874||87,193|212,067|
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||2023|2022|
|---|---|---|
|Feedebtors|5,375|21,492|
|Tradedebtors|100|1,500|
|Prepaymentsandaccruedincome|35,313|22,668|
|Otherdebtors|4,811||
||45,599|45,660|
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||2023|2022|
|---|---|---|
||£|£|
|Tradecreditors|58,463|9,438|
|Amountsowedtogroupundertakings|2,120,875|1,992,965|
|Othercreditors|50,471|47,039|
|Accruals|10,895|84,476|
|Entrancedeposits|47,000|37,600|
|Deferredincome-feesreceivedinadvance|375,873|337,866|
|Financelease|14,715||
||2,678,292|2,509,384|
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|2.CREDITORS:Amountsfallingafteroneyear|||
|---|---|---|
||2023|2022|
|Financelease|22,073||
||22,073||
|.FINANCELEASEOBLIGATIONS|||
||2023|2022|
|Amountsfallingdue:|||
|Within2to5years|7,358||
|Within1to2years|14,715||
||22,073||
|Within1year|14,715||
||36,788||
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||Fixed|NetCurrent|2023|
|---|---|---|---|
||Assets|Liabilities|Total|
||£|£|£|
|UnrestrictedFunds|265,150|(2,654,765)|(2,389.615)|
||265,150|(2,654,765)|(2,389,615)|
||Fixed|NetCurrent|2022|
||Assets|Liabilities|Total|
||£|£|£|
|UnrestrictedFunds|212,067|(2,463,724)|(2,251,657)|
||212,067|(2,463,724)|(2,251,657)|
|ECONCILIATIONOFMOVEMENTINEQUITYSHAREHOLDERS'FUNDS||||
|||2023|2022|
|||£|£|
|Openingshareholders'funds||(2,251,657)|(2,129,469)|
|Netmovementsinfunds||(137,958)|(122,188)|
|Closingshareholders'funds||(2,389,615)|(2,251,657)|
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