2022-08-31-accounts

Charlty Reglstrallon No. 1163491 Company Registration No. 09561129 (England and Wale51 LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees W Telford, chairman J Brooks LA HaNey S A Ogden A Clarke J M Light H Moore S Bonell Headmaster R l Blewitt Bursar and Company Secretary T E Laker Charlty Number 1163491 Company Number 09561129 Reglstered Office & Prlncipal Address 140 High Street Lewes Éast Sussex BN7 IXS Audltors TC Group The Courtyard Shoreham Road Upper Beedlng Steyning West Sussex BN44 3TN Bankers Lloyds Banking Group 82 High Street Lewes East Sussex Sollcltors Mayowynne Bax 3 Bell Lane Lewes East Sussex BN7 IJU er

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) CONTENTS Page Chalrman's Statement Trustees, Report (incorporating the Strategic Report) ststement of Trustees. Responsibilities 17 Independent Auditorfs Report 18 Statement of Financial Activltles 22 Balan¢e Sheet 23 Cash Flow Statement 24 Notes to the Accounts 25

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) CHAIRMAN'S STATEMENT They say that as you Bet older time passes more quickiy, and it seems to me to be particularly true In relation to my time as chair of trustees at LOGS. This 55 the fourth, and final, occasion for me to introduce the annual report and accounts for Lewes Old Grammar School as I retire at the annual general meeting. It seems as if the year, and my period as chalr has flown by, but l am sure that to the teacheis and students - and thelr parents - it has been another h3rd slog. Covid has still impacted school life an(1 latterlyflu and related Illnesses, but we have seen, in general a return to normal school lffe. More details are included in the full Trustees Annlsal Report. A key part of our role as tru5tee5 ha5 been to plan to make the school fiwranclally sound, withln the physltal restrictlons of belng a town-ba5e(i school. We have Invested heavi￿, but prudently, in property with development5 such as the YMCA and the sixth form buildings now providing excellent faciliiies. The work on Mead House during the summer has been exceptionally well received by the staff as it has improved their facilitles. Tim Laker and the operations team are to be congratulated on accomplishlng these tasks and the move of the operations team to 144 Hlgh Street on tlme and within budget. On the academlc side, our one school on ￿ Shtes continues to provide an excellent educatlon to pupils from reception to year 13. On bèhalf of the trustees, parents and pupils, I would like to thank Robert Blewitt, the headm25ter and hls team for all their efforts both in the classroom. on-line and elsewhere for all the hard work whlch went into making last year $0 successfuS. I think particular thanks are due to Carrie Whyte and her team fortheir work In developln8 the junior school during her absence. In addition to my forthcoming retirement as chair, this year ha5 seen the retlrement of Andrew Ogden as trustee. Like me Andrew is a parent of ex-pupils. He has been a trustee since 2014 and has glven wide counsel and support over the years. His sense of humour and willingness to challenge will be missed. Thankyou. Andrew, forall you have put into the school over the years. Enjoy your retirement. Andrew was vice-chair until his retlrement, and Sue Bonnell replaced him in November. Sue will become chalr at the annu31 general meeting. Although Sue is relatively new to LOGS, she has wide experience in the educatlon sector having PTeviously been a bursar at Battle Abbey. She is also an ISI inspector. She has been a breath of fresh air and won the respect of the leade￿hIp team as well a5 the trustees. I wish her well in her new role. I will continuè as a trustee for a further year and would like io thank myfellow trustees, staff an(i parent5 for their support during my time as chair. and I look fornard to reading Sue's report this time next year. We will need to ￿¢rUIt new trustees durlng the year to replace the current Tesignations and there will be vacancies for parent trustees. Full details Df the financial and other performance are included in the attached trustees, report and financial statements.

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) CHAIRMAN'S STATEMENT I cannot close this report without reference to the recent announcement from Sir Kelr Stsrmer concerning Labour party plans for private education. The trustees, and senior leadership team, are cornmwtted to tontinuing to provide the education which LOG5 has a￿a¥S provided, whatèver thls new environment turns out to be, as and when, or indeed if, a Labour government is elected. Our r￿k assessments and financlal plannlng will continue to consider the prartical implicatlons as announcements aTe made and details clarified and parent5 kept informed. Bill Telford, Chair of Trustees Date.. 28 Marth 2023

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING THE STRATEGIC REPORT) The Trustees present thelr annual report together wtth the audited financi31 statement5 of the company for the I September 2021 to 31 August 2022. The Annual report seNes the purposes of both a Trustees, report and a dlrectors, report under company law. The Trustees confirm that the Annual report and financlal statements of the charitable company comply with the current statutory requlrements, the Tequirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS1021 (effective l January 2019)- Obl￿tiveS and actfvltles a. Our Vlslon Lewes Old Grammar School alm5 to provide a first class educatlon where individual pupil's strengths, potentlal and interests are identified and developed in a nurturing environment. This is underpinned by the school being a place of trust and respect where all staff take an attive interest in the splrltual, moral, social and cultural development of every student. Our Motto is "Floreat Lewys. (Lewes Flourlshes} which captures the essence of the values that underpin our endeavours to give everyone the opportunty to develop integrity. energy, honesty. confidence and enthuslasm in pursuit of our mi55ion.Enter text here- user input In setting objectlves and planning for activities, the Trustees have glven due consideration to general guidance published by the Charity Commission relating to public benefit, Including the guidance 'Public beneht.. running a charity IPB21'. b. Our Mission The school's mlssSon 15: to encoura8e pupils to work hard and enjoy the process of learning In order to make the most of thelrt31ents in a variety of areas- academlc, cultural, art15ti¢, spiritual and sportin& • to give pupils the opportunityto be involved In making decision5 about their work, leisure and foster Independence of thought and action; • to select pupils who are able to benefit from the range of opportunltles provlded and contribute to the Ilfe of the Schoo5; to entourage an appreclation of different communities and cultures and promote international understandi to teach pupils to respeci other people, their PToperty and thelr beliefs so that they are honest and trusting of others; • to ensure that they are taught the importance of the fundamental British values of tolerance, democracy* the rule of law, and indlvidual Ilberty:

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING THE STRATEGIC REPORT) Oblectlves and actlvitie5 Icontlnuedl to give individuals a clear Sense of right and wron& make pupils aware of social responsibilitie5 and praise 2nd reward good effort, work and behaviour; to ensure that pupils obtain the best Possible qualifications and enable them to move with confidence into Higher Education and ultimately into successful careers- to be a caring community which produ£e5 well adjusted indivlduals frt to cope with the demands of the modern world,. • to encourage and support the development of all staff: to welcome parents, Contributions to all areas of School life and assure good lines of communication Lewes Old Grammar School alms: To develop inqulsltive thinkers with a lifelong love of learning who cherish independent thought: To enable students, t31ents to develop through dolng and making • To foster indlviduality and encourage initiatwe and creativity alongside an awareness of the needs To enable students, fomier students, Parents and staff to take pride in the community's distinctiveness, To foster interest beyond the school and international awarèness engaging with the local community and dèveloping a natlonal d. Strategies The principal objective of Lewes Old Grammar School 15 to remain a strong, integrated community moulded by each Individual pupil's aspirations and needs, providing them with the opportunkty to maximise thelr academic achievement and to leave sthool equipped to facè the challenges of adulthood with confidence. The immediate prioritiès in the post Covid world was to ensure that 311 those that had joined in the previous year were helped to understand the normal way for the School to functh)n. We needed students to become more accusiomed to normal teaching arrangements and to move around the school rather than remain in their bubbles. Parents, Evenings became face to face and personal visf(s of prospectrve parents and the sitting of Entry Tests returned . e. Actlvitles De5Plte "normalit￿ not fvlly returning we managed to organise ? number of foreign trips broadening the experience of nearly 50 student5 Year 10 students in the Arctic snow of Finland and rewarding nearly 50 Year 9 students who had most lived up to the School's values. Foreign travel is seen by us as an essential way of fostering interests beyond school and to develop a national and international awareness of other culture5. We were 3150 pleased that we could conduct our Whole School Walk for the first time in 3 year5 raising over £6000 for charities and to host an in person rather than virtual

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING THE STRATEGIC REPORT) prize 8ivlng ceremony spread over2 nlghts to mitigate the riskof lar8egatherlngs. All of these activtties alongside sports days and music performances help to bond the community together. l. Achlevements and Performance Public examination resulrs were in line with expect8tlons rellecting considerable hard work by both staff and students. Those leaving the sixth Form athieved 77% of thelr A Level grades at either A. The grades for this cohort at BTEC were even more impressNe with 91% of the grades at either Distinction or D￿tinCtion* level. These excellent results enaljled the majuTity of students to progress on to the first Chol￿ universlty with Oxbridge and Russell Group universities flrmly represented. This is the first time in 3 year5 for grades to be awarded by external assessment rather than through TAGS and CAGS. These results, as well as being very strong, are not vastly different to those awarded through internal assessment confirming the integrtty of the process employed in the previous years. Year % of A Level grades % of BTEC grades DistinctSon' and Distinction. 66% 2020 2021 74% 2022 77% 91% The results at GCSE were equally pleasing wlth 48% of the grades being at 7 or above with a pass rate belng 97%. This confirms that the teaching stretched the more able students and the hlgh pass rate was particularly pleasing corlfirming that the school meets the neèds of those across the abilty range. These result5 can once again be contextualised against the previous 2 years confirming the professional approach utili5ed with internal assessment. Once again the grade5 are worthy of celebration with both staff and students bein8 pralsed for their hard work and consclentious approach. Year % of GCSE grades 7 or above 51% % of GCSE grades at 4 or above 98% 2020 2021 54% 97% 2022 97% The 2021-2022 academic year saw a welcome return to 'normalIt￿ In the classroom in terms of teaching and learning routlne5 and plannlnB for academic outcomes. However, the pandemic years have had a significant effect on young people's preparedness for classroom normalty,. our priority at

LEWES OLD GRAMMAR SCHOOL TRUST {LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCORPORATING THE STRATEGIC REPORT) the beginning of the 2021 2022 academic year was therefore to focus on cla55room and lesson routine5 returning to the fundamentals of how we aehieve purp05eful learning: effective and engagins lesson openings that enable teachers to assess what ha5 been understood and retained from the P￿vIouS lesson Ipandemic learning conditions have definitely affected pupils, knowledge- retentlon skills). and clearw srgnposted lesson stages. A second area of focus in 2021-2022 was to ensure that we provide challenge and 5UPPOrt 3t all levels a5 part of quality first teaching. We focused in INSET on scaffolding and modelling method5, and on different kinds of differentiation. Scaffolding and rnodelling always essential to effective teaching and learning - has proven even more invaluable in pluBging Covid learning gaps and we continue to w¢Jrk on these dynamic peda8ogical tools. One addition to our iechnological ability to delwer effectlve modelling has been the procurement of several visualisers which have enabled a range of teachers to make student work or their own unfolding handwrltten work vlsible to pupils on the board. Marking and effective formative feedback was a third area of focu5 in 202112. Departments have created their own feedback sheets and procedures, including setting aside significant time within feedback lessons $0 that pupils ¢an work with and reftect on feedback. This continues to be an are8 of focus in 2022- 2023. Very pleasingly, we were able to devise subject-spectficfine-grading tools in 2021 2022 and implement these in exam marking and end-of-year reporting for KS3 this significant augments our, pupi15' and parents, ability to understand how secure a pupil 15 Within a grade, and what they need to do io slrengthen skills and knowlèdge within that grade descriptor. We wlll implewnent fine gradlng in Year 10 this year. It is huge progress that we have done suff icient work on grading to have now moved away from the model of the average LOGS student - next Steps involve implementing effective target review processe5 using CATS and teacher assessment to ensure we are measuring student progress against appropriately aspirational targets. A very successful element of last academic year was our Ecf programme - OUT inaugural Ecf cohort were mentored to a very high standard and participated in a programme of workshops which continue thi5 year. Our programme was 3150 inspected by Istip and we received a glowing report. The pastoral team continued to help students manage the challenges of school life after COVID. providing the emotional suppurt required to help forge good mèntal health and wellbeing. Pastoral surveys provided evidence to help steer appropriate interventions and the emphasis on Core Values was tirrn￿ inculcated in the student body. SignlFicant strides have been made this year in the promotion of equality, wlth our students developing the integrity, energy, honesty. confidence and enthusiasm to challenge inequality and to embrace diverslty. We are successful in building in our students"a strong senso of self" but also ensuring that they understand the importance of community, teamwork and service. We hève made further progress in finding the correct balance between fostering and celebrating our students, individuality and helping them appreciate the Tights of the individual and the individuays responsSbility to the School community. Progres5 has been made ensuring that the students, voice is heard and treated with respert.

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING THE STRATEGIC REPORT) Oblecti¥os and activltles (continued) The School promotes a values driven education ensuring our students develop holistically: spirStually, morally• 50ci3lly and culturalty. We have seen further progress In equipplng our stUde￿ts that leave with these values being empowered as good citizens, able to clarify their own beliefs, to tske considered risks, to think and speak forthemselves, and to listen thouBhtfully to others, viewpoints. Junlor School Thls year Saw a return to some famlliar school aciivlties at the Junior School, post Covid. Stability and routine were key as children transitioned from the highly structured Covid bubble 5VStem to a more free-flow setup both in the cla55room and playground. Ensuring that all children were accessing off- siie learning opportunities, whlch had not taken place the previous year, was at the forefront of the school's objectives. Creating opportunities for parent5 to partake in school celebrations was also paramount and adaptations were made to stsging to ensure school produrtions could take place safety- A full calendar of Forest School se55ions were completed, using a new site at Iford and the Year 6 residential took Pla￿ after 3 yearfs break. Events such as the EYFS Teddy Bears Picnlc, School Assemblies and Science Week Student Museum provided much needed opportunwties for parents to reconnect wlth the school and staff. The rlslng concern about Covid numbers before Christmas meant that the CarDI Concert and Nativity were held on an outdoor stage to allow parents to attend whilst mitigating the risk of infection. Assessments at the start of the academic year highlighted a trend irs lower Maths and Reading scores. After a strong focus on collaboratwe learning and emotional health in the prevlous academic year. a decision was made to address gaps in knowledge and development created during lockdown home learnlng. An extra period of Maths teachinB was established in Years 1-6 and teaching staff were briefed to use planning from prior years fflwhen necessary to support any gaps in understanding. A new post was created: Readlng SupeThisor. Thls teaching assistant role incSuded responsibiltties such as establishing guided reading groups, working with reluctant readers and involvement in the East Sussex Book Award providing opportunbtles for outstanding readers to access challenge. The school moved to the New Group Readlng Test INGRTI online asse55ment and a more frequent assessment Calendar for reading was estsb_1is￿e_djQvauge the effectiveness of the Increased reading input across the school. Reading ages from the NGRTwere collected three times duringthe yeai and this increased data helped to ascertain children who mlght benefit from SEND support.

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) TRUSTEES, REPORT IINCORPORATING THE STRATEGIC REPORT) Objectives and actlvlties Icontinuedl Currlculum developments included an enhanced scheme of work for RE whlch ran alongside regular assemblies, introducing chlldren to key religious celebrdtions. A vlsual calendar of religious events was Set up in the school building. Art planning was adapted to ènsure there was a clear progresslon of skills across the s¢houl, with currlculum link5 wheTe possible. An ijpdated E-safety curriculum was also created using planning guidance from the National Online Safety platform. Resources from this platform were also used to support safeguardin8 matters linked to E-safety and to create an in-school E-safety presentation for parents, who were then encouraged to use the platform'5 resour￿5 to support their children at home. Developwnent5 in the SEND departmènt focussed on staff tr8lning and development. IMSEttraining on creating a dyslexia friendly classroom led to long term improvemenrs In induslve teaching across the school. Resources such as tinted exerclse books, buff whiteboard screens, larger fonts and prompt materials are now Wide￿ established in every classroom. External specialists 'TouTettes Action, delivered thought provoking training to all staff on the impact of this condition and associated anxiety and OCD. Thi5 in turn helped to establish a framework of support for specific students. Teacher ensagement in SEND support for their class was further strengthened through the use of Edukey Provision Map 50ftware, used to document classroom ad3Pt3tions, such as teacher check-ins, word mats and braln breaks. The introduction of a 'Special Considerations, box In Medium Term planning documènts also ensured that teachers were formulating planning with student needs at the forefront, increasing access to the curriculum. 8. Plans for the future Senior School The 2022 2023 academic year will build signrficantly on many of the areas of focus embarke(l upon in previous years. We have planned two significant te3¢hing and learning INSETS and have carved out space wlthin our CPD for a focus on teaching and learning.. in September, a carousel of sessions on effective classroom practice5 from behaviour management to modelling and scaffolding and, In January, on SEND profiles within our school and how to cater for the neurodiverslty of our pupils through qualtty first tèaching strategies that benefit all pupils. Our focvs this year is very much on celebrating and enhancing our pedagogical inclusivity in relation to neurodiversity. Objectives and activities lcontlnuedl Under the umbrella of inclusTvity 2nd quality first teèching, we alm to set up a pilot coaching programme to begin to implement Sn our school opportunitios for teachers to partner with one another to work on aieas of practice. We also want to consider our technological resources.. emerging out of the SEND INSET, was a strong consensus among teachers that havlng tablets in the classroom would assist us in so many ways to 5UPPOrt SEND pupils and a150 to run lessons more effectively in terms of reEiStering students and noting down pupil departures to the health Centre etc. at present, these logging requirements interrupt the lesson signrfi¢antly. We would abo like a bank of visualisers and to do more work on training staff to model effectively.

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) TRusfEES' REPORT (INCORPORATING THE STRATEGIC REPORT) An ongoing target is centralisation and use of data on ISAMS for effertivè tracking and planning. We have had a session with ISAMS and HOFS have agreed to move forward with grade book5. Ed Baigent has taken on the development of this and other modules within ISAMS and we expect io make significant pro8res5 Wtth this before the end of the academic year. Junior School Next academic year, there will be a focus on transltions. notjust between Year 6 and 7 but also at key polnts in the Junior School such as EYFS to Year l. There will be an increasèd foojs on sharing of good practice between staff to help support this Initiative, as well a5 a progTamme of transition activities throughout the year to familiarise students with the Senior School building and staff. Staff CPD will focus on Specific trainlng to support pupils wlth ASD and ADHD, in addition to handwriting tTainingi and the development of Higher Order Thinking Skills. As we seek to bring back the full breadth of the curriculum there will also be a foeus on subject leaders adding extra value to curriculum areas with workshops, visits and hands on learning experiences. Our Forest School programme will be expanded to encompass a broader range of Outdoor Learnlng experiences. Pastoral The strong pastoral support established in the last academi¢ year continued, with more frequent'chill and Chat, and Time to Talk, Se￿lOn5. The role of Emotional Support TA wa5 further developed with this member of staff enrolling on the 'Place to Be, counselling course. The NSPCC'Speak Out Stay Safe campaign was completed and a worry box system established alongside this which has proven a useful way for puplls to raise concerns. With inclusion at the forefront of the whole school development plan, the Juniorschool celebrated its first 'Oiverse Book Week,, an OPPDrtunity for the Library to showcase the more d5verse titles on offer and for students to present these in assembly. Marking Anti-bullying week and World Mental Hearth Day with charty collections and pupll actlvitles further 5UPPOrted th15 initiative.

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING THE STRATEGIC REPORT) Objectlves and actlvltles Icontinuedl h. Overall In all ways, th8 School ha$ moved forward. Admissions continue to grow tt)nfirming that the School presents a strong preferance for many parents and the progress made this year should ensure that this 1$ Sustained. Publi¢ Benefft a. General The Truste￿ tonfirm that in furtherance of the Charity'5 aims they h8ve ha(J due regard to the Charlty COMMI￿10n,S published guidahce on public benefit as required by the Charities Act 2011. b. Scholarships. awards and burnarles The School offets scholarship5, awards and bursarles on the basis of fjnancial need and pupivs educational ability or talent. Bursaries are awarded for financlal reasons, such as new students joining the SchDoI to assist families who would otherwlse not be able to access the education we offer. Requests are made by the completion of an application process which is administered by a thlrd party prior to a final decision by the Bursar. This may requiTe the Bursar tovisttthe home of the applicant. MO￿ awards are forfinancial reè50ns where parents could not afford to send their child to the School WTthout help or rf a parent suffers immediate financial hardship. These children are an asset to the School and are encouraged by our ethos of helping provSdè education to as wide a spectrum of children as possible. The bursary awards range from IO% to 90% remls5ion of fees. Scholarships are awarded to pupils with academic. sporting and musical excellence. The charity provided £2.07m of bursaries, awards and scholarships during thi5 financial year down from £2.17m in the previous year. The criteria for granting these awards included academic, sporting and musical excellence and supporting current parents who experienced financial hardship. t. Use of school facllltie5 and Hosting pyblk events in the community The school also makes space avallable for clubs and societies to use Dutside normal school hours within Lewes and the surrounding area. The acquisition of our new facilities aid5 the school in charitable offerings to the local communlty. The school also organises events to which the public are invited, such a5 school productions and 8ue5t speakers. io

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE} TRUSTEES, REPORT (INCORPORATING THE STRATEGIC REPORT} d. Savings to national and local government The Trustees also consider it is Important to reco8nise the indirect benefit to the public which arlses fTQrn the School educating 697 pupils, the cost of which would otherwise have fallen on the state. The 697 pupils the School educated during the year s2ved the public purse an estimated £3.5m. based on an average state education grant of £5,000 per pupil. A5 a charlty rhe parents of our pupi15 have the assurance that all the Income of the School must be used for educational purposes. We enjoy tax exemption on our educational activities and investment Income. provided these are used for educational purposes. We 21so reCe￿e an 80% reduction in our business rates on the property we occupy for charltable purposes. The financial benefits we receNe from these tax exemption5, estimated at £0.12m. are all applled for educational purposes and Indlrectly help malntain our bursary scheme. As an educational charity and being exempt for VAT purposes we are unable to redaim any input VAT tsx. As an employer we also pay national insurance contributions. These two items are estimated to cost the School £0.77m. Fknancial revlew a. Key Flnanclal Performance Indlcators Fee income was up by 15% which was prlmarily due to the increase in numbers12021122 697 12020J21- 6561. The fee increases fo¥ the school year announced in April 2021 was 4.8%. In 2020121 we had kept termly fees at the prlor year level. The relaxation of Covid restrictions and the return to normal levels of attivity resulted in increases in the income from trips and events and catering lalso with the consequent increases In costs for these actNitiesl. We were grateful for the support of our parents. including the new parents. in recognising the value of a LOGS education which resulted in the increase in numbers and the fact that we were able to reduce the amount of discretionary award5 against fees. Bursaries for those in rteed and awards for academlc and other excellence continue to be avallable. Our costs also rose Sn 2021122 by 16.7% in total, including an Increase in teaching costs of 14.5%. Teacher numbers increased slightly as dld other areas. We recogni5è the importance of maintaining approprl8te"staff-I pupil rations-and-investing in our staff,-partiGular.ly thos&w4thllrect_contacLwiih the pupils on a day-to-day basis. Academic year 2021122 saw another increasè In our investment In premises wlth the addttion of £1,700,865 conslsting almost entSrely of the purchase of 144 High Street, Lewes, and the conversion of the Mead House attic. This investment resulted in an Increase in our boriowings outstanding at the end of the year of £771,910. TheTe was also 3 charge of £158,752 for repairs and renewals to our buildings and grounds, as we made signlficant improvements to areas within the senior schoL)I. li

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCORPORATING THE STRATEGIC REPORT) Overall, the Surplus for the year was £642,22712020121 £516,303). The Trustees are con5CIOUs of the need to have funds available to cope with the current economit uncertainties and to enable continued investment in property and people to enable LOGS to continue to provide our special education. The nature of accountln815 such that the fees for the autumn term of £1,944,976, whl¢h are involced before the school holidays are included in debtors as they are due on invoicing, and indeed In some tases have already been paid before the end of term. They are also included as creditors in Accrua15 end deferted incomelsee note 141 as they relate to the next academic year. This slightly distorts the ratio between current assets and current liabilities but the Trustees are confident that cash in hand of £2.659,898 on 31 August 20221£2,800,4111 and net Current assets of £781,59612021 £1,229,229) are suffitlent to meet the working capital needs of the Trust. b. Investment pollcy and performance The Trustees have agreed an investrnent pollry to keep surpluses in cash or on shDrt term dep051t. 50 a5 to improve the liquidity of the Trust. c. Going Concèrn After rnaking appropiiate Enquiries, the Trustee5 have a reasonable expectation thatthe cotnpany has adequate re50urcestocontinue in operational existence fortheforeseeable future. For this reason, they continueto adopt the£oingconcem basis in preparingthelinancial statements. Furtherdetails reEardingtheadoption of the going concern basis can be found in ihe accountlng policSes. d. Re5erve5 poIIcv The Trustees regularty review the financial results and positlon, agalnst budget and forecast, and an annual five year Long Range Plan as part of their stewardship of the School. In recent years con5Tderable sums have been invested in new School building5 and the upgrading of existing buildings and IT infrastrutture, to improve the teaching and pastoral facilities for our pupils. This form of Investment will continue, although there will be Ilmlted capStal expenditure In academic year 2022123. However. theTru5teeswantto ensurethefree reserves (Net CurrentAssets- unre5trictedl oftheschool continue to improve. to provide enough fvnds to alleviate any rlsks that could materialise. With this in mind, theTru5tees planned to have free reserves of £50Q,000 by the academic year 2022123. This level has been achieved earller than plènned wlth 202U22. standing at £753.796. It is expected to continue at a simi13r level for 2022]23. The Tnjstees considered the Charity has sufflclent assets tg meet the requirements to fund the ongoing development of the School. The Chartyalso has a School Comblned Insurance poliry, coverlng property damage and buslness interruption. e. Funds held a$ custodlan There are no funds held outside of Lewes Old Grammar School Trust or bythe Charity on behalf of third partie 12

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) TRUSTEES. REPORT IINCORPORATING THE STRATEGIC REPORT) f. Related party relalonshlps The details of the Charivs transactions with related parties are set out In note 25 to the financial Statements. g. Trustew indèmnities The Trustees, Dlrectors and Officers have thlrd party Indemnny provlsion up to £2.OCQ.000 durlng any period of Insuran¢e frorn AXA Insurance Policy Number BM MLP 7059723. Structurej governance and management . Constltutlon Lewe5 Old Grammar School Trust (the Charttyl is registered as a Company Limited by Guarantee, with the liability of its members limited to £1 each by guarantee and was Set up by a Memorandum and Articles of Association deed on 25 April 2015. The Charity has 3 registered charity number 1163491. The principal object of the Charity 15 to provide the advancement of education of children at Lewe5 Old Grammar School. The school operates two Schools, the Senior School in the High Street. Lewes and the Junior School in Morley House, King Henry's Road. b. Governan¢e and management The company is run in accordance with the Articles of Association by a Board of Trustees (the Board) of at least 5 members and not more than 15. The names of the current Trustees are given on page l. New trustees are appointed by the Board, on the basis of their eligibility, personal competence, specialist skills and local knowledge. The composition of the Board is kept under constant review by the Board. The Board are artively looking for new Twstees wtth spectPic skill in Independent Educatlon, Health related to child development and Estates. Trustees retire at the fiTSt annual general meeting after their appointment, 2nd, if reappointed, by rotation every three years. In general. trustees can only stand for re election, for a maximum of three further terms. 13

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCORPORATING THE STRATEGIC REPORT) Structurej governan￿ and management Icontlnuedl The Board meets onee a tem as a minimum lo formally review the companV8 aff8lr$ 2nd to receive reports from the head and ils committees. There are currently four commillees of the Board,. The Nomination5 and Remuneratlon Committee (Chalr Andrew Ogden},. The Finance and Property Committee (Chair 105eph Lightl The Education Commlitee Ichairjanine Brooks) and The Health and Safety Committee (Chair Joseph Llghtl Thèse Board meeting5 comprise trustees, and as appropriate teacher5 and other members of staff. The head5 of the Senior and Junior schools attend the Board and flnance and education committee meetings. In addition to the committees, Amanda Clarke acts as SafeEuardln8 Trustee and she is supported by other trustees as appropriate. The compositlon and terms of reference of these committees are kept under regular review and the chairs are elected annually at the annual general meeting. The day to day running of the School is delegated to the Headmaster, assisted by the Senior Leadership team ISLTI. with strategic decisions belng taken at Board level, takinE into account advice from the SLT. The Chartty encour3ges all employeesto be fully invoived in the affairs of the school and both teaching and support staff meet regularly to ensure efficient and constructive communication at all level5. Robust policies exist to fu￿11 the Charl￿S commitment to develop diversity of staffing acr055 all disciplines through equal opportunity pglicies, tralnlng and practical action. c. Policies adopted for the Inductlon and tralnlng of Trustees New Trustees are indurted into the way the School works by di5CUS5ion with the Chair of Trustees, The Head and the Bursar who is also the Clerk to the Board. They receive an information pack about the S¢hool and its objectwes as well as the Guidelines for Governors, issued by the Association of Governing Bodies of Independent Schools IAGBISI and approved by the Independent Schools Councll IISCI, and the TTUStees,' Handbook of practice5 and procedures specifit to Lewes Old Grammar School. All trustees undertake regular safeguarding training and are a150 encouraged to attend training courses for new GoveTnors and all Govemor5 are encouraged to go on relevant cour5e5 to keep up to date. During 2022.23, the Board will be revising its Trustees. handbook to ensure that it Is in line with best practice. a5 contained in the Charity Governance Code. 14

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCORPORATING THE STRATEGIC REPORT) strurture govemance and management l¢ontlnued) d. Pay pollcy for key management personnel Rewnuneration is set by the Board. with the poliry oblective of providing appropriate incèntives to encourage enhanced performance. recruitment and retention, and of rewarding fairly and responsib contributions to the Companfs success. The remuneratÉon of key mana8ement personnel is set by the Remuneration Committee based on benchmarkin8, performance and target attainment. Key management personnel are considered to be the Heads of the Senior and Junior Schools and the Bursar. The Charty aim5 to recruit, subject to experience, at the relevant polnt within its pay ￿ale. e. Financlal rlsk management The Trustees have a55essed the major risks to whlch the company Is exposed, In partlcular those related to the operations and finances of the companyi and are 5ati5fied that systems and procedure5 are in place to mitlgate exposure to the malor risks. f. R15k Management Objectlves and Poll¢les TheTTUStees are responsible for the Identification and management of risk. and forseeking to mitlgate the major risks to whlch the Charity is exposed. A detsiled review of the strategic and operations rlsks to which the charity 15 exposed 15 undertaken annually at the beginning of the academic year by the full Board. Actlon5 agreed to mitigate risks are delegated to the Senior Leadership Team in each of the areas of their ￿SponSibl11ty. The Trustees have assessed the major rLSks to which the company and the group are exposed, In particular those related to the operatlons and finances of the company and the group and are satisfied that systems and procedure5 are in place to mitigate exposure to the major rlsks. Princlpal risks and uncertaintles The principal rlsks to which the School15 exposed and which are outside the control of the Trustees are the potential impart on the abillty of parents and prospective parents to contSnue to fund their children's education caused by politlcal and economic factors and changes in the regulatory environment introduced by regulators. Being a charity, the School currently enjoys a number of benefits the removal of which would potentlally cause financial difrieulties. The Trustees seekto mitigate the former risk by marketlng and Increasing contacts with feederschools and by seeking to ensure that fee levels remain affordable. The School is a member of ISC, ISBA and AGBIS through which the Trustees are kept aware of rogulatory developments and are able to make provisions as necessary. 15

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCORPORATING THE STRATEGIC REPORT) Strurture, governan￿ arid management Icontlnued) Significant rlsk5 wrthin the control of the trustees, and the steps iaken to mltigate these rlsks are principally.. Educ8tiDn regulatory compliance. The School operates in a hlghly regulated sector, particularly in areas of safeguarding and child protertlon. The responsibility for Compliance 15 led by the Senior Management Team and administered by the Compliance and HR Manager. The Headmaster is the Designated Safeguardin8 Lead IDSLI and the Heafth Manager 15 the DDSL for the Senior School and dea￿ with staff training and all the Tecord keeping. In the Junior School there is a dedicated DDSL. There are a further nine Safeguarding Officers. In addttion to this there are twelve staff who are trained to identify Issues of mental health in chlldren and respond approprlately. All appointed staff and any profession31 advisers have access to all the appropriate information and support available to the School through variou5 professional bodies to ensure that the School is up to date with all current legislation and statutory requirements. The School 8dhere5 to both the regulatory requirements of the Local Safeguarding Board IEast Sussex County Council) and the Independent school's Standards Regulations. Health and Safety. The Charity strives to ensure that staff are able to work and pupi15 study in a safe and supportive environment and that the policies and procedures and training are in place in all aspects of human resources and health and safety so that the School is fully compliant. The school has an integrated Health and Safety IT platform. • Reputational damage. Where there is a risk of litSgatlon. the School will appoint the appropriate professional advisers and purchase the relevant insurances using education specialist brokers to ensure that we have the appropriate cover. Complaints can be damaging to the Charity's reputation and are dealt with promptly by the Head and the Trustees are involved as relevant. Competition. The market in which the Charity operates Is very competitive and in order to maintain demand, we monttor developments in education to ensure that pupi15 always receive a broad and varied curriculum. The School's ethos 15 ￿ntred on the individual and the resources requirèd to deliver a first class education supported by a dedicated pastoral structure. Approved by the Board on 28 March 2023 and signed on its behalf by-. W Telford Ichairmanl 16

LEWES OLD GRAMMAR SCHOOL TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES Thè Trustees, who are also the Directors of Lewes Old Grammar School Trust Limited for the purpose of company law. are responslble for preparlng the Trustees, Report (incorporating the Strategic Report) and the account5 in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accountlng Practice). Company law requires the Trustees to prepare accounts for each financial year which give a true and falr vlew of the state of affairs of the charlty and of the Incoming resources and application of resources, including the income and expendtture, of the charitable company for that year. In preparing these accounts, the Trustees are requlred to.. select suitable accountlng polScles and then appty them conslstently. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and PTudent- and prepare the accounts on the going concern basi5 un5ess it is inappropriate to presume that the charity will continue in operarlon. The Trustee5 are responslble for keeping adequate awounting records that disclose with reasonable accuracy at any time the financial posltion of the charity and enable them to ensure that the accounts comply WTth the Companie5 Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities. 17

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE LEWES OLD GRAMMAR SCHOOL TRUST LIMITED We have audited the financial statements of Lewes Old Grammar School Trust Ithe 'charitable company'l for the year ended 31 August 2022 whlch compromise the Statement of Financial Activities, the Balance Sheet, the Cashflow Statement and notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kinsdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard appllcable in the UK (United Kingdom Generally Actepted Accountin8 Practice). In our opinion. the finèneial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 August 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance wlth United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance with the requirements of the Companies Art 2006. Basi5 Of opinlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those star)dards are further described in the Auditor'5 responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the èthical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical standard, and the provisions available for small entities, and we have fulfilled our ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our oplnion. Conclusions relating to golng concern In aiJditin8 the financial statements. we have concluded that the trustee's use of the going concern bas15 of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material vncertainties relating to events or conditions that, individually or collectively, may cast doubt on thè charitable company's ability to continue as a Boing concern for a period of at least twelve months from when the financial statements are authorized for issue. Our responsibilities and the Yesponsibilitles of the trustee's with respect to going concern are described in the relevant sections of this report. 18

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) INDEPENDE￿[ AUDITOR'S REPORT TO THE MEMBERS OF THE LEWES OLD GRAMMAR SCHOOL TRUST LIMITED other Informatlon The other information comprises the information Sncluded in the annual report, including the trustee's report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not coverthe other information and, except to the extent otherwise explicitly5tated in ourreport, wè do not express any form of assurance conclusion thereon. In connection wlth our audit of the financial Statements, our re5ponslbility IS to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othernise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatement5, we are required to determine whether there is a material misstatement in the financial statement5 or a material misstatement of the other information. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to reportthatfact. We have nothing to report in this regard. Opinlons on other matters prescrlbed bythe CompaniesArt 2006 In our opinion, based on the work L5ndertaken in the course of the audit.. the information given in the trustees, report (incorporating the strategic report and the directors report) for the financial year for which the financial Statements are prepared Is conslstent with the financial 5tatements.and the strategic report and the directors, report have been prepared in accordarice with applicable legal requirements. Matters on whlch we are required to report by exception In the light of our knowledge and understanding of the chartiable company and its environment obtained in the course of the audit. we have not identified material misstatements in the strateglc reportand the dirertors. ￿pOrt. We have nothing to report in re5pett of the following matters In relation to which the Companles Act 2006 requires us to report to you if, in our opinion- adequate accounting record5 have not been kept. or returns adequate for our audtt have not been recelved from branches notV151ted by us; or th&financlaL&tatEm￿ts a[Lgt in agreementwith the accounting records and returns; or certain disclosures of dlrector5' remuneration specified by law are not made: or we have not received all the information and explanation5 we require: or the directors were not entitled to prepare the financial statements in accordance with the small CDmpanies regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. 19

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TOTHE MEMBERS OFTHE LEWES OLD GRAMMARSCHOOL TRUST LIMITED Responslbllltles of trustees A5 explained more fully in the trustees, responsibllitles statement, the trustees (who are also the dirpctor5 of the charr(able company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair vièw, and for such internal contrul as the trustees determine is ne¢e5sary to enable the preparation of finan¢ial statements that a￿ free from material misstatement, whether due to fraud orerror. In preparing the financial statements, the trU￿ee5 ale responslble for assessing the charitable company's ability to continue as a ÈoinB concern, disclosing, as applicable, matters related to goillg concern and using the goinE concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operatlons, or have no reallstic alternative to do so. Auditor'5 responslbllities for thè audlr of the flnancial Statements Our objective5 are to obtain reasonable assurance 3bout whether the financlal statements as a whole are free from material mi55tatement, whether due to fraud or error. and to Issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but 15 not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can ariso from fraud or error and are considered material If, rndividually or in the aggregate, they could reasonabty be èxpected to influence the economic decisions of users taken on the basi5 of these financlal statements. Irregularities, includlng fraud. are instances of non-compliance with laws and regulatlons. The extent to which our procedures a￿ capable of detettlng Irregularities, including fraud. is dètailed below. Extent to whld) the audlt was considered capable of detectlng Irregularltles, incSudln8 fraud The objectives of our audit, in respect to fraud, are.. to identlfy and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufflcient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designlng and implementing appropriate respon5e5,' and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both th05e charged with governance of the entity and Its management. Our approach was as follows.. We identified areas of laws and regulations that could reasonably be expected to have a m3terial effert on the financial statements from our general sector experience, and through discussion with the trustees and other management las required by auditing standards), and discussed with the trustees and other management the pollcies and prucedures regardlng compliance with law5 and regulatiolls Isee belowl,. We i(lentified the following areas as those most likely to have such an effert: health and safety,. General Oata Protection Regulatlon IGDPRI; fraud- bribery and corruption. school inspections, DBS checks, employment law and Keeping Children Safe in Education under Section 175 of the Education Act 2002. Auditing standards limit the requlred audit procedures to identify non-compliance with these laws and regulatioThS to enquiry of the trustees and other management and itbspection of regulatory and legal correspofidence, trf any. The 20

LEWES OLD GRAMMAR SCHOOL TRUST (LIMrfED BY GUARANTEE} INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE LEWES OLD GRAMMAR SCHOOL TRUST LIMITED Identrfied actual or suspected non-compliance w35 not sufficiently significant to our audit to result in our response being identified as a key audif matter. We considered the legal and reEulatory frameworkg dlrectly applicable to the financlal statements reporting framework IFRS 102, the Companies Act 2006 and the Charitie5 Act 20111 and the relevant tax compliance regulations In the UK. We considered the natyre of the charitable compan¥s uperatlon5, the Control envlronment and financial performance. We communicated identified laws and regulatKJns throughout uur team and remained alert to any indications of non-compliance throughout the audlt. We considered the procedures and contro15 that the charitable company has established to ?ddress rbsks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those prosrammes and controls. Based on ihls understandlng we designed our audit procedures to identtfy non-compliance w￿h such laws and règulations. Whcre the risk was considered to be hi8her, we performed audit proceduros to address each identified fraud risk. These procedures Included: testing manL4al journals- reviewing the financlal statement disclosures and tesling to supporting documentatlon; performlng an3lytical procedures; and enquiring of management, and We￿ designed to provide reasonable assurance that the financial st3tÈments were free from fraud or error. Owing to the inherent limitations of an audSt. there is an unavoidable rlsk th* we may not have detected some material mlsstatements in the financial statements, even though we have properly planned and performed our audit In accordance wlth auditing standards. For example, the further removed non-compliance with Saws and regulations lirregularitiesl is from the events and transactions reflected in the finantlal statements, the less likely the inherently limited procedures requlred by auditlng standards would Identrfy it. The risk is also greater regardit)g irregularities occurring due to fraud rather than error. as fraud Involves intentit>nèl Concealment. forgery, collusion. omission or misrepresentation. We are not responslble for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulatlons. Use of our report This report is made solelytothe charitable company's members, as a body. in accordance wlth Chapter 3 of Part 16 of thè Companie5 Act 2006. Our audit work has been undertaken so that we might state to the charitable company's member5 those matters we are required to state to them in an auditors, report and for the 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 charitable company's members, as a l)ody, for our audit work, or for the opinions we have formed. TL 4 r7ts4) Mark Cummlns FCCA Isenlor Statutory Auditor) for and on behalf of TC Group ststutory Audltors office- SteyninE, West Sussex Dated.. I i 2oiS 21

LEWES OLD GRAMMAR SCHOOL TRUST {LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL AcfiviTIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST2022 Unrestrlcted Funds DÈslgnated Funds Restrlcted Funds Totsl 2021 Total 2021 Note5 Intomingfrom.. Donations and legacies Ch8ritsble activities 301 14.673 14,974 8,733,066 12,125 8,760,165 65.203 7,406.748 8.733.066 Investments 12,125 8.745A92 1.815 Totsl Income 14.673 7.473,766 Expenditure on: CharStable activities 8.110.672 7,266 8,117,938 6.957,463 Total expendltu 8.110.572 7.266 8.117.938 6,957,463 Net incomè I lexpendituie) 634,820 7A07 642.227 516,303 Tiansfer between fvnds 18 13,038 113,0381 Net movement in funds 647.858 {5,6311 33,431 27￿00 642.227 516,303 4,930,702 Fund balance5 brought forward Fund balan¢es carrled forward 5A05.604 7,970 7,970 5A47.005 6.053A62 6.089232 5,447.005 All income and gains for the period are recognised above. All of the Covnpany's activities are classified as cDntinuing. The statement of financial activities a15D complles with the requirements for an income and expenditure account under the Companies Act 2006. 22

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) BALANCE SHEEr ASAT31 AUGUST2022 2022 2021 Fraed assets Intanglble assets TangSble assws Notès li 12.575 12,620.076 12.632.651 12,575 11.071,388 11,083,963 Current assets stocks Debtors Cash at bank and in hand 3,291 2.196,533 2,659,898 4￿59.722 2.758 2,155,223 2,800.415 4,958,396 13 Creditors: amounts falllnz duewlthln one year 14 {4X178.1261 {3,729,1671 Net current asset5 781.596 1.229.229 Total assets less current liabllltle5 13A14247 12,313,192 Creditors: amounts fallin% due after more than one year 15 (7.325.015) 16,866,187) Net assets 6,089232 5,447,005 Represented by: Restricted funds 33,431 Unrestrlrted funds General funds 6.053,462 7.970 5.405,604 Designated funds 7,970 6.061A32 5,413.574 6,089,232 5.447.005 The accounts were approved by the Board on 28 March 2023. W Telford Ichalrmanl Company Re8istratlon No. 09561129 23

LEWES OLD GRAMMAR SCHOOL TRUST {LIMITED BY GUARANTEE) CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST2022 Notes 2022 2021 CH5h flows from opèrating attivttles 20 L471.051 1,978,867 Cash flowsfvom irwe5tlng actlvltles Purchase of tangible ffixed assets 12 I2,[￿,954) 1480,3721 Sale proceeds frotn fJxEd 4sset5 800 Interest received 11125 1.815 Net cash from Investing a¢tlvltles 11.992.029) 1478,5571 Cath fFows from financinB artlvltles Loan movernent 573.857 1185.2981 Interest payable 1193.3961 1194,4441 380,461 1379,7421 Intrea5e I Idecrea5el in cash and ￿$h equlvalent5 1140.5171 1,120.568 Cash and tash equlvalents at stsrt otyear 2,800A15 1.079.847 Cash and cash equlvalents at end ol year 2.659.898 2,800,415 All cash 15 ca5trt at bank and in hand. 24

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2022 ststulory Inforniation Lewes Old Grammar School Trust is a charitable company, limited by guarantee, reglstered In England and Wales. The charitable company's Tegistered number and registered office address can be found on the legal and administrative information page. In the event of the charitable company beingwound UP• the liability in respect of the guarantee 15 limited to £1 per member of the company. Accounting pollcles 2.1 Basis of preparatlon The financial statements have been prepared In accordance with Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlih the Flnanclal Reporting Standard applicable In the UK IFRS1021 leffectlve l January 20151 Charities SORP IFRS1021, the Flnancial Reporting Standard applicable iii the UK and Republic of Ireland IFR51021 and the Companies Act 2006. Lewes Old Grammar School Trust meets the definition of a public benefit entity under FRSIO2. Assets and Llabilities are Inltially recognised at hsstorical cost or transaction value unless otherwise stated In the relevant accounting policy notelsl. There a￿ no material uncertainties obout Lewe5 Old Grammar School Trusvs ability to continue as a going concern. The fiThan¢lal siatements are prepared In Sterling, which is the functional currency of the school. Monetary amounts in the financial statement5 are rounded to the nearest £ 2.2 Income School fee income is accounted for on a receivable basis and ttsnslsts of charges bllled for the school year ended 31 Au8USt 2022, less bursaries and allowan￿5. Fees received for education to be provided In future year5 are carried forward as deferred income. Pupil deposits and fees in advance scheme contracts are those fee5 received In advance of education to be provided in future years under a specific contract. The fees are held wtthin the unrestricted reseNe5 Of the school until taken to income to match liabilities in the term when used or refunded. Donatlon5 are accounted for as received by the school. Grant income and irtvestment income is accounted for In the period in whlch the school is entltled to receipt. 2.3 Expenditure Expenditure is accounted for on an accruals basis. Overhead and other costs not direct attributsble to a particular functional activtty are Included within sUPPOrt Costs. The irrecoverable element of VAT 15 included with the item of expenses to which it relates. 25

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2022 2. Accountlng pollcles {contlnuedl 2.3 Expendlture Icontlnuedl Governance costs comprise the costs of running the charity, including strategic Trustees, and all the costs of complying with consEltutional and statutory requirements, such as ihe costs of Board and Committee meetings and of preparing statutory accounts and satisfying public accountablllty- 2.4 Intanglble fixed assets Intangible assets are capitalised and recognised when future economic benefrts are probable and the cost or value of the asset can be measured rellably. Intangible assets are initially recognised at cost. After recognition, under the cost model. intangible assets are measured at Cost less any accumulated amortisation and any accumulated impairment10sses. Amortisation is provided on intangible assets at rates calculated to write off the cist if each asset on a straight-line basis over its expected useful life. Amortisation is provided on the following basi5'. School crest Not amortised 2.5 Tanglble flxed assets and depreclatlon All assets costing more than £500 are looked at on an individual basi5 and capitalised rf approprlate. Tangible fixed assets otherthan freehold tand are stated at cost less depreciation. Depreciation is provided at rate5 calculated to write off the c05t less estimated residual value of each asset over its expected useful life, as follows.. Freehold land and assets under construction are not depreciated Freehold bulldings 2% straight line Fixtures, fittings & equipment 16.66%/5%133% straight line M￿Or vehicles 25% reducing balance 2.6 Leaslng commitments Rentals paid under operating leases are charged to income as incurred. 2.7 Stock Stock is valued at the lower of cost and net realisable value. 26

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2022 2. AceountinB pollcles l¢ontlnuedl 2.8 Penslons The charltablÈ Company operates a deflned contrlbutlon pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. 2.9 Accumulated funds Unre5trlcted funds these are fvnds whkh can be used In accordance wfth the charltsble objects at the discretion of the trustees. Designated funds- these are fijnds set aside by the trust@@s out of unrestrirted gèneral funds for spetthe future purposes or projeci5. Restricted funds-th@se are funds whlch are to be used In accordance wlth spÈcfjPic restrictlons imposed by donors orwhich have been raised by the school for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Further explanations of the nature and purpose of each fund are included In the notes to the accounts. 110 Cash at bank and In hand Cash at bank and In hand includes cash and short term hlghly Ilquld Investments. The Trustees seekto use short and medium term deposits where posslble to maxlmlse the ￿tUrn on monles held at the bank and to manage cash flow. 2.11 Debtors Trade and other debtor5 are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.12 Credltors and provlslons Crediturs and provision5 are recu8nised where the charity ha5 a present obligation resulting from a past event that will piobably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. 27

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2022 2. Accountlng poll¢les leontinued} 2.13 Crltlcal acfountlng e5tlmates and Judgements In the application of the school's accountlng policies, the trustees are required to make judgement5, estimates and assumptions about carrying amount rf assets and liabilities that are not readity apparent from other sources. The estimates and associated assumptions are based in hlstorlcal experience and other factors that are considered to be relevant. Actual result5 may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accountln8 estimates are recognlsed in the period which the estimate 15 revlsed. The trustees do not consider that there are any critical estimates or areas of judgement that need to be brought to the attention of the readers of the financial ststements. 3. Turnover The turnover of the school is wholly attributable to the objects of the school a5 Stated in the Tru5tees' Report and is earned entirely within the UK. Net Income/lexpenditure) This 15 Stated after ¢hèT81118= 2022 2021 Depreciatio stock charged as an expense Operating lease payments Auditors, remuneration- audit servi￿5 426,723 393,601 S33 655 122,297 13,080 86,512 12,300 Income from donatlons and legades 2022 2021 Other donation5 14.816 35,012 Government grants 158 30,191 14,974 65,203 28

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2022 Income from charitable artivliles 2022 2021 Gross school fees 10,363.157 9,161.352 Bursaries, 5Eholar5hlps and discounts Nèt school fees 12,392,670) 7.970A87 12,171,591) 6,989,761 Sthool trips and activlues Income Catering and transport Income 131,729 9,601 630,850 407,386 Net School fees 8,733,066 7,406,748 7. Investment income 2022 2021 Interest received 12,125 1,815 Totsl expendlturn Staff costs Depredatlon Othèr Costs Total 2022 Total 2021 Charitsble actlvltles Teaching ¢osts Welfaro costs Premises costs 4,005.106 130,880 249,258 691,099 5,076,343 30,552 602,641 792,836 731,722 433,487 2.560,686 23,634 4,607.747 944.575 1,34Z.607 1,168,823 8.063,752 54,186 4,147A03 707.668 1,133,052 916,903 6.905.426 52,037 20,859 361,627 4.237 426,723 Support Costs Total charitable actlvltles Expendlture on governance Total expendlture 5,106,895 426,723 2,584,320 8,IIZ.93R 6.957,463 Support Costs include goveinance costs, of which payments to the auditor5 of £13,08012021'. £12,300 paid to previous auditors) for audit fees. No fees were paid to the auditors for non-audit servlces In 2022 or 2021. Trustee5 None of the trustees lor any persons connerted with them) recelved any remuneration during the year. There were no reimbursed expenses thi5 year. 29

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2022 10. Employees Number of employeès The average number of employees duringthe year was as follows.. 2022 Number 108 2021 Number 105 Teachers Finance Maintenance Administration Catering 12 io io 147 138 EmplDyment Costs 2022 2021 Wages and 5alarles Social security costs Other pension c05t5 4.390,S78 428.023 288,294 5,106,895 4,095,844 371,365 258,236 4,725,445 The above employment costs in¢lude settlement amounts to former employees, the terms of which are confidential. The number of employees whose annual remuneration was £60.000 OT wnore were: 2022 2021 Number Number £60,000- £69,999 £80,000- £89.999 £90,000- £99,999 £I40.Oc￿1- £149,999 £150,OCKJ- £159.999 Contiibutions totalling £29,249 12021.. £38,094) were made to pension schemes on beha￿ of employee5 whose emolurnents exceeded £60.000. The total employee benefrc5 (including ER'S Nl and pension) of key management personnel of the school during the year were £611,50812021: £495.7071. Key management during the year comprised the Senior Leadership Team. 30

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2022 11. Intanglble flxed assets Cost School Crest At l September 2021 At 31 August 2022 12,575 12,575 Net book value At 31 AuÉust 20Z2 12.575 At 31 August 2021 12,575 12. Tan8lble fixed assets Freehold property Mvtor Vehlcles Flxtures, f ittings & equipment Tatal Cost At I September 2021 11,873.862 124,396 3,192,183 15.190.441 Additions 1,71X),865 304.089 2,CIYI,954 Disposals 19.9561 11,9781 11,272,140) 11,284,074) Transfer 64,9551 64,955 At ai August 2022 13N99,816 122,418 2,Z89.087 15,911,321 Depretlatlon At I September 2021 1,699.934 86,822 2,332,297 4,119,053 Charge for the year 159,494 9,370 257.859 426,723 Ellmlnated on d￿PoS31 14281 11.746} 1.252.357) 11,254.5311 Transfer 17,6111 7.611 At 31 August 2022 1.851,389 I,Y15NIO 3,291,245 NÈt book value At 31 August 2022 11,648,4Z7 27.972 943,677 12.620.076 At 31 Au8USt 2021 10,173,928 37,574 859,886 11.071,388 Included in Land and buildings is freehold land at valuation of £4,000,SOD12021: £4.OCx),S001. whlch is not depreclated. The land, with an original cost of £3A33.33412021- £3,833,334) was revalued as at September 2015. 31

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2022 13. Debtors 2022 2021 Trade debtors 2.027.278 1,960,744 Prepayments and accrued Income 144.365 43,455 Other debtors 151,024 1196.533 2,155,223 14. Credltors: amounts falling due wlthin one year 2022 2021 Bank loans Fees in advance Tradè treditor5 Taxes and social security costs Other creditors Accruals and deferred incomè 271AS9 484.736 142,174 102,306 84,595 2,992.856 198,053 523.464 136,283 94.580 87,401 2,689,386 4,078.126 3,729,167 Deferred income represents fees due for the Autumn term 2022. Fee deposits may be returned upon gtVin8 one term's notice of thè parents, intentlon to remove the child from the school. The aggregate amount of creditors falling due within one year for which security ha5 been glven is £271,45912021.' £198,053). See note IS for details of the secured asset5. 15. Creditors: amounts falling due after more than one year 2022 2021 Bank loans Fees in advan¢e Retained depostts 5,862.113 1,127,005 335,897 5.361,662 1.140,680 363,845 7.325.015 6.866,187 32

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2022 15. Credltors: amounts falllng due after more than one year Icontlnuedl Included within the above are amounts falling due as follows.. 2022 2021 Between one and two years Bank loans 271,459 204,322 Between two and five years Bank loans 1,200,258 653.310 Over five yeaT5 Bank loans 4,661R55 4,504,030 The aggregate amount of creditors falling due after more than one year for which securlty has been iven amounted to £5,862,11312021.. £5,361,662). These amounts have been secured by first fixed legal tharÉes in favour of Lloyds Bank plc over the freehold propertie5 of the Trust. 16. Pen51on commltments The School operate5 a deflned contribution pension scheme. The assets of the Scheme are held separately fTQm those of the School In an independently administered fund. The pension cost charge represents contrlbutlons payable by the School to the fund and amounted to £288,294 12021.. £258,236). Contributions totalling £50.67912021.. £44,449) were payable io the fund at the balance sheet date and are included In creditors. 17. Share capital and control The company is Ilmited by Éuarantee and has no share capltal. In the event of a winding up, each of the trustees undertakes to contribute to the assets of the trust such amounts as may be required, not exceeding £1. No one party has overall control of the charty. 33

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2022 18. Summary of fvnd movement Movement In Funds Balance at I Septern￿r 2021 Balance at 31 August 2022 Incomlng Re50urce5 Resources Expended Transfers Unrestrlcted funds Designated fund5: Morocco fund 7,970 7,970 7.970 General reserves 5,405,604 5,413,574 8,745,492 8.745.492 18.110.6721 18,110,672] 13,038 6,053,462 6.061,432 Restricted fund5: Richardson fund Music & Drama fund Sport fund Design & Technology fund PTA furid Falrview fund Dowley fund Cameron Moore fund Green United UK Germany Connection 7,357 4.841 3,968 4,576 1,387 9,246 556 1,5(K) 17.3571 378 5.219 4.704 5.575 736 999 11,310 17,0161 15.6811 556 1,500 250 1,0 14,673 12501 1,000 27,800 33.431 17,2661 113.0381 Total funds 5,447,005 8,760.165 18,117,938) 6,089.232 The school raises charitable funds and donates them to Education forAII, a registered Moroccan NGO, which supports 8ir15 from rural communities of the High Atlas Mountains giving them the opportunty ro continue their education beyond primary School. The Richardson fund relates to a donation received to be used towards supporting the tuition fees for a pupil. A transfer wa5 made during the year to unrestricted reserves relating to fees in advance. The Music and Drama fund relates to donations received which, along with any 8ift aid claimed, will be used to advance the Drama 2nd Music activitie5 and curriculum in the school. The Sport fund relates to donatlons received which, along with any gift aid claimed, will be used to advance the Sport activities and curriculum in the school. The Design & Technology fund relates to donations received which, along wlth any gift aid claimed, will be used to advance the DesFgn & Technology activlties and curriculum In the school. 34

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2022 18. Summary offvnd movement Icontlnuedl The PTA fund relates to funds received to reimburse the Trust for spectfic agreed expenditure. Translers to re#rlcted funds in the year relates to capltal expenditure. The Fairview fund can be used for any educatlonal or fabric related purpose within the school followlng agreement by the donor. The Dowley fund relates to a donation received to be used towaTds SUPPOrtlng the tuition fees for a pupil. The Cameron-moore fund relates to the gift aid claimed for payments made towards a pupil'5 tuition from an unrelated third party. The fund is to be used for e*(racurricular activities, school irips and the purchase of educatlonal sUPPOrt equipment and mateTial5. The Green united fund a grant of £1,000 was recelved to be used towards fosterlng exchanges between our students and German ones. The UK Gemian Connection fund Green United is an organisation Set up by University of Sussex. who provided a grant of £250 for use to connett all the schools In Brighton and Lewes wtth experts to support environment action. 19. Analysls of net assets between funds Unrestrlcted fvnd5 Re5trlcted funds Total Fund balances at 31 August 2022 are represented by.. Tangible fixed assets Intsngible fixed assets Current assets Creditors: amounts falling due within one year Creditors.. amounts falling due in more than one year 12.620,076 12,575 4,831,922 4,078,1261 {7.325,0151 6,061,432 12,620.076 11575 4,859,722 14.078.126) 17,325,0151 6,089.232 27,800 27,800 Unrestricted funds Restrlrted funds Total Comparatlve Fund balances at 31 August 2021 are represented bv: Tangible fixed B55ets Intangible flxed a55ets Current assets Creditors.. amounts falling due within one year Creditor5'. amounts falling due In more than one year 11.071,388 12.575 4.924.965 13,729,167) 16,866,187) 11,071,388 12,575 4,958,396 13.729.167) 16,866,187> 33.431 5,413,574 33,431 5,447.005 35

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2022 20. Net cash Inflow/loufflow) from operating artlvltles 2022 2021 Reconciliation to changes in re50urce5 Nèt Sncome Interest recefved Interest paid Depreciation of tangible fixed assets loss on disposal of fixed assets Ilncreasel/decrease in sto¢k5 Ilncrèa5elldecrease in debtors Incre￿e/{deCrea5el In creditors 642,227 (12,1251 193.396 426,723 28.744 15331 141,3121 233,931 516,303 11,8151 194,444 393,601 7.780 16551 77,270 791,939 1,471,051 1,978,867 Zl. Analysls of changes In net debt Atl September 2021 Cash flow5 At 31 August 2022 Cash at bank and in hand Oebt due within l year Debt due after l year 2,800.415 1198.0531 15,361.6621 I2,759,3￿) 1140.5171 659.898 173,4061 1271,4591 1500.4511 {5,862,1131 1714.3741 13,473,674) 22. Commltments under operating leases At 31 August 2022 the company had total eommitments under non-cancellable operating leases as follows: Land & 8uilding5 2022 Other 2021 2022 2021 Expiry date-. Within one year Between two and fSve years 123,190 169,134 83,992 200,429 53,841 36

LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2022 23. Related party transartions Durlng the year the Trust paid J E and T E Laker, J E Laker being the farther of T E Laker (Bursar and Clerk to the Tru5teesl, a total of £4,01312021- £4,284) for rental space to store school property. This is paid via manaEing agent, Courtney Commercial Ltd. At the balance Sheet date a £117 credit was on the account a5 against £7 being outstanding in 2021 and15 included in creditors. T E Laker is a majority owner of the rental spa￿. During the year the 5thool engaged Whyte Photography, opeiated by P Whyte, the husband of C Whyte (Head of the Junior School), for photographic servlces totalling £5,64212021- £1,720). At the balance Sheet date £nil12021- £nill was outstanding and included in creditors. During the year thè school T whyte, the son of C Wh￿e IHead of the Junlor school). was employed by the school for marketing services and received a total remuneration over the period of £1,57112021 £2,574) During the year the school enga8ed M D J Light Bros Ltd for seTvices toialllng £2,78212021- £1.7641. a company of which J M Llght la Trustee) was a director. At the balance sheet date £14212021- £1051 was outstanding and is Included in creditors. S Blewitt, the wife Df R l Blewitt (the Headmasterl, is employed by the school and receNed a total remuneration over the period of £27,30212021: £26,418). 24. Compayatlve Statement of Financlal A¢tlvlties- 31 August 2021 Unrestrfrted Fund5 Designateil Fund5 Restwlcted Funds Totsl 2021 Incomlng from; Donations and legacies Charltable attivlties 37,155 7W16.748 1.815 7,439.718 65,203 7.406.748 I￿15 7.473.766 7A06.748 1.815 Investments Total Income 7A73,766 Expendlture on: ChaTitsble attivltie5 .946A74 6,946N74 10,989 10.989 6.957,463 6.9_57 463 TntsFexpendlturé Net income I lexpendlturel 493,244 23x159 516303 Transfer between funds a2.974 132,9741 Net movement In fvnds Fund balances brought forward Fund balan¢e5 carrled forward 526218 4￿79.38$ 5A05.604 19,9151 43.346 33.431 516.303 4.930.702 5W7,005 7,970 7.970 16 37

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