Charlty Reglstratlon 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 2024

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
SE Bonell. Chair
EK Barry lappointed on 14 May 20241
J Brooks
A Clarke
A Haryev
J Light (resigned on 29 November 20241
HJS Moore
SP Read lappointed on 25 June 20241
W Telford Iresigned on 4 March 20241
Headmaster
R l Blewitt
Bursar and Company Secretary
C Scotland (appointed on 28 February 20241
Charlty Number
1163491
Company Number
09561129
Registered Office & Principal Address
140 High Street
Lewes
East Sussex
BN7 IXS
Auditors
TC Group
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
Bankers
Lloyds Banking Group
82 High Street
Lewes
East Sussex
Solicitors
Mayo Wynne Baxter
3 Bell Lane
Lewes
East Sussex
BN7 IJU

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
CONTENTS
Page
Tru5tees' Report (incorporating the Strategic Reportl
Statement of Trustees, Responsibilities
Independent Auditorfs Report
Statement of Financial Activities
li
Balance Sheet
12
Cash Flow Statement
13
Notes to the Accounts
14

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
TRUSTEES, REPORT (INCORPORATING THE STRATEGIC REPORT)
STRucfuRE, GOVERNANCE AND MANAGEMENT
None o* the Trustees has any beneficial interest in the company. All the Trustees are members of the
company and guarantee to contribute £1 in the event of a winding up.
The Articles of Association allow for between 5 and 15 Tru5tee5 and there are currently eight on the
Board. Trustees generally meet termly to review the company's affairs and receive rewrts from
senior management. Sub committees include the Finance and General Purposes Committee,
Academic and Pastoral Committee and Health and Safety Committee. The day to day running of the
School is delegated to the Head, assisted by the Senior Leadership Team ISLT). The Head, Junior School
Head and Bursar attend Trustee meetings.
RECRUITMENT, INDU￿10￿ AND TKqINING OF TRUSTEES
New Trustee5 are appointed b35ed on their eligibility, personal competence, specialist skills and local
knowledge. The composition of the Board is kept under constant review and new Trustee5 are
inducted by visits to the school, discussion with the Chair of Trustees, Head and Bursar who is also
Clerk to the Trustees. They also receive briefing documents provided by the School, Association of
Governing Bodies of Independent Schools IAGBISI and the Charity Commission. Trustees generally
Serve for a period of 3 years but may be re-elected for a maximum of 2 further terms.
All Trustees undertake regular safeguarding training, AGBIS online training and other course5 specific
to their roles. They also receive regular updates from the Independent Schools Bursars, Association
on a variety of topics including health and safety, finance and HR matters.
The School is actively seeking to recruit new trustees.
SENIOR MANAGEMENT PAY POLICY
In line with pay for all staff, senior management pay is determined by the Trustees who consider.
amorbgst other things, the current market demand for teachers, the financial strength of the School,
the economic outlook, the performance of the relevant individua15 and the 'going rate for
remuneration, of senior management in the local indeperhdent school market. Key management
personnel are considered to be the Head, l unior School Head and the Bursar.
EMPLOYMENT POLICY
The School is an equal opportunities employer. Full and fair consideration is given to job applications
from disabled persons and due consideration is given to their training and employment need5.
Consultation with employees continues at all levels with the aim of taking their views into account
when decisions are made that are likoly to affect their interests. Staff surveys are Carried out regularly.
Trustees recognise the contribution made by the School's dedicated stsff, whose unwavering
commitment to excellence ensures that Lewes Old Grammar remains a nurturing environment where
pupils can meet their full potentia5.

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
TRUSTEES, REPORT (INCORPORATING THE STRATEGIC REPORn
CHARrrABLE OBJECTS
The objects of the School as set out in the Articles of Association are to advance the education of
children at the School. Trustees consider carefully the Charity Commission's general guidance o
public benefit in setting objectives and planning attivitles.
AIMS AND OBJEcfivES
The principal objective of the School is to remain a strong, integrated community. moulded by each
individual pupil's aspirations and needs, providing them with the opportunity to maximise their
academic achievement and to leave School equipped to face the challenges of adulthood with
confidence.
The School motto 15 "Floreat Lewys" (Lewes Flourishes) which capture5 the essence of the values that
underpin endeavours to give pupils the opportunity to develop integrity. energy, honesty. confidence
and enthusiasm.
The School provides an excellent education by recognising and developing individual pupil's strengths,
potential and interests within a nurturing environment. This is underpinned by the School being a
place of trust and respect where all staff take an active interest in the spiritual, moral, social an(1
cultural development of every pupil. The School's aims are to..
Develop inquisitive thinkers with a lifelong love of learning who cherish independent thought,.
Enable pupi15' talents to develop through doing and making-
Foster individuality and encourage initiative and creativity alongside an awareness of the
needs of others;
Enable students, former students, parents and staff to take pride in the community'5
distinttiveness,.
Foster interest beyond the school by engaging with the local community and developing a
national and international awareness.
ACHIEVEMENTS AND PERFORMANCE
Academic performance
Public examination results were in line with expectation5 reflecting considerable hard work by both
staff and pupils. Those leaving the Sixth Form achieved 81°A of their A Level grades at either A.
The grades for this cohort at BTEC were equally impressive with 85Yo of the grades at either Distinction
or Distinction. level. These excellent results enabled most students to progress on to the first choice
university with Russell Group universitie5 firmly represented.
The results at GCSE were very pleasing with 42% of the 8rade5 being at 7 or above. and with a pa55
rate of a very impressive 97%. This confirms that teaching stretched the more able students and the
high pass rate confirmed that the School meets the needs of those across the ability range.

LEWES OLD GRAMMAR SCHOOL TRUST
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TRUSTEES, REPORT (INCORPORATING THE STRATEGIC REPORT)
Academic priorities in the Junior School focu55ed on embedding challenge into a113rea5 of the
curriculum, improving spellirbg by restructuring Phonics teaching and creating further opportunities
for competitive sport.
Pastoral matters
The RESPEcf philosophy has been firmly embedded in the Senior School and promotes core values.
Pupils have been encouraged to become drivers for change by getting involved and making a
difference in the School community. An anti-bullying mindset has been promoted and excellent
attendance and punctuality are being championed.
Pupil voice has been developed in the Junior School through the School Council and children have
been encouraged to engage with the local community and charitable organisation5. A key focus has
3150 beer) easing and priorltising transition between year groups up to and including Year 7.
Other activities
Foreign travel continues to be seen by the School as an essential way of fostering interests beyond
School and to develop a national and international awareness of other cultures. The reward trips to
Hollalld and Finland reaffirm that pupils, who best embody the School's Core Values, will have their
commitments and achievement recognised. This is also true with the awarding of prizes at the
ceremonies at the end of the academic year. The School is determined to ensure that the Core Values
remain pivotal to the everyday experience of pupi15. The School attempts to build both grit and
resilience and the annual Whole School Walk was completed by the largest number of pupi15 ever.
including pupils from our partner School in Ballito, South Africa.
COMMUNITY LINKS AND PUBLIC BENEFIT
The School continued to Improve its links With the local community. Facilities are mado available for
clubs and societies to use outside normal schiiol hours within Lewes and the surroundlng area. The
School has also organised events to which the public were invited, such as school productions and
guest Speakers.
Trustees also consider it is important to recognise the indirect benefit to the public which ari5e5 from
the School educating about 700 pupils, the cost of which would otherwise have fallen on the state. It
is estimated this has saved the public purse an estimated £5.2M, based on an average state education
grant of £7,460 per pupil.
The School also provides financial support (scholarships, awards and bursaries) on the basis of
financial need and pupil's educational ability or talent. Bursarie5 are awarded for financial reasons to
a55iSt familie5 who would otherwise not be able to access the School's educational offer.

LEWES OLD GRAMMAR SCHOOL TRUST
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TRUSTEES, REPORT {INCORPORATING THE STRATEGIC REPORT)
PLANS FOR THE FUTURE
Looking ahead to the next academic year, trustees are mindful of the thallenges presented by changes
in VAT, the loss of business rates relief, and increased National Insurance costs. However, the Board
remains committed to maintaining a strong financial base while continuously improving the
opportunities available to pupils. Trustees will continue to monitor these financial developments
closely, ensuring that deci5i0ns are always in the long term best interest of the School community.
The academic priority remains as a determination to ensure that all pupils have an equal opportunity
to thrive and achieve their potential. This is achieved by cultivating in them a genuine respect for their
learning and for others, ideas. This is promoted partly by all that is taught and planned for the
classroom and also through the Respect philosophy of the School.
SEND provision will be developed to ensure that quality first te3chinE lin combination with learning
support for some SEND students) mcets the particular needs of individuals, and that Staff have plenty
of resources and appropriate professional development to understand the needs of all pupils arhd the
latest research in terrns of pedagogical methods and tools to support the flourishing of all pupils.
The School's pastoral priorities will continue to promote the importance of equality through every
aspect of School life. The benefits of positive behaviour will be further reinforcèd by embedding the
RESPEcf philosophy and pupll emotional wellbeing and mental health will be improved by re-
establishing quiet areas in the school where pupils can find peace and calm dijring the school day.
The estate and infrastrurture priorities will be carefully considered as part of the School's strategic
plan. Projects will need to be "canserv3tive" during a period of financial uncertaillty and those
Investments made must produce the greatest benefits for pupils.
The School 3ims to secure lasting relationships with those local partners leg Southdown Clubl whose
facilities are used for SF)ort and the performSng arts. The School will also prioritise reducing its Carbon
footprint for both commercial as well as environmentally ethical reasons.
FINANCIAL REVIEW
The School raise5 Its funds from fees and related activities and has not engaged in appeals for many
years. Estate projects have either been financed from surpluses after ordinary expenditure, or kjy
borrowing under careful control to ensure loan commitments are affordable.
The School generated income of £10,792K12023 £9,862KI and expenditure tot311ed £10,090K12023
£9,532KI giving a surplus for the year of £701K {2023 £330KI. Trustees are conscious of the need
to have fund5 available to cope with the current economic uncertalntles and to enable continued
investment in property and staff to ensure we continue to provide an excellent level of education for
our pupils.
Total funds as at 31 August 2024 were £7,120K {2023 £6.419KI of which £29K1£34KI was held in
designated and restricted funds. The School holds unrestritted reserves of £7.092K1£2023 - £6.385KI

LEWES OLD GRAMMAR SCHOOL TRUST
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TRUSTEES, REPORT (INCORPORATING THE STRATEGIC REPORT)
which include tangible fixed assets of £12,666K12023 - £12,716KI and long term bank loans of £5.392K
12023- £5,644KI.
Gross fees were £11,607K {2023 £10,924KI whilst scholarships. awards and discount5 totalled
£2,230K12023- £2,401KI giving net fee income of £9,377K {2023- £8.522KI. Scholarships. awards and
discounts tot311ed 19.2% of gross fees12023- 22.0%).
Trustees monitor performance using Key Financial Performance Indicators which are reported on
termly.
RISK MANAGEMENT
Trustees are responsible for the identification and management of risks faced by the School. Risk5 are
assessed and controls established throughout the year and are delcgated to the Senior Management
Team where appropriate. Trustees review the full Risk Register annually. Trustees consider the major
potential risks to the School to be..
Ensuring safeguarding and inspection in an increasingly regulated environment
The challenging economic environment adversely affecting pupil numbers
Competition from independent and state schools affecting pupil number5
Inflationary pressures on certain costs
A variety of controls are used to mitigate risk including strategic planning and budgetingtr safer
recruitment, staff training, marketing and formal written policies. Trustee5 are satisfied that systems
and procedures are in place to mitigate exposure to the major risks.
REPORTABLE INCIDENT5
During the year there was only one incident whlch required notification to the charity Commission
which related to the School's inspection in May 2024. The issue was addressed and the School met
all standards in its subsequent Progress Monitoring Inspection in February 2025.
Approved bythe Board on...............
SE Bonell Ichairl

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees, who are also the Diredors of Lewes Old Grammar School Trust Limited for the purpose
of company law. are responsible for preparing the Trustees, Report lincorporating the Strategi
Report) and the accounts in 2ccordance with applicable law and United Kingdom Accounting
Standards Iunited Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare accounts for each financial year which give a true and
fair view of the state of affairs of the charity and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the Trustees are required to:
selecl suitable accounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent- and
prepare the accounts on the going concern basis unless it 15 inappropriate to presume that the
charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the accounts
comply with the Companie5 Act 2006. They are also responsible for safcguarding the assets of the
charity and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT
TOTHE MEMBERS OF THE LEWES OLD GRAMMAR SCHOOL TRUST LIMITED
Opinlon
We have audited the financial statements of Lewes Old Grammar School Trust (the 'charitable
company'l for the year ended 31 August 2024 which compromise the Statement of Financial
Activities, the Balance Sheet, the Cashflow Statement and notes to the financial statements. The
financial reporting framework that has bccn applied in their preparation is applicable law and
United Kingdom Accounting Standards. including Finarbcial Reporting Standard 102 The Financial
Reporting Standard applicable in the UK Iunited Kingdom Generally Accepted Accounting
Practice).
In our opinion, the financial statements-
give a true and fair view of the state of the charitable company's affairs as at 31 August
2024 and of its incomin8 resources and application of resources, including its income and
expenditure, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls of opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII
and applicable 18w. Our responsibilities under those standards are further described in the
Auditor's responsibilities for the audit of the financial statements section of our report. We are
independent of the charitable company in accordance with the ethical requirements that are
relevant to our audit of the financial statement5 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 opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAS IUKI require
us to report to you whore-
the Trustees, use of the going concern basis of accounting in the preparation of the financial
statements is not appropriate,. or
the Trustees have not disclosed in the financial statements any identified material
uncertainties that may cast significant doubt about the charitable company's ability to
continue to adopt the going concern basis of accounting for a period of at least twelve months
from the date when the financial statements are authorised for issue.

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE LEWES OLD GRAMMAR SCHOOL TRUST LIMITED
Other Information
The other information comprises the information included in the annual report. including the
trustee's report, OEher 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 cover the other information and, except to the extent otherwise explicitly stated in our report,
we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility 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 otherwise appears to be
materially misstated. If we identify such material incon515tencies or apparent material
misstatements, we are required to determine whether there is a materlal misstatement in the
financial statements ora material mi5Statement 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 reportthat fact.
We have nothing to report in this regard.
Opinions on other matters prescribed bythe Companies Act 2006
In our opinion, based on the work undertaken 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
consistent wlth the financial statements,. and
the strategic report and the directors, report have been prepared in accordance with
applicable legal requirement5.
Matters on which we are required to report by exceptlon
In the light of our knowledge and understanding of the charitable company and Its environment
obtained in the course of the audit, we have not identified material misstatements in the strategic
report and the directors, report.
We have nothing to report in respect of the following matters in relation to which the Companies
Act 2006 require5 US to report to you if. in our opinion=
adequate accounting records have not been kept, or returns adequate for our audit have
not been received from branches not visited by us- or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of directors, remuneration specified by law are not made- or
we have not received all the information and explanations w8 require,. or
the director5 were not entitled to prepare the financial Statements in accordance with
the small companies regime and take advantage of the small companies. exemptions in
preparing the trustees. report and from the rèquirement to prepare a strategic report.

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE LEWES OLD GRAMMAR SCHOOL TRUST LIMITED
Respon5ibilltie5 of trustees
As explained more fully in the trustees, responsibilities statement. the trustees (who are also the
directors of the charitable company for the purposes of company lawl are responsible for the
prep3ration of the financial statements and for being satisfied that they Eive a true and fair view, and
for such intern31 control as the trustees determine is necessary to enable the preparation of financial
statements that are free from materi31 misstatement, whether due to fraud orerror.
In preparing the financial statements, the trustee5 are responsible for a55e55ing the charitable
company's ability to Continue a5 a going concern, disclosing, as applicable. matters related to going
concern and using the going concern basis of accounting unless the trustee5 either intend to liquidate
the charitable company or to cease operations, or have no realistic alternative to do so.
Auditor's responsibilities for the audlt of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement. whether due to fraud or error, and to issue an auditor's report
that includes our opinion. Reasonable 35suranco is a high level of assurance, but is not a guarantee
that an audit conducted in accordance with ISA5 IUKI will alway5 detect a material misstatement when
it exists. Misstatements can arise from fraud or error and are considered material if, individually or in
the aggregate, they could reasonably be experted to influence the economic decisions of users taken
on the basis of these financial statement5.
A ftjrther description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at.. https-l/www.frc.org.uVauditorsresponsibilities. This
description forms part of our auditorfs report.
Extent to which the audit was considered capable of detecting irregularities. including fraud
The objectives of our audit, in respect to fraud, are.. to idontify and assess the risks of material
misstatement of the financial statements due to fraud- to obtain sufficient appropriate audit evidence
regarding the assessed risks of material misstatement due to fraud. throu8h designing and
implementing appropriate responses,. 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 Wlth both those charged with governance of the entity and its management.
Our approach wa5 as follows..
We identified area5 of laws and regulations that could reasonably be expected to have a
material effect 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 managernent the policies and procedures regarding
cornpliance with laws and regulations (see below),.
We identified the following areas as those most likely to have such an effect.. health and
safety,. Gener21 Data Protection Regu13tion IGDPRI,. fraud,. bribery and corruption, school
inspections, DBS checks, employment law and Keeping Children Safe in Education under
Sertion 175 of the Education Act 2002. Auditing standards limit the required audit procedures
to identify non-compliance with these laws and regulations to enquiry of the trustees and
other management and inspection of regulatory and legal correspondence, if any. The

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE LEWES OLD GRAMMAR SCHOOL TRUST LIMITED
identified actual or suspected non-compliance was not sufficiently significant to our audit to
result in our response being identified as a key audit matter.
We considered the legal and regulatory fr3meworks directly applicable to the financial
statements reporting framework IFRS 102, the Companies Act 2006 and the charities Act
20111 and the relevant tax compliance regulations in the UK.
We considered the nature of the charitable company's operations, the control environment
and financial performance.
We communicated identified laws and regulations throughout our team and remained alert
to any indications of non-compliance throughout the atjdit.
We considered the procedures and contro15 that the charitable company has established to
address risks idÈntified, or that otherwise prevent, deter and detect fraud- and how senior
management monitors those programme5 and controls.
Based on this understanding we designed our audit procedures to identify non-compliance with such
law5 and regulations. Where the risk was considered to be higher, we performed audit procedure5 to
address each identified fraud risk. These procedure5 included- testing manual journals,. reviewing the
Inancial statement disclosures and testing to supporting documentation; performing analyiical
procedures,. and enquiring of management, and were designed to provide reasonable assurance that
the financial statements were free from fraud or error.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the financial statements. even though we have properly
planned and performed our audit in accordance with auditing standards. For example, the further
removed non-compliance with laws and regulations {irregularitiesl is from the events and transattions
reflected in the financial statements, the less likely the inherently limited procedures required by
auditing standards would identify it. The risk is also greater regarding irregularities occurring due to
fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or
misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to
detect non-compliance with all law5 and regulations.
Use ofour report
This report is made 501ely to the charitable company's members, as a body, in accordance with Chapter
3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state
to the charitable company's members those matters we are required to state to them in an 3uditor5'
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 body, for our audit work, or for the opinions we have formed.
Mark Cummins FCCA {Seni
for and on behalf of TC Group
Statutory Auditots
Office.. Steyning, West Sussex
tory Auditor)
Dated..
£ 2oZS
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LEWES OLD GRAMMAR SCHOOL TRUST
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STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME & EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST2024
Unrestrirted
Funds
DesFgnated
Funds
Restrirted
Funds
Total
2024
Total
2023
Notes
Incoming from:
DonatlDns and legacies
Chaiitable activities
23.204
24,088
10.668.026
27,014
9,785,210
10,668,026
Investments
99,567
99.567
49,956
Total income
10,768,477
23.204
10.791.681
9,862,180
Expenditure on..
Charitable activitie5
10.072.056
2338
16.086
10.090A80
9,532,200
Total expendlture
10.072,056
2,338
16.086
10.090N80
9,532,200
Net income / lexpenditurel
696.421
12.3381
7,118
701,201
329,980
Transfer bètween funds
18
10,359
ILO.3591
Net movement in funds
706.780
12.3381
7.970
13,2411
26.172
701,201
329.980
Fund balances brought forward
Fund balances carrled forward
6.385,070
6,419,212
6.089,232
18
7.091,850
5.632
ZZ.931
7,120,413
6.419,212
All income and gains for the period are recognised above. All of the company'5 activities are classified
as continuing.
The statement of financial activities also complies with the requirements for an income and
expenditure account under the Companies Act 2006.
li

LEWES OLD GRAMMAR SCHOOL TRUST
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BALANCE SHEEr
ASAT31 AU6UST2024
2024
2023
Flxed assets
Notes
Intangible assets
Tangible assets
li
12.575
12,666.008
12,678,583
12,575
12,715,884
12,728,459
Currellt assets
Stocks
Debtors
Cash at bank and in hand
3,468
2,864.353
4,513,52S
2,938
Z,557.083
2.606,547
13
7.381,346
5,166,568
Creditors: amounts falling due within one
year
14
15.518.316)
14,528,411)
Net current assets
1,863.030
638,137
Total assets less current Ilabllltles
14,541,613
13,366,596
Creditors: amounts falling due after more
than one year
15
17.421,2001
16.947,384
Net assets
7.120.413
6,419,212
Represented by:
Restricted ￿ndS
18
22,931
26,172
Unrestricted funds
18
General funds
7.091,850
5.632
6,385,070
7,970
Designated fund5
7.097,482
6,393.040
7,120,413
6,419,212
The accounts were approved by the Board on .......................
SE Bonell Ichairmanl
Company Registration No. 09561129
12

LEWES OLD GRAMMAR SCHOOL TRUST
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CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST2024
Notes
2024
2023
Cash flows from operating aetlvltSes
20
2,718,379
919,739
Cash flows from Investing activities
Purchase of tangible fixed assets
12
14165571
1552.7631
Sale proceeds frcTrm fixèd a55ets
1,301
Interest received
99.567
49.956
Net cash from Investlng actlvities
1316,9901
1501,5061
Cash ftows from finanting actiiiitie5
Loan movement
1244,0371
1224,924
Interest payable
{250.3741
1?46.6601
1494,4111
1471,5841
Increase l {decrea5el In cash and cash
equivalents
1.906.978
153,3511
Cash and cash equivalents at start of year
2.606.547
2,659,898
Cash and cash equivalents at end of year
4.513.525
2,606,547
All cash is cash at bank and in hand.
13

LEWES OLD GRAMMAR SCHOOL TRUST
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NOTESTO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
Statutory Informatlon
Lewes Old Grammar School Trust is a charitable company, limited by guarantee, registered in England
and Wales. The charitable cornpany's registered number and registered office address can be found
on the legal and administrative information page. In the event of the charitable company being wound
up, the liability in respect of the guarantee is limited to £1 per member of the company.
Accounting policies
2.1 Basis of preparation
The financial statement5 have been prepared in accordance with Accounting and Reporting
by Charities.. Statement of Recommended Practice applicable to charitlÈs preparing their
accounts in Èccordance with the Financial Reporting Standard applicable in the UK IFRS1021
(effective l January 20191
Charities SORP IFR51021, the Financial Reporting Standard
applicable in 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 Liabilities are initially recognised at historical cost or transaction value unless
otherwise stated in the relevant accounting policy notelsl. There are no material uncertainties
about Lewes Old Grammar School Trust's ability to continue as a going concern.
The financial statement5 are prepared in sterling, which is the functional currerbcy of the
School. Monetary amounts in the financial statements are rounded to the nearest £
2.2 Income
School fee income is accounted for on a receivable basis and consists of Iharges billed for the
school year ended 31 August 2024, less bursaries and allowances. Fees received for education
to be provided in future years are carried forw3rd as deferred income.
Pupil deposits and fees in advance scheme contracts are those fees received in advance of
education to be provided in future years under a specific contrart. The fees are held within
the unrestricted reserves of the school until taken to income to match liabilities in the tcrm
when used or refunded.
Donatiorbs are accounted for as received by the school.
Grant income and inve5trnent income is accounted for in the period in which the school is
entitled to receipt.
2.3 Expenditure
Expenditure is accounted for on an accruals basis. Overhead and other costs not direttly
attributable to a particular functional activity are included within support costs. The
irretoverable element of VAT is included with the item of expenses to which it relates.
14

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGusf2024
2. Accounting policies IcoDtinued)
2.3 Expenditure (continued)
Governance costs comprise the costs of running the charity, including strategic Trustees, and
all the costs of complying with constitutional and statutory requirements. such as the costs of
Board and Committee meetings and of preparing statutory account5 and satisfying public
ccountability.
2.4 Intangible fixed assets
Intangible assets are capitalised and recognised when future economic benefits are probable
and the cost or value of the asset can be measured reliably.
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 impairment10gses.
Amort15ation is provided on intangible assets at rates calculated to write off the cost if each
asset on a straight-line basi5 over its expected useful life.
Amortisation is provided on the following basis:
School crest
Not amortised
2.5 Tangible Ilxed assets and depreciation
All assets costing more tharb £5￿ are looked at on an individual basis and capitalised if
appropriate. Tangible fixed assets other than freehold land are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost les5 estimated residual value
of each asset over its experted usefLJI life, as follows..
Freehold land 3nd assets under construction are not depreciated
Freehold buildings
2% straight line
Fixtures, fittings & equipment 16.66%15Yo/33% straight line
Motor vehicles
25% reducir)g balance
2.6 Leasing commitments
Rentals paid under operating leases are charged to income as incurred.
2.7 Stock
Stock is valued at the lower of cost 3nd net re31isable value.
15

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
NOTESTO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST2024
2. Accounting policies {continued)
2.8 Pensions
The charitable company operates a defined contribution pension scheme and the pension
charge represent5 the amounts payable by the company to the fund in respect of the year.
2.9 Accumulated funds
Unrestricted funds - these are funds which can be used in accordance with the charitable
objects at the discretion of the trustee5.
Designated funds - these are funds Set aside by the trustees out of unrestrirted general funds
for specific fLrture purposes or prDjects.
Restrirted funds- these are funds which are to be used in accordance with specific restrirtions
imposed by donor5 or which have been raised by the School for particular purposes. The costs
of raising and administering such fund5 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.
2.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments. The Trustees
seek to use short and medium term deposits where possible to maximise the return on monies
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 Creditors and provlsions
Creditors and provisions are retognised where the charity has a present obligation resulting
from a past event that will probably result in the transfer of funds to a third party and the
amount due to settle the obligation can be measured or estimated reliably.
16

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST2024
2. Accounting policies Iconlinued)
2.13 Critical accounting estimates and judgement5
In the application of the school's accounting policie5, the trustee5 are required to make
judgements, estimates and assumption5 about carrying amount if a55et5 and liabilitie5 that
are not readily apparent from other source5. The estimates arbd associated assumption5 are
based in historical experience and other factors that are considered to be relevant. Actual
results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period which the estimate is revised.
The trustee5 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 statements.
3. Turnover
The turnover of the school is wholly attributable to the objects of the school as stated in the
Trustees, Report and is earned entirely within the UK.
4. Net incomel{expenditure)
This is stated after charging:
2024
2023
Depreciation
464,131
454,265
Stock charged as an expense
Operating lease payments
Auditors, remuneration- audit services
1530)
353
140,584
126,643
15,750
17,280
5. Income from donations and legacies
2024
2023
Other donations
24,088
27,014
24,088
27.014
17

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
NOTESTO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST2024
Income from charitable activities
2024
2023
Gross school fees
11,606,555
10,923,517
Bursaries, scholarships and discounts
Net school feès
12.229,826)
9,376,729
12,401,461)
8,522.056
School trip5 and activities income
Catering and transport income
Income from d)aritable actlvities
568,890
607,62(>
722,407
655,534
lQ,668,026
9,785,210
7. Investment income
2024
2023
Interest received
99.567
49,956
Total expenditure
staff costs
Depreciation
other
Cost5
Total
Z024
Total
2023
Charitable activities
Teaching costs
Welfare cost
PremÉses costs
4,936,384
479,287
282,573
612.536
6,310,780
803,254
811,692
915,436
714,115
3.244,497
70,972
5.739,638
1.305.494
1.572,738
1,401,638
10,019,508
70,972
5.403.260
1.169.853
1,580,482
1,320,457
9,474,052
58,148
14,515
374,729
74,987
464.231
Support costs
Total charitable a¢tivitÈes
Expenditure on governance
Total expenditure
6,310,780
464.231
3,315,469
10,090,480
9,532,200
Support costs include governante costs, of which payments to the auditors of £15,7SO12023.. £17,280)
for audit fees. No fees were paid to the auditors for non-audit services in 2024 or 2023.
Trustees
None of the trustees lor any persons connected with them) received any remuneration during the
year. There were no reimbursed expenses this year.
18

LEWES OLD GRAMMAR SCHOOL TRUST
{LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST2024
10. Employee5
Number of employees
The average number of employee5 during the year wa5 a5 follow5:
2024
Number
135
2023
Number
116
Teachers
Finance
Maintenance
Administration lincluding transport)
Catering
IT
io
li
24
28
187
171
The average FTE number of employees during the year was as follows..
2024
Number
96
2023
Number
94
Teachers
Finance
Maintenance
Administration linelLJdinE transport)
Caterin
16
20
135
136
Employment costs
2024
2023
Wages and 53lariÈs
Social security costs
Other pension costs
5,413,398
515,905
381,477
5,058,800
488,348
347,691
5,894,839
6,310,780
The above employment costs include settlement amounts to former employèes, the terms of which
are confidential.
19

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST2024
10. Employee5 (continued)
The number ofemployees whose annual remuneration was £60,DtXl or more were-
2024
2023
Number
Number
£60,000- £69,999
£70,000- £79,999
£150,1J)0 - £159,999
£160,000- £169,999
£170,000 - £179,999
Contributions totalling £46,283 12023.. £45,204) were made to penslon schemes on behalf of
employees whose emoluments exceeded £60,000.
The total employee benefits (including ER'S Nl and pension) of key management personnel of the
school during the year were £595,29812023.. £691,613). Key management during the year tomprised
the Senior Leadership Team.
11. Intangible fixed assets
Cost
School Crest
At I September 2023
At 31 August 2024
12,575
12,575
Net book value
At 31 August 2024
12,575
At 31 August 2023
12,575
20

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST2024
12. Tangible fixed assets
Assets under
Construction
Freehold
property
Motor
Vehicles
Flxtures,
fittings &
equipmertt
Total
Cost
At I September 2023
Additions
13,326,213
122,418
3,000,690
16,449,321
299,452
4,693
112.412
416,557
Disposals
12,3101
12,3101
At 31 August 2024
299,452
13,330,906
122,418
3,110,792
16,863,568
Depreciation
At I September 2023
Charge for the year
2,031,004
179,877
101,439
1,600,994
3,733,437
464,231
5,245
279,1
Eliminated on di5pos31
11081
11081
At 31 August 2024
Net book value
At 31 August 2024
2,210,881
106,684
1,879,995
4,197,560
299,452
11,120.025
15.734
1.230.797
12,666.008
At 31 AuEust 2023
11,295,209
20,979
1,399,696
12.715.884
Included in Land and buildings is freehold13nd at valuation of £4,000,50012023= £4,0(￿,5001, which
is not depreciated. The land, with an origin21 cost ot £3,833,33412023: £3,833,334) was revalued as
at September 2015.
13. Debtor5
2024
2023
Trade debtors
2,467,576
2,310,109
Prepayments and accrued income
359,951
205,931
Other debtors
36,826
41,043
2064,353
2,557,083
21

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST2024
14. Creditors: amounts falling due within one year
2024
2023
Bank loans
Fees in advance
Trade creditors
Taxes and social security costs
Other creditors
Accruals and deferred income
272,539
J.284.838
341,720
120,644
91.305
3rt07,270
264,228
460,133
212,757
128,791
114,105
3,348,417
5,518.316
4,528,431
Deferred Income represents fees due for the Autumn term 2024.
Parents miy cnter into a contract to pay the school fees in advance for fixed contributions towards
the tuition fees. The money may be returned subject to spccific conditions on the receipt of notice.
These fees have been split between less than and more than one year.
The aggregate amount of creditors falling due within one year for which security has been given is
£272,53912023'. E264,228). See note 15 for details of the secured assets.
15. Creditors: amounts falling due after more than one year
2024
2023
Bank loans
Fees in advance
Pupil deposits
5,392.012
1,680,688
348,500
7,421,200
5.644.360
951,424
351,6(K)
6,947,384
Included within the above are amounts falling due as follows:
2024
2023
Between one and two years
Bankloans
272,539
264,228
Between two and five years
Bank loan5
1,067,407
1,037.147
Over five years
Bank loans
4.324.605
4,607,213
The aBgregate amount of creditors falling due after more tharb one year for which security has been
given amounted to £S,392,01212023-. £5.644,3601. These amounts have been secured by first fixed
legal char8e5 in favour of Lloyds Bank plc over the freehold properties of the Trust.
22

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST2024
16. Pension commitments
The School operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the School in an independently administered fund. The pension cost charge
represent5 contributions payable by the School to the fund and amounted to £381,477 12023..
£347,6911- Contributions totalling £63,12712023: £74,343) were payable to the fund at the balance
sheet date and are included in creditors.
17. Share capital and contrel
The company is Ilmited by guarantee and has no share capital. In the event of a winding up. each of
the trustees undertakes to contribute to the assets of the trust such amounts a5 may be required, not
exceeding £1.
No one party has overall control of the charity.
18. Summary of fvnd movement
Movement in Funds
Balance at
I September
2023
Incomlng
Resources
Balance at
31 August
2024
Resources
Expended
Transfèrs
Unrestricted funds
Designaied funds..
Morocco fund
7.970
7.970
12,3381
5,632
General reserves
6,385,070
6.393.040
10,768,477
10,768,477
110,072.0561
110,074.3941
10,359
10,359
7,091,850
7,097,482
Restrirted funds:
Music & Drama furbd
Sport fund
Design & Technology fund
PTA fund
Fairview fund
Cameron Moore fund
5.841
4,765
5,726
665
6.506
4.765
1,8ZO
318
14.2241
111.8621
22.221
110,3591
9.246
594
9,246
594
26,172
23.204
116,0861
110,3591
22,931
Total funds
6,419,212
10,791,681
10,090,480)
7.120A13
23

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGusf2024
18. Summary of fund movement {continued}
The school raises charitable funds and donates them to Education for All, a registered Moroccan NGO,
which supports girls from rural communities of the High Atla5 Mount31ns giving them the opportunity
to continue their education beyond primary school. The large earthquake in Morocco caused severe
damage to some of Education for All's buildings. Some pupils raised money, which the School agreed
to match with a donation of £2,338.
The Music and Drama fund relates to donations received which, along with any gift aid claimed, will
be used to advance the Drama and Music activities and curriculum in the school.
The Sport fund relates to donations received which, along Wlth 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 with any gift aid claimed,
will be used to advance the Design & Technology activitie5 and curriculum in the School.
The PTA fund relates to funds received to reimburse the Trust for specific aEreed expenditure.
Transfers to restricted funds in the year relates to capital expendlture.
The FaiTview fund can be used for any educational or fabric related purpose within the school
following agreement by the donor.
The Camerorb-moore fund relates to the gift aid claimed for payments made towards a pupil's tuition
from an unre13teé third party. The fund is to be used for extraturricular activities, school trips and the
purchase of educational sUPPOrt equipment 2nd materials.
24

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
NOTES TOTHE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST2024
19. Analysls of net asset5 betsveen funds
Unre5trirted
funds
Restriited
funds
Total
Fund balances at 31 August 2024 are reprèsented by:
Tangible fixed assets
Intangible fixed assets
Current assets
Creditors.. amounts falling due within one year
Creditors.. amounts f311ing due in more than one year
12,666,008
12,575
7.358.415
15,518,316>
17,421,200)
7,097,482
12.666.008
12,575
7.381.346
15,518.316)
17,421.200)
7.120.413
22.931
22,931
Unrestrirted
funds
Restrirted
funds
Total
Comparative FUTKI balances at 31 August 2023 are
represented bv:
Tangible fixed assets
Intangible fixed assets
Current assets
Creditors.. amounts falling due within one year
Creditors.. amounts falling due in more than one year
12,715,884
12,575
5,140,396
14,528,431)
16,947,384)
12,715.884
12,575
5,166,568
14,528,431)
16,947,384)
26,172
6,393,040
26,172
6.419.212
20. Net cash inflow/{oufflowl from operating activities
2024
2023
Reconciliation to changes in resources
Net income
Interest received
Intèrest paid
Dèpreciation of tangiblÈ fixèd assèts
Loss on disposal of fixed assets
Ilncrea5elldecrease in stocks
Increase in debtors
Increase in creditors
701,201
199.567)
250,374
464,231
2,202
15301
{307,2701
1,707,738
329,980
149,9561
246.6QO
454,265
1,389
353
1360,5501
297,658
Z,718.379
919,739
25

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BYGUARANTEE)
NOTESTO THE ACCOUNTS
FOR THE YEAR EhlDED 31 AUGUST2024
21. Analysis of changes in net debt
At I September 2023
Cash flows
At 31 August 2024
Cash at bank and in han
Debt due within l year
Debt due after l year
2,606,547
{264,2281
15,644.3601
1,906,978
18,3111
252.348
4.513.525
{272,5391
15,392,012)
13.302.041)
2,151,015
11,151,0261
22. Commitments under operatlng leases
At 31 August 2024 the company had total commitments under non-cancellablÈ operating leases as
follows:
Land & Buildings
2024
Other
2023
2024
2023
Expiry date..
Within one year
Between two and five years
19.841
34.000
35.685
123,323
48,727
19,841
13,042
23. Related party transactions
During the year the school engaged Whyte Photography, operated by P Whyte, the husband of C
Whyte (Head of the Junior School), for photographic services totalling £4,09812023 - £6,6L31- At the
balance sheet date £nil12023 - £nill was outstanding-
Durirbg the year the school engaged M D J Light Bros Ltd for services totallirhg £5,91012023 £3.074I,
company of which l M Light13 Trusteel is a shareholder. At the b31ance sheet date £nil12023- £852)
was outstandinE and is included in creditors.
S Blewitt, the wife of R l Blewitt Ithe Headmaster), is employed by the school and received a total
remuneration over the period of £35,38012023- £32,635).
D Blewitt, the daughter of R l Blewitt (the Headmaster), is employed bythe school and received a total
remuneration over the period of £26,89912023- £19,833).
O Read, the son of S Read IGovernorl, is employed by the school and received a total remuneration
over the period of £21,41512023.. £nill. The school also sponsors his IPGCE qualification.
A Read, the daughter of S Read (Governor). was employed by the school dLJring the period as a GAP
student, and received total remuneration of £8,52312023.. £nill.
26

LEWES OLD GRAMMAR SCHOOL TRUST
(LIMITED BY GUARANTEE)
NOTESTO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST2024
24. Comparative Statement of Financial Activities- 31 August 2023
Unrestricted
Funds
Deslgnated
Funds
Restricted
Funds
Total
2023
Incoming from:
Donations and legacies
Charitable activities
10,304
9,785,210
49.956
L6,710
27.014
9,785,210
49,956
9,862.180
Invèstments
Total income
9,845,470
16.710
Expenditure on:
Charitable activlties
9.513,862
9,513.862
18,338
18.338
9,532,200
9,532,ZOO
Total expenditure
Net income / lexpenditurel
331.608
11.6281
329.980
Transfer between funds
Net movement in fvnd5
331.608
6,053,462
6.385.070
11.6281
27.800
26.172
329.980
6,089,232
6,419.212
Fund balances brought forward
Fund balances carried forward
7.970
7,970
27