Charity Reglstration No. 1163491 Company Registration No. 09561129 {England and Wales) LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE} TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees S Bonell, Chair E Barry J Brooks A Clarke A Harvey J Li8ht Iresigned on 29 November 20241 J Milner lappointÈd on 5 July 2025 H Moore S Read Headmaster R l Blewitt Bursar and Company Secretary C Scotland Charity Number 1163491 Company Number 09561129 Registered Office & Principal Address 140 High Street Lewes East Sussex BN7 IXS Auditors TC Group The Courtyard ShDreham Road Upper Beeding Steyning West sussex BN44 3TN Bankers Uoyds 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 Trusrees. Report lincorporating the Strategic Report) Statement of Trustees, Responsibilities Independent Auditorfs Report Statement of Flnancial Activities 12 Balance Sheet 13 Cash Flow Statement 14 Notes to the Accounts 15
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE} TRUSTEES, REPORT (INCORPORATING THE STRATEGIC REPORT) STRucfuRE, GOVERNANCE AND MANAGEMEfrrr None of the Trustees has any beneficial interest in the company. All the Trustees are members of the Company and guarznteè to contribute £1 in the everrt of a winding up. The Articles of Association allow for between S and 15 Trustees and there are currently eight on the Board. Trustees meet at least termly to review the companvs affairs and rÈ¢eive reports from senior management including the Designated Safeguarding Lead. Sub committees include the Finance & General Purposes Committee, Academic & Pastoral Committee and Health & Safety Committee. The day to day running of the School 15 delegated to the Head, a5SlSted by the senior Leadership Team SLTI. The Head, Junior School Head and Bursar attend Trustee meetin85. RECRUITMENT. INDucfioN AND ThAINING OF TRUSTEES New Trustee5 are appointed based gn their eligibility, personal competence, specialist skills and local knowledge. The composition of the Board is kept under constant review and new Trustees are inducted by visits to the School, discussion with the Chair of Trustee5, 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 courses specific to their roles. They also receive regular updates from the Independent Schools 8ursars' Association on a variety tsf topics including health and safety, finance and HR matters. The School is actively sèeking to recruit new trustee5. SENIOR MANAGEMENT PAY POUCY In line with pay for all staff, senior management pay is determined by thÈ Trustees who consider, 3mong5t other things, the current market demand for teachers, the financial strength of the School. the economic outlook, the performance of the relevant individuals and the 'going rate for remuneration, of senior management in the local independent school market. Key management personnel are considered to be the Head, Junior School Head and the &ursar. EMPLOYMENT POUCY The School is an equal opportunitie5 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 likely to affect theirinterests. Staff surveys are carried out regularly. Trustees recognise the contribution made by thè School's dedicated staff, whose unwavèring commitment to excellence ensures that Lewes Old Grammar remains a nurturing environment where pupils can meet their full potential.
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) TRUSTEES, REPORT {INCORPORATING THE STRATEGIC REPORT) CHARITABLE OBJEcrs The objects of the School a$ Set out in the Articles of Association are to advance the Èducation of children at the School. Trustees consider carefully the Charity Commission's general guidance on public benefit in setting objectives and planning activitie5. AIMS AND OBJECTIVES The principal objective of the School is to remain a stron& 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 is"Floreat Lewys" (Lewes Flouri5hesl which capture5 the essence of the values that underpin endeavours to givè pupils the opportunity to develop integrityi energy, honesty. confidence and enthu5ia51n. The School provides an excellent education by recogni5ing and developing individLJ21 pupil's strengths, potential and interests within a nurturing environment. This is underpinned by the School being a place of trust and rèspect where all staff take an active interest in the spiritual, moral, social arbd cultural development of every pupil. The School'5 aims are tg.. 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, fgrmer students, parents and staff to take pride in the community's distinctiveness,. Foster interest beyond the school by engaging with the local communwty and developing a national and international awareness. ACHIEVEMENTS AND PERFORMANCE Academic performance Public examination results were In line with expectations. Those le3ving the Sixth Form achieved 66% of their A Level grades Bt either A. B. The grades for this cohDrt at STEC were equally impressive with 83% of the grades at either Distinction or 0i5tinrtion' level. These results showed considerablè value added for the students and enablèd most students to progress on to their first-choice university with Russell Group universities firmly represented. The results at GCSE were equally pleasing matching those achieved135t year. 42% of the grades were graded at 7 or above, and with a pass rate was an impressive 97%. This confirms that teaching stretched the more able students and the high pass rate confirmed that the Sch¢)ol meets the needs of those across the ability rangè. The results for SEN students showed excellent value added as measured throuEh the Attainment 8 measure and the official East Sussex leaguè tables placed LOGS first for grade 5 and above in English and maths.
LEWES OLD GRAMMAR SCHOOL TRUST {LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING THE STRATEGIC REPORT) The results at GCSE. A Level and BTEC reflects considerable hard work by both students and staff. and analysis of the resLJlts confirms that the School is fulfilling one of its key objectives, to enable students to fulfil theiracademic potential. Consldered planning and well-resourced examination arrangements have been a key factor in achieving this goal. At the Junior School we have continued to focu5 On stretch 3rbd challenge. This has involved restructuring the way we organise the interyentSons to enable short, sustained inpLrts which has yielded excellent results. Extension groups have included maths challenges and Shakespeare reading Eroups. and the npw asse$5ment programmes introduced across all departments have given clear data of where neÈd is greatest and whÈre additional support has worked. Pastoral matters The RESPEcf philosophy is now fully established in the Senlor School, actively promoting the School's Core Values. Pupils have been encouraged to ljecome drivers for change by a combination of getting Involved and Fnaking a difference in the School community. Excellent attendance and punctuality are being championed and Improvingthese have become a focus of our pastoral staff. The School's DFE dat3 on attendance showed Junior School attendance l.l% above the DFE average and 4.7% above the East Sussex average for SEN pupils. The Sensor School attendance was 2.3% above the DFE average and 10.4% above the E3st Su55ex average for SEN pupils. These figures are encouraging but we cannot become complacent and we look to drive attendance higher going foard. Thi5 year we have reviewèd the reward system at the junior School and have rnade changes to the way that house points are awarded and have introduced 3 new scheme to raise the profile of the four core values of the school. Thls has meant not only an increased emphasis Dn "working hard" and "being kirid" but on ~getting invglved" and'making a difference". In response to the School Council's request our fundraising has focused on the RNLI, culminating in a visit to the Shoreham Lifeboat to present the funds raised. Othe¥ actlvities Foreign travel continues to be viewèd as an essential way of fostering interests beyond School and to develop a national and international awareness of other cultures. The reward trips to Holland and South Africa reaffirm that pupils, who truly embody the School's Core Values, will have their commitments and achievement recognised. This is also true with the awarding of prizes at thè 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 pupils. The School continues to build both Erit and resilience and the annLJal Whole Schogl Walk was one of the highlights of the summer, with those walking rhi5ing nearly £9000 for charities. The Fish Aid concert was an equally Successful occasion demonstrating the talent gf LOGS pupils in dance. music and drama and raising money for a charity close to the pupils, hearts.
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEEI TRUSTEES, REPORT (INCORPORATING THE STRATEGIC REPORT) COMMUNITY IINKS AND PUBLIC BENEFIT The School continued to improve its links with the local community. Facilities are made available for clubs and societies to use outside normal school hours within Lewes and the surrounding area. The School ha5 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 beneflt to the public which arises from the School educating over 700 pupils, the c05t of which would otherwise have fallen on the state. It is estimated this has saved the public purse an estimated £S.8M, based on an average state education spend per pupil of £8,213. The School also provides financial support 15cholarships, awards and bursaries) on the basis of Inancial need and pupil's educational ability or talent. Bursaries are awarded for financial reasons to 3SSlSt families who would otherwise not be able to access the School's educational offer. PLANS FOR THE FUTURE The School has responded to the changes resulting from thè imposition of VAT, the loss of business rates relief, and increased National Insurance costs. Trustees will continue to monitor these financial developments closely, Ènsuring that dècisions 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 cultlV3ting in them a genuine re5pectfortheir learning and for others, ideas. We will investigate a partnership with companies proven to develop student's ability to learn through neuroscience and metacognition. SEND provision will continue to be developed to ensure that qualityfirst teaching lin combination with learning support for Some SEND students) meets the particular needs of individuals. We need to find additional space so that staff have the re50urce5 to cater for SEND students. The SENDCO needs to have dedicated time to review the latest research into pedagogical methods and tools to inform her training of staff to support the flourishing of all pupils. The School'5 pastoral priorities will continue to promote the importance of equallty through every aspect of School life. Pupil emotional wellbeing and mental health will be improved by the creation of quiet areas in the school where pupils can find peace and calm during the school day. The estate and infrastructure priorities will be carefully considered as part of the School's strategic plan. Projert5 will need to be 'conservative" during a period of financial uncertainty and those investments made must produce the greatest benefits for pupils. The School aims to secure lasting relationships with those local partnèrs leg Southdown Clubl whose facilities are used for sport and the performing arts. The School will continue to investigate ways to reduce its carbon footprint for both commercial as wèll as environmentally ethical reasor)s.
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE TRUSTEES, REPORT IINCORPORATING THE STRATEGIC REPORT) FINANCIAL REVIEW The School raises its funds from fees and related activities arbd has not engaged In appeals for many years. Estate projects have either been financed from surpluses after ordinary expenditure. or by borrowing under careful control to ensure loan commitments are affordable. The SchDoI generated income of £11,235K12024- £10,792KI and expenditure totalled £10.452K12024 £10,090KI givinÉ 3 surplus for the year of £783K12024 £701KI. Trustees are conscious of Ehè need to have fund5 available to cope with the current economic uncertainties and to ènable continued investment in property and staff to ensure we corrtinue to provide an excellent level of education for our pupils. Of the £783K surplus generated in ihe year, £401K has been a15ocated to a designated fund for specific upcorning property improvement to 144 High Street and estate development of Mead House. Total funds as at 31 August 2025 were £7,903K12024 £7.120KI of which £430K12024 - £29KI was held in designated and restricted funds. The Scht)ol holds unrestricted reserves of £7,473K1£2024 - £7,092KI which include tangible fixed assets of £12,290K12024- £12,666KI and long term bank loans of £5.156K12024 - £5,392KI. Gros5 fees were £11,768K 12024 - £11.606KI whilst scholarships, awards and discounts totalled £2,071K12024- £2,230KI giving net fee income of £9,698K12024- £9,377KI. Scholarships. awards and discounts totalled 17.6% of gross fees12024- 19.2%). Trustees monitor perforfflance using Key Financial Performance Indicators which are reporteLI on termly. RISK MANAGEMENT Trustees are responsible for the identification and management of risks faced bythe School. Risks are assessed and controls established throughout the year and are delegated to the Senior Management Team whère appropriate. Trustees review thè full Risk Register annually. Trustees considerthe major pc>tential risks to the School to be: En5urir)g safeguarding and inspection in an increasingly regulated environment The challenging ecorbomic environment adversely affecting pupil numbers CompetltSon from independent and state schools affecting pupil numbers Inflationary pressures on certain costs A variety of controls are used to mitigate risk including strategit planning and budgeting. saf8r recruitment, staff training, marketing and form31 written policies. TIu5tees are satisfied that systems and procedures are in place to mitigate exposure to the ma}or risks. REPORTABLE INCIDENTS During the year there was only one incident which required notifitatlon to the Charity Commission which rÈ13tèd to the conduct of a former employee,
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING THE STRATEGIC REPORT) Approved by the Board on .... and signed on ils behalf by.. SE Bonell Ichairl
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees, who are also the Directors of Lewes Old Grammar School Trust Limited for the purpose c>f company law, are responsible for preparing the Trustees, Report lincorporating the Strategic Report) an(i the accounts in accordance with applicable law and United Kingdom Accounting standards (United 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 thè 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.. selett 5Ultable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgemènts and estimates that are reasonable and prudent,. and prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will contirlue 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 Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for takin8 reasonable steps for the prevention and detection of fraud an(i other irregularities.
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEWES OLD GRAMMAR SCHOOL TRUST LIMITED Oplnion We have audited the financial statements of Lewes Old Grammar School Trust (the 'charitablÈ ompany'l for the year ended 31 August 2025 which compromise thè Statement of Financial Activities, the Balance Sheet. the Cashflow Statement and notes to the financial statements. The financi31 reporting framework that has beerh appliecl in thèir preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true ad fair view of the state of the charitable company's affairs as at 31 August 2025 3nd of its incomlng resources and application of resource5, 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. Basis of oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of thÈ 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 statements in the UK, including the FRC'S Ethical Stsndard. and the provisions available for small entities, 2nd we have fulfilled our ethical responsibilitie5 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. Contluslons 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 where: the Tru5tees' use of the going concern basis of accountin8 in the preparation of the financial statemènts is not appropriate- or the Trustees have not disclosed in the financial 5tatement5 any identified material uncertaintie5 that May cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period ol at leasttwelve months from the date when thè financial statements are authorised for issue.
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT {CONTINUED} TO THE MEMBERS OF LEWES OLD GRAMMAR SCHOOL TRUST LIMITED Other information The other information comprises the information included 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 cover the other information and, except tg the extentothetwise explicltlystated in our report. we do not expre55 anyform 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 [% 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 inconsistencies or apparent material misstatements, we are required to determine whether there is 3 matèrial misstatement in the financial statements or a material misstatement of the other information. If. based on the workwe have pèrformed, we cornclude that there is a material misstatement of this other informatlon, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Art 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 st3tements are prepared is consistent with the financial statements- and the strategic report and the directors, report have been prepared in accordance wlth applicable legal requirements. Matters on which we are required tg report by exception In the light of our knowledge ar)d understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the strate8iC report and the directors, report. We have nothin8 to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you If, in our opinion.. adequate accounting records have not been kÈpt, or returns adequate for our audit have not been received from branches not visited by us: or the financlal 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 rèceived all the information and explanations we require,. or the directors were not entitled to prepare the financial statements in accordance with the sm311 companie5 regime and take advantage of the small companies, exèmptions in prèparing the trustees, report and from the requirement to prepare a strJtegic report.
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED} TO THE MEMBERS OF LEWES OLD GRAMMAR SCHOOL TRUST LIMITED Responslbilitles of trustees 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 preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud orerror. In preparing the financial statements, the trustee5 are responsible for assessing the charitable company's ability to COF)tinue as a golng concern, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative to do so. Audltor's responsibilitles for the audlt of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial statement5 as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISA5 {UKI will always 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 decision5 of users taken on the basis of these financial statements. A further de5criptlon of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's web51te at- https'.//www.frc.org.uVauditorsresponsibilities. This description forms part of our auditor's report. Extent to which the audlt was considered capable of deterting irregularitle5, including fraud The objectives of our audit, in respect to fraud. are.. to identify 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, through 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 with both those charged with governance of the entity and its management. Our approach was as follows.. We identified areas of laws and regulation5 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 standardsl. and discussed with the trustees and other management the policies and procedures regarding compliance with laws and regulations (see belowl- We identified the following areas as those most likely to have such an effert= health and safety: General Data Protection Regulation IGDPRI,. fraud,. bribery and corruption. school inspection5, D8S checks, employment law and Keeplng Children Safe in Éducation under Section 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 inspertion of regulatory and legal Correspondence, if any. The io
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF 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 frameworks directly applicable to the financial statements reporting framework IFRS 102, the Companie5 Act 2(K)6 and the Charities Att 20111 and the relevant tax compliance re8ulations in the UK. We considered the nature of the charitable companqs operations, the control environment and financial performance. We communicated identified laws and regulation5 throughout our team and remained alert to any indications of non-compliance throughout the audit. We considered the procedures and controls that the charitable company has established to addres5 risks identified, or that otherwise prevent, deter and detect fraud: and how senior management monitors those procedures and control5. Based on this understanding we deslgned our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher. we performed audit procedures to address each identified fraud risk. These procedures included= testing manual journals,- reviewing the financial statement disclosures and testing to supporting documentation,. performing analytical pracedures; and enquiring of manaEement, 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 lirregularitiesl is from the events and transactions reflected in the financial statement5. the less likely the inherently limited prOdre5 required bv 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 laws and regulations. Use of our report This report is made solely to the charitable company's members, as a bodyi 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 auditors. report and for the no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibillty to anyone other than the charitable company and the charitable company's members, a5 a body, for our audit work, or for the opinions we have formed. Tc fro Mark Cummins FC for and on behalf of TC Group Statutory Auditors Office: Steynin& West Sussex atutory Audltor) Dated= ApfiL to21 li
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST2025 General Funds Designated Funds Re5trlcted Fund5 Totsl 2025 Total 2024 Notes Incomlngfrom: Donations and legacies Ch3ritable activitie5 2&210 11,049,343 137,694 19,462 47,672 11,049,343 137.694 24,088 10,668,026 99,567 Investments Total Income 11,215,247 19,462 11,234.709 10.791,681 Expenditure on: Charitable activities 10,432*32 10,432A32 19,042 10.451,874 10,090,480 Total expendlture 19,042 10.451,874 10,090,480 Net Income 782,415 1401.oool 420 782.835 701,201 Yransfers between funds 18 401.000 Net movement in fund5 381,415 401.OQO 420 782.835 701.201 Fund balanS brought forward Fund balances carrled forward 7.091,SSO 5.632 22,931 7.120.413 6,419,212 7.120,413 18 7.473.265 406,632 23,351 7.9Q3,248 All income and gain5 for the period are recognised above. All of the company's activitie5 are classified as continuing. The statemerht of financial activities also complies with the requirements for an income and eKpenditure account under the Companies Act 2006. 12
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) BALANCE SHEET ASA T31 AUGUST2025 2025 2024 Fixed assets Intangible assets Tangible assets Notes li 12,575 12,290,268 12,302,843 12.575 12,666,(K)8 12,678,583 12 Current a$5ets Stotks Debtors Cash at bank and in hand 2,974 3,199,595 4,269.179 7A71.748 3.468 2.864,353 4,5L3.525 13 7,381,346 Creditors: amounts falllng due withlh one vear 14 15.669.299) 15,518.3161 Net current assets 1,802,449 1,863,03D Totsl assets less current Ilabilities 14,105,292 14,541.61a Creditors- amounts falling due after more than one year Is 16.202,044) 17,421.2001 Net assets 7.903,248 7,120.413 Represented by: Restrlcted funds 18 23.351 22,931 Unrestricted ndS 18 General funds 7A73,265 406.632 7,091,850 5,632 Design3ted funds 7,879.897 7,097,482 Total funds 7,903.248 7,120,413 The accounts were approved by the Board on SE Bonell (Chairman) Company Registration No. 09561129 13
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) CASH FLOWSTATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Notes Cash flows from operating activities 20 203,369 2,718,379 Cash fflow5from investin8 activitie5 Purchase of tangible fixed assets Iz 1123.1591 1416.5571 Pre-registration VAT reclaimed on fixed assots 12 15,474 Interest received 137,694 99,567 Net cash flows from inverting a¢tlvities 30.009 1316,9901 Cash fiows from flnandng actlvities Loan movemenl 1227,9311 1224.0371 Interest payable 1249,7931 1250,3741 Net cash flow5 from financlng activltles 1477.7241 1494,4111 Increase I Ideueasel In cash aThd cash equiwalents 1244.3461 1.906.978 Cash and cash equivalent5 at start of year 4513.525 2.606.547 Cash and cash equivalents at Ènd of year 4269.179 4,513,52S All cash is cash at bank and in hand. Anatysls of cash and cash equivalents Cash at bank and in hand 4,269,179 4.513525 Bank loan within one year 1280.3861 12725391 Bank loan after one year 15.156.234) {5.392,0121 Total cash and cash equivalents 11,167,441) {1,151.0261 14
LEWES OLD GRAMMAR SCHOOL TRUST ILIMITED BY GUARANTEE) NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2025 statutory Information Lewès Old Grammar School Trust is a charitable company, limited by guarantee, registered Sn England and Wales. The charitable company's registered number and registered ollice address can be found on the legal and administrative infom)ation 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 statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparins their accounts in accordarbce with the Financial Reporting Standard applicable in the UK IFRS102 (effective l January 20191 Charitie5 SORP IFRS1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 and the Comp2nies Act 2006. Lewes Old Grammar School Trust meets the definition of a public benefit entity under FRSIO2. Asset5 and Liabilities are initially recognised at historicèl c05t or traDctIOn value unless otherwise stated in thè relevanl accounting policy notelsl. There 3re no material uncertainties about Lewes Old Grammar School Trusys ability to continue as a going concern. The financial statements are prepared in sterling. which is the functional currency of the school. Monetsry 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 chorges billed for the school year ended 31 August 2025. less bursaries and allowances. Fees received for education to be provided in future years are carried forward as deferred income. Pupil deposit5 and fees in advance scheme contracts are those fees received in advance of education to be provided in future y@3rs under a specific contract. The fees are held within the unrestricted reserves of the school until taken to income to match liabilities in the term when used or refunded. Donations are accounted for as received by the school. Grant income and investment income is accounted for in the period in whith the schoDI is entitled to recelpt. 2.3 Expenditure Expenditure is accounted for on an accruals basis. Overhead and other costs not directly attributable to a partlcular functional 3Ctivity are included within support costs. The irrecoverable elèmènt of VAT is included with the item of expenses to which it relates 15
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 2. Accounting pollcles Icontlnuedl 2.3 Expenditure {continued) Governance costs comprise the costs of running the charity, including strateglc Trustees, and all the c05t5 ijf curnplying with constitutional and statutory requirement5, such as the costs of Board and Committee meetings and of preparing statutory accounts and satisfying public accountability. 2.4 Intangible lixed assets Intangible assets are capitalised and recognised when future economic benefits are probable and tho cost or value of the asset can be measured reliably. Intangible assets are initially recognised at cost. After recognition, under the c05t model, intangible assets are measured at cost less any accumulated amort15ation and any accumulated impairment losses. Arnortisation 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 Tan8lble fixed assets and depreciation All assets costing more than £500 are looked at on an individual basis and c3Pit31isèd if ppropri3té. Tangible fixed assets other than freehold12nd are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost lèss estimated residual value of èach asset ovèr its expected useful life. as follows.. Freehold property Fixtures, fittit)gs & equipment Motor vehicles 2Yo Straight line 16.66%15Y.133Yo Straight line 25% reducing balance Assets under CDnStructign are not depreciated. 2.6 Leasing commltments Rentals paid under operatlng leases are charged to income 3$ incurred. 2.7 Stock Stock is valued at the lower of cost and nèt rÈalisable valLJe. 16
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 2. ACCOUnng policies Icontlnuedl 2.8 Pensions The charitable company operates a defined contrlbution 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 Unrestricted funds these are funds whlch can be used in accordance with the charitable objects at the discretion of the trustees. Designated funds- thesÈ are funds set aside by the trustees out of unrestricted general funds for specific future purpose5 or projects. Restricted funds- these are fund5 which are to be used in accordance with specific restrirtlons imposed by donors or which 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 io 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 seekto 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 debtors are recognised at the settlement amount due after any trade discount offèred. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.12 Creditors and provi51ons Creditors and provisions are recognisèd where the charity ha5 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. 17
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS {CONTINUED} FOR THE YEAR ENDED 31 AUGUST2025 2. Accountlng policies (continued} 2.13 Critical accounting estimates and judgements In the application of thè school's accounting policies. the trustees are required to make judgements, estimates and assumptions about carrying amount if assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based in historical experience and other fartors that are tt)nsidered to be relevant. Actual results may dlffer 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 judeement that need to be brought to the attention of the readers of the financlal statements. 3. Turnover The turnover of the school is wholly attributable to the objects of the school as statèd in thè Trustees, Report and is earned entirely within the UK. 4. Net In¢omel{expendlture} This is stated after charging.. 2025 2024 Depreciation Stock charEed as an expense 467.192 464,231 494 15301 140,584 Operating lease payments Auditors, remuneration- audit services 118,960 16.500 15.750 S. Income from donatlons and legacie5 Unrestrlcted 2025 Restricted 2025 Total 2025 Total 2024 Other donations 28,210 19,462 47.672 24,088 28,210 19,462 47.672 24,088 18
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Income from charitsble actlvities 2025 2024 Gr955 school fees 11.768.927 11,606,555 8ursaries, schtslarships and discounts Net school fees 12.070.778) 9,698,149 12,229,826 9,376,729 School trips and attlvlties income CaterinÉ and transport income In¢¢me from charltable artivitles 534,035 568.890 817,159 722.407 11.049343 10,668,026 7. Investment income 2025 2024 Interest received 137,694 99.567 Total expenditure Siaff costs Depreciation Other Costs Total 2025 Tot31 2024 Charitable activities Teaching costs Welf3re costs Premises costs 5.255,730 546,700 205,951 758,583 6,766,964 817,358 738,227 927,081 669,290 3,151,956 65,762 6.073,088 1,299N2 1.510,722 1.502,860 10,386.112 65.762 5,739,638 1.305,494 1,572,738 1,401,638 10.019.508 70,972 14,515 377,690 74,987 Support costs 467,192 Expendlture on governance Total charltable a¢tivitie5 6,766,964 467,192 3,217.718 10,451,874 10,090,480 Support costs include governance cgsts, of which payments to the auditors of £16.50012024: £15,750 for audit fees. Fees totalling £4,425 were paid to the auditors ir) relation to non-audit services12024.. £nill Trustees None of the trustees lor any persons connerted with them) receivèd any remuneration during the year. There were no reimbursed expenses thi5 year. 19
LEWES OLD GRAMMAR SCHOOL TRUST {LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 10. Employees Number of employees The average number of employees duringthe year was as follows.. Z025 2024 Number 135 Number 142 Teachers Finance Maintenance Administration (including tran5POrtI Catering IT io 2S 24 195 187 The average FTE number of employees during the year was as follows.. 2025 Number 98 2024 Number 96 Teachers Finan Maintenance Administration (including tran5POrtI Catering 17 16 137 135 Employment costs 2025 2024 Wages and sal3riès Social security costs Other pension costs 5,756,888 620,875 389.201 5.413,398 515,905 381,477 6,766,964 6,310.780 The above employment costs includè settlement amounts to former employees, the terms of which are confidential. 20
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 10. Employees {continuedl The number of employees whose annual remuneration was £60,000 or more were.. 2025 2024 Number Number £60,000- £69,999 £70,000- £79,999 £80.000- £89,999 £170,000- £179.999 Contributions totalling £64,562 (2024.. £46,283) were made to pension Schemes on behalf of employees whose emoluments exceeded £60,000. The total employÈè benefits (including ER'S Nl and pension) of key management personnel of the school during the year were £662,34412024.. £595,298). Key managernent during the year comprised the Senior Leadership Team. 11. Intangible fixed a55ets tost Sthool Crest At I September 2024 At 31 August 2025 12.575 Net book value At 31 August 2025 12.575 At 31 August 2024 12,575 21
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 12. Tanglble flxed assets Assets under construction Freehold prtspérty Motor Vehicles Fixtures, fittings & equipment Total Cost At I September 2024 Additions 299,452 13,330,906 1,803 122,418 3,110,792 16,863.568 123,159 121.356 Transfer 1299,4521 111,170 188.282 Disposals VAT rÈcl3imed 18,4661 114,7951 120,7121 13,6401 129,1781 118,4351 At 31 August 2025 13,420.618 122N18 3.396W78 16.939,114 Deprecwtlon At I September 2024 Chargè for the year Eliminated on dispos31 2,210R81 106,684 3.934 1,879,995 4,197,560 467,192 182,567 280,691 112,9451 112.9451 VAT reclaimed 11,5581 11.4031 12,9611 At 31 August 2025 Net br)ok value At 31 August 2025 Z.391,890 110.618 2.146,338 4,648A46 11,028.n8 iiwio 1,249.740 12,290,268 At 31 August 2024 299,452 11.120.025 15.734 1,23CI,797 12.666,008 Included in Land and buildings is freehold land at valuation of £4,000,51xI12024: £4,QOO,S001, which is not depreciated. The land, with an original cost of £3,833,33412024.. £3,833,334) was revalued as at Septembèr 2015. 13. Debtors 2025 2024 Trade debtor5 2.845,031 2.467.576 Prepayments and accrued income 340,765 359,951 Other debtors 13.799 36,826 3,199.595 2.864,353 22
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE} NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 14. Creditors: amounts falllng due wSthin one year 2025 2024 Bank loans Fees in advance Trade creditors Taxes and social security costs Other creditors Accruals and deferred income 280,386 960,599 266,575 669.647 139.866 3352,226 272,539 1,284,838 341,720 120,644 91305 3,407,270 5.669,299 5,518,316 Deferred income represents fees due for the Autumn term 2025. Parents may enter into a contract to pay the school fees in advance for fixed contributions towards the tuition fees. The money may be returned subjett to specific 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 £280,38612024.. £272,539). See note 15 for details of the secured assets. 15. Creditors: amounts falling due after more than one year 2025 2024 ank loans Fees in advance Pupil deposits 5,156,234 708.760 337A)50 5,392,012 1,680,688 348,500 6.202,044 7,421,200 Included within the above are amounts fallin8 due as follows.. 2025 2024 Between one and two years Bank loans 280.386 272,539 Between two and five years Bank Ic>3ns 1,128.791 1,067,407 Ovèr five years Bank loans 4.027,443 4,324.605 The aggregate amount of creditors falling due after more than one year for which security has been given amounted to £5,156.23412024'. £5,392,012). These amounts have been secured by first fixed legal charges in favour of Lloyds Bank plc over the freehold properties of the Trust. 23
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 16. Penslon commltments The School operate5 a defined contribution pension scheme. The assets of the scheme are held Separately from those of the School in an independently administÈred fund. The pension cost charge represents contributions payable by the School to the fund and amountÈd to £389,201 12024: £381,477). Contributions totalling £64,95012024: £63.1271 were payable to the fund at the balance Sheet date and are included in creéitors. 17. share ¢apitsl and control The company is limited 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 as may be required, not eKceedinE £1. No one party has overall control of the charity. 1& summary of fund movement Movement in Funds Balance at I September 2024 Balance at 31 August 2025 Ineomlng Resources Resources Expended Transfers Unrestrirted funds Designated funds: Mc>rocco fur)d Capital project fund 5,632 5.632 5.632 401.000 406.632 General reseryes 7,091,850 7,097.482 11,215.247 11,215,247 110,432,832) 110,432.8321 1401,0(K>I 1401,0001 7.473.265 7,879,897 Restrirted funds: Music & Drama fund Sport fund Design & Technology fund PTA fund Falrview fund Carneron Moore fund 99 6.605 4,765 2,269 4,765 1,820 449 18.914 118,9141 9,246 594 22,931 9.246 11281 119,0421 19,462 23.351 Totsl funds 7,120,413 11,234,709 110.451,8741 7,903,248 24
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGusf2025 18. Summary offund mr)vement {contlnued) Desi nat@d funds The school ralses charitable funds and donates them to Education for All, a registered Moroccan NGO. which 5UPPOrts girls from rural communities of the High Atlas Mountains glvlng them the opportunity to continue their education beyond primary school. The Capital project fund relates to specific upcoming property improvement to 144 High Street and estate development of Mead House. Restricted funds The Music and Drama fund rèlates to donation5 received which, along with any glft ald claimed, will be used to advance the Drama and MLJSIC attivities and curriculum in the school. The Sport fund relates to donation5 received whlch, along with any gift aid claimed, wlll be used to advance the Sport activities and curriculum in the school. The Design & Technology fund relate5 to donations received which. along with any gift aid claimed, will be used to advance the Design & Technology artivitie5 and curriculum in the school. The PTA fund relates to funds received to reimburse the Trust for specific agreed expenditure. Transfers to restricted funds in the year relates to capital expenditure. The Fairview fund can be used for any educational or fabric related purpose within the school followin8 agreement by the donor. The Cameron-moore fund relates to the gift aid c13imed for payment5 made towards a pupil's tuition from an unrelated third party. The fund is to be used for extracurricular activities, school trips and the purchase of educational support equipment and matÈrials. 25
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 19. Analys55 of net a5set5 between funds General and DesiEn3ted funds Restricted funds Total Fund balances at 31 August 2025 are represented by: Tangible fixed assets Intangible fixed assets Current assets Credltors.. amounts falling due within one year Creditors.. amounts falling due in mare than one year 12,290,268 12.575 7,448,397 15.669.299) 16.202,0441 7,879,897 12,290.268 12,575 7.471.748 15,669.2991 16,202,044) 7.903.248 23.351 23,351 General and Oesignatèd funds Restricted funds Total Comparativè Fund balan5 at 31 Au8urt 2024 are represented bv: Tan8ible fixed aetS Intangible fixed assets Current 35Sèts cdItors.. amounts falling due withln one year Credttors.. amounts falling due in more than one year 12,666.008 12,575 7,358,415 15,518,316) 17,421,200) 12,666.008 12,575 7,831,346 15,518,316) 17,421,200) 22,931 7,097,482 22,931 7,120,413 20. Net cash inflow/(outflowl from operating activities 2025 2024 Reconciliation to changes in resources Net income Interest received Interest paid Depreciation of tan8ible fixed 3SSets L055 on disposal of fixed assets Ilncreasel/decrease in stocks Increase in debtors Increaselldecreasel in creditor5 782,835 {137.6941 249,793 467,192 16.233 494 1335.242} 18402421 702,201 199,5671 250,374 464,231 2,202 15301 1307.2701 1,707,738 203,369 2,718,379 26
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 21. Commltmems under operating leases At 31 August 2025 the company had total commitments under non-cancellable operating leases as follows: Land & Buildin85 2025 Other 2024 2025 20244 Expiry date= Within one year Between two and five years 19,841 44,493 35,685 13,042 37,12Z 22. 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 £1,45712024- £4,098). At the balance sheet date £nil12D24- £nill was outstanding. During the year the school engaged M D J Light Bros Ltd for services totalllng £3,09312024- £5,910), a company of whichj M Light la Trustee- resigned 29/11120241 is a shareholder. Atthe balance sheet date £nil12024- £nill was OUtstsnding- Members of close family of governors and key management personnel received remuneration of 102,07412024.. £92,217). E Barry IGovernorl, J Milner (Governor) and C Scotland (Bursarl are parents of pupils attending thè sthool during the year for whom fees were payable to the school. Fee5 payable and any discounts were ¢harged and awarded on the same basis as for other parents and staff. 27
LEWES OLD GRAMMAR SCHOOL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 23. Comparative Statemeni of Financial Actlvltles- 31 August 2024 Unrestrirted Funds Designated Funds Restricted Funds Total 2024 IncomlnKfrom; Donations and legacies Charitable activities 23.204 24.088 10,668.OZ6 99,567 10.791,681 10.668.026 99.567 10,768A77 Investments Total Income 23.204 Expenditure OA= Charitable activitios 10,072,056 10,072056 2,338 2338 16,086 16.086 10,090,480 10,090,480 Total expenditure Net Income l {expendlture) 696A21 113381 7,118 701.201 Transfer between funds 10359 110.3591 Net movement in funds Fund balances brouBht forward Fund balan5 Tried forward 706.780 6,385,070 7.091.850 12,3381 170 5,632 13,2411 26.172 22.931 701.201 GA19,212 7,120N13 28