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 rȢeive 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 fo￿ard.
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 a￿d 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
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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 prO￿d￿re5 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 balan￿S 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
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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 traD￿ctIOn 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. ACCOUn￿ng 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 balan￿5 at 31 Au8urt 2024 are
represented bv:
Tan8ible fixed a￿etS
Intangible fixed assets
Current 35Sèts
c￿dItors.. 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 balan￿5 ￿Tried forward
706.780
6,385,070
7.091.850
12,3381
1￿70
5,632
13,2411
26.172
22.931
701.201
GA19,212
7,120N13
28