LINGFIELD COLLEGE IA COMPANY LIMITED BY GUARANTEEI ANNUAL REPORT AND FINANCIAL STATEMENTS 31 ALIGVSY 2024 Company Re8lStration Number 02072135 Re8lSterÉd Charity Number 295598
LINGFIELD COLLEGE Page I LEGAL AND ADMINISTILATIVE DETAILS DIREoRs, TRUSTEES AND MEM8ERS Mr S Bell Mrs N Calvey Mrs A Cooper Mr P Dodridge Mrs S Douglas Mr K Gutterid8e Iresigned 14 November 20231 Mrs F Halpin Iresignèd 20 October 20231 Mr M Mccann Mrs J Mills lappointed I September 20241 Mr P T Samuels Mr D Sansorn (appointed I September 20241 Mrs A Tait GOVERNORS hAr S Chartes (appointed Y June 20241 Mr J Greenfield lappointed 4 September 20241 Mrs C McNamar3 lappointed 4 September 20241 Mrs J Steer (appointed 6 January 20251 The Trustees are also Governors of the School. HEADMASTER MrRW8001 REGISTERED OFFICE tin8field College Racecourse Road Lingfield Surrey RH7 6PH REGISTEREDCOMPANY NUMBER 02072135 REGISTERED CHARITY NUMBER 295598 BANKERS Iloyds Bank PIC 1-3 London Road East Grin5tead West Sussex RH19 IAH SOLICITOAS Russell-cooke Solicitors 2 Putney Hill London SWIS 6AB
LINGFIELD COLLEG£ Page 2 LEGAL AND ADMINISTRATIVE DETAILS AUDITORS TC Group One Bell Lane Lewes East Sussex BN71JU
UNGFIELD COLLEGE Pège 3 DIRECTORS. AND TRUSTEES, REPORT for the year ended 31 Augvst 2024 The Directors are pleased to submit their annual report for the year ended 31 August 2024 which is prepared to meet the requirements for a Strategic Ileportlor Companies Act purposes. The financial stètèments comply with thecharities Act 2011. the Companies Act 2006, the Memorandum and Articles of Associarion, and Accouriting and Reportin8 by Charities.. Statement of Recommended Practice applicable to charit1È5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repijblic of Ireland IFRS 1021 leffettive l January 20191. STRUCTURE, GOVERNANCE AND MANAGEM£NY Strurture Lin8field College -the School- is a tharitable company incorporated on 7 November 1986 ITr England and Wales, and is a cornpany limited by the guarantee of its members to a maximum of £1 each. The total number of such guarantees at 31 August 2024 15 812023..81. 6overning Lkjcument The constitution of the Cornpany is contained in the Memorandum and Articles of Association adopted by spetial iesolution on 14 February 2018. Dor5 ond Trustees The Directors are members of the Company and Trustees for the purpose of charity law. 7he Company 15 required tg have a minimum of four and a mamimum of fifteen Tru5tee5. New Trustees are invited, when approprlate. and followin an interview process to join the board after being assessed by the existing Trustees a5 to their suitability regarding their personal cornpetence, specialist skills, and availability. The Trustees who served during the year and since the year-end are.. Mr S Bell Mrs N Calvey Mrs A Cooper Mr P Dodridge Mrs S Douglas Mr K Gutterid8e (resigned 14 November 20231 Mrs F Halpin (resigned 20 October 20231 Mr M Mccann Mrs J Mills (appointed I September 20241 Mr P T Sarnuels Mr D Sanstsrn lappointed I September 20241 Mrs A Tait Trustees are appointed for four year5. Retiring Trustees may be re-appointed, but a Trustee who has served for two consecutive terms must take a break from office for one year before being re-appointed, unles5 re-appointment is deemed to be in the best interest ol the Charity. Tmstet Trolnlr New frustee5 are inducted into the workings of the School and also of the Company as a registered charity through meetings with existing Trustees, the fvleadmaster and other key staff members. Trustee Meetings The TrustÈes meet at least three times a year to consider, when appropriate, the school's general policy, to review its current activities and financial performance and to address any issues which may affect the efficient and effective management of the business. The Headmaster and other relevarft staff members may be requested ro attend meetln8S in an advisory capacity.
LINGFIELD COLLEGE Page 4 DIREcfoRS' AND TRUSTEES. REPORT for the year ended 31 August 2024 Gov¢rRJors vnd the Govefnlnq Body The Articles of A55ociation allow the Trustees to delegate their powers and functions, as well as irnplement their decisions as they see fit. The Trustees have appointed Governors and established several sub-committees to help Ihem carry out their duties. All current Trustees also Serve as Governors. The role of the Governing Body is to assist the Tru5tee5 in ensuring that the School operates successfully in line with its charitsble objectives and strategic plans, and to act as an advisory body to the Trustees. The Governing Body meets at least once in every School term to help the Trnstees deterrnine the general policy of the School and review Sts overall management and control. The Trustees have cleated several sub-committees tts review and advise on policy in various key areas. Each 5ub- tommittee rneets terrnly before each meeting ol the full Governin8 8ody. The day-to4ay management of the School is dele8ated to the Headmaster, supported by hi5 Leadership team. The Governing Body of the School durin8 the year and since the year ernd comprised the Director5 and frustees Ilisted on page 11 together with the following.. Mr 5 Charles (appointed 3 Jyne 20241 Mr l Greenfield (appointed 4 September 20241 Mrs C McNamèra (appointed 4 September 20241 Mr5 J Steer (appointed 6 January 20251 The above-narned governors were not rrustees under charity law or director5 under cornpany law. All Trustees and Goverrsors glve their time freèly and no remuneration was paid in the year. OBJEcfs. AIMS. OBJECTIVES ANO PRINCIPAL ACTIVITIES The main objects of the School, as set out in itsArticles, are to promote anis provide a co-educattonal School forchildren a8ed 6 months to 18 as an educational charity. It may also develop Courses to be delivered in other forms for educational purposes. There are no speclfic restrictions imposed upon the charity provided these aims are pursued. Slrategk Alm and Intended effect The School's strategic aim continues to be to develop Students ag individuals, to prepare them for the challenges thev will face after School and enable them to acquire the life sk411s. 5elf-awarenes5 and compassion required. The School aiTv5 to achieve these goals through the development of pupils, abilitie% and academic potential, providing the appropriate environment in terms ol facilities, equipment and skilled staffing. and motivatin8 pupils ultimately to leave the School as good citizens suitably equipped to enjoy the challenges and opportunities of life. Objectives of the Year In settin8 their objectives. theTrustees carefullycon5ider the Charity Commission's general guideline5 on public benefit. specifically the supplementary guidance regarding advancing education and fee charging. The primary goal for the School thi5 year remains the education of all pupils to at least the same high standard achied In previous years. This ensures that they are well•repared to sueteed in eithèr hi8hèr education or their chosen careers. Strats8y & Ethos As a charitable trust. the Trustees are responsible for developing rhe strategy to achieve its objectives. The focus of our strategy, operating in Ilne with broadly ChT15tian values. is on the development and motivation ol our pupils in a caring and safeguarded environment and malntalning the accessibility of the School io pupils from all backgrounds. In order to forward our strategy, we..
UNGFIELD COLLEGE Page 5 DIRECTORS, AND TRUSTEE5' REPORTfor the year ended 31 August 2024 contSnually revlew and improve the School's academic syllabus and teaching practices in orderto maintaifi and improve examination results,. recruit and develop well qualified staff and maintain hi8h teacher to pupil ratios., invest in technology, buildings and equiprnent., re8ularly communicate with parents through reports, parents. evenings, new51etter5. emails, Twitter. Facebook. Insta8ram and the School website.. and ensure that the extensive ranBe of extra-curricular activitSes available to our pupils remains stimulatln8 and challen8in8. In addition. our strategies provide for the welfare of our pup15 throush.. a comprehensive pastoral care programme,. a strong 5YStern of support from form and year tutors, counsellors and pastoral 5UPPOrt officer5.' regular collective School assemblies conducted by pupils, staff and vi5Iting speakers.. and an involvement with local. national and international charities. Admisslon The School's admissions policy, including details of bursary application procedures. is included on our comprehensive website www.lin e.co.uk together with other polities which demonstrate the School'5 commitment to the safeguarding and welfare of its pupils and information regarding Other administrative matter5. The School's aim is to inspire and enable every pupil to truly flDuri5h 50cially, academically and creatively to fulfil their aspirations and lead excitin8. meaningful lives. Entry into our Prep School is dependent on space availability, a trial day which includes an a55essment of Mathematics and English and a reference from the previous School. There is no fomal testing for potential Nursery pupils. In the Senior School entry for years 7 to 10 is by examination and a reference from the previous School. External entry into the 6 form is also warmly welcomed, This will depend on GCSE results and a reference from the previous School. PrincipalActivities oAthe yeur The School aims to be a prowider of choice for hlgh quality and progressive independent education locally and regionally. The school has consistently sirived to facilitate a diverse range of post-18 pathways, which lully reflect its commitment to nurture and empower students to achieve and vlfil their individual potential, whether they aspire to attend a top university, pursue further studies, or embark upon a fulfllling career. This has resulted in a rèmarkable range of outcomes in 2024. The trustees are pleased to report that an impressive 81% of A Level grades achieved We A'.B and Distinctlon. to Merit lor BTEC. Notably, over 96% of students headin8 to universlty successfully secured their fir5t-choice destinations, with an additional four students securin8 competitive apprenticeship placements. At GCSE, 44% of grades awarded were 9-7 IA or A equivalentl, and 96% were 94. Noteworthy accomplishments included five students achieving nine or more grade 9s, and one student remarkably attaining 11 grade 9s. achieved by only a select lew nationally. Throu8hout the School, all pupils were consldered to have been successful relative to both government targets and our own internal monitoring crileria. These achievements were made possible by the excellent teaching and support Staff employed by the School. At the conclusion of the 2023-2024 3tsdemic year the pupil roll tgtalled 95712023.. 9461, with most year groups being full. The demand for plates at Lingfseld College remains high. and this is reflected in another high level of registrations for future admission.
LINGFIEU> COLLEGE Page 6 DIAECTORS. AND TRUSTEES. REPORT for the year ended 31 August 2024 Investments in the School's lacil*ties continued this year with the followin8 projerts either complete or in progress Relurbi5hment of the senior school kitehen. including new equipment and senior sthool dintng area. Senior school interactive wh¢teboard. Network upgrade in anticipation of the student device rollout. Refurbishment of the prep school sciencè room. The purchase of two minibuses. In additlon to the academi¢ successes, the School has Continu to provide opportunities for its pupils to excel In a variety of disciplines.. Dnwm¢7 The Drama department Includes two well-equipped studios that serve as cla5sroom5. rehearsal spaces. and performante areas. 80th studios are outfitted with drapes and stage lighting. allowing for creative use of the space. Drama is tsught in each year of KS3 and is offered as a GCSE option in Years 10 and 11. It is a popular subject at this level, as it is at A Level. Many ol our A level students go on to study Drama and related subjects at Universityand Drama school. Lingfield has a few notable students, both past and eurrent, whts work professionally in the industry. Eath academic year, there are two productions. The uppef school produrtion, which Includes students frorn Years 10 to 13, takes place In November. In June. the lower school production features student5 from Year5 7 to 9. L3Styear. the upper school performed "Haroun and The Sea of Stories.. while the lower school presented "Goodnight Mister Tom." Ir addition to these perlorrnances, we also have regular GCSE and A-level work showcased to friends and family throughout the year. as well as various visiting workshops and performance projects. Our extracurricular program includes a vibrant LAMDA Speech and Drama departrnent that operates independently Irom the regular curriculum. Specialist peripatetic teachers provide private group lessons, preparing students for two examination se55ions.' one in October and another in March. We have aehieved impressive results in recent years, with 100% pass rates bein8 a common occurrence. For students tskin8 exams at higher grades (Grade 6 and above). it is possible to earn UCAS points. The department organises re8ular theatre trips for Sixth Form and GCSE exam students, as well a5 for each year group. Recenttrips have included"The Curious Inc>dent of the Dog in the Night-Time" and "The Ocean at the End of the lane. The department also has clubs for each year at K53 and for those interested in technical theatre. In the Senior Sthool. student5 can apply for Drama Scholarship at 134 Iyear 81. and 16+ Iyear 111. At the Prep School. D¥ama is a very popular subject taught by a Specialist teacher starting from Reception. The themes explored in drama often connect to other areas of the curriculum, such a5 litÈratUTe. historical periods, or relevant tOPlC5 like bullying, which Is highlighted during Anti-Bullyin8 Week. Students have a weekly lesson and participate in a fantastic prodvction every year. We also offer three after-school Drarna Clubs each week for Year 3 and above, whlch are always in high dernand. Our well-resourced Drama Studio features a green screen area. a puppet theatre. and a variety ol costumes for dresslng up. Pupils have the opportunity to apply for a Drama scholarship in Year 6. Sport The past academic year has been remarkable for Lingfield College sports, showcasing both individual and team 5ucce55es across a Wde range of activities. At the core of our sports philosophy is a commitrrent to providing opportunitie5. fostering participation, and strivin8 foi extellence for all our students. These values guide everythin8 we do, from Physical Education in the classroom to competitive fixtures nationwide. Our pupils consistently demgnstrate outstanding talent and dedicarion, as evidenced bythree of our football teams reachin8 the national cup semi-finals, and one reaching a final which was played at West Bromwich Albion's stadium. The Hawthorns. which was a tremendous achievement. Netball and hockey teams have similarly flourished, showcasing rhe depth of Skill within these sports. Notably, 8irls' football, now a key pèrt of our curriculurn, continue5
LINGFIELD COLLEGE P38e 7 DIRECTORS, AND TRUSTEE5' REPORT for the year ended 31 August 2024 to grow rapidly, reflectin8 our school's progressive apprtsach to sports development. We have more club player5 than ever before as well as a number ol academy players who have joined the school. Across all sporting disciplines, our students participated in over 850 fixtures durin8 the year is a testament to their enthusiasrr and the strength ol our sporting provision. n8field College's Sporting Ethos- We are proud that 270 of our students participate in competitive dub sports outside of school. which si8nificantly enhances their ski115 and passion. This invofvement contributes to the continuous growth of 5POrt at Lingfield and fosters a culture ol teamwork and resilience. Within the senior school alone. we facilitate 50-60 competitive fixtures each week, giving our students unparalleled opportunities to represent the school and refine their abilities in real-world settings. Our comprehensive sports programme extends beyond the playin8 field. Sports scholars and senior players benefit from specialised training sessions. which are designed to enhance functional movement and optimise performance in ompetitive environments. This attention to individual development is just one way we ensure our students achieve thelr lull potential. Sports Tour5 and Excursions- The school year was punctuated by $er31 exciting sports trip5. including a vislt to Manchester City, where our students had the unforgettable experience of watching the team secure their league virtory a8ainst West Harn in the final game of the season. Lookin8 ahead, we are eagerly planning a Netball tour to Malaga in May 2025, which promises to provide both competitive challenges and cultural enrichment lor our students. Our facilities have been essential In supporting hlgh levels of sports participation at Lingfield College. The availabil¢ty of two pitthes at Starborough Manor has significantly improved our ability to host fixtures and has intreased student involvement in a variety of Sports. In our Prep School, sport is considered an essential part of the children'5 developrnent. Pupi15 have ac¢e5S to outstanding facllities, includin8 a well-equipped sports hall, outdoor courts, and football pitches, along with regular use of the senior school's Astro pitch and 8rass runnin8 track. Our dedicated PE staff ensure that every child, regardless of abllity. has the opportunity tg thrive through sports. From Year 3 onwards, children are encouraged to represent the school in inter-5chool matches, frequently achieving qualification for National Championships. Prep pupils can take advantage of a wide range of club5. includin8 Sports Club, Karate, Dance, and Tennis. These activities promote diverse interests and encoura8e a love for physical activity. For our most promising athletes, we offer Sports Scholarships, which provide access to senior school opportunlties and specialised workshop5. 5UPPOrting their development 35 future sports leaders. Looking ahead, we are excited about the planned development of an Astro MUGA pitch at the Prep School. This state- of-the-art lacillty will si8nifieantly enhance the quality of sports offerings lor our younger pupils, giving them more opportunities to engage in sports at a higher level. We are also exploring è partnership with St Piers to incorporate swlmming into the to<urricular program for Year 3 and Year 4. Looking Forward- As we continue to expand our sportin8 horizons. Lingfield Colle8e remains steadfast in our mlssion to inspire and nurture the sporting talents of all our pupils. With upcoming trips, new facs11ty development5, and a 8rowing list of fixtures, the future of sptsrt at Lingfield College looks exceptionally brlght. Co-cyrrlculqr Alongside the sports programme. the overall co-currieular programme ha5 shown considerable progression. New and extiting lunchtime activities have been added to the list. MUPI 2023-24 The Lin8field College Model United Nations IMUNI club continues to thrive and 8row each year, offering both junior and Senior students an enrichSn8 platform to en8a8e with global issues. Through our weekly session5, Students take on the roles of delegates representing various countries, actively participatin8 in simulations of the United Nations. They debate pressin8 international matters, develop practical solutions. and in the process, enhance thelr resèarch 5kill5. itical thinking. and global awareness.
UNGFIELD COLLEGE Page 8 DIRECTORS. AND TRUSTEES, REPORT for the year ended 31 August 2024 By adoptin8 the perspettives of diffèrent nations, students galn a deeper understanding and empathy lor diverse cultures and viewpoints. Through in-schooS debates and participation in external conlefences, they have the opportunity to speak in front of large audiences. respond to challengin8 questions, and hone their negotiation skills. This not only builds their tonfidence but also fosters strong public spe3king abilities. Our students are also expanding their horizons throy8h involvement 4n International Court of justice (Icji simulations and will 500n participate in the Arctic Council discussions. Throughout the academic year, Lingfield College MVN students attend at least six tonlerence5 at other schools. consistently earning awards and recognition. They a150 host their own conference at Lingfield. where theytake the lead In wrlting reports. chairing committee sessions, and managing the event. For the past six years, they have established a reputation within the MUN community as diligent, competent. and impressive participants. In the 2022-23 atademic year. Lingfield MUN attended its first international conference to Bilbao,. In 2024 we attend PRAMUN in Prague and in January 2025 we are elated to have been selected to attend THIMUN, a conference held in The Hasue, the UN Headquarters. Musk Music is taught as a subject to all students in the Lowerschool, where talented and praetieal musitian5 are encouraged to continue their studie5 at GCSE and A-level. Individual tuition is available for all orchestral and band irTrstruments, and students can take practical instrumental and vocal examinations through ABASM. LCM, MTB, Trinity, and Rock School. They also have access to specialised music programs and production software, including Sibeliu5 and GarageBand, and can practice de518nated rooms. While the auditorium spate is adequate. it requires modernisation, which is included in the school's development plans. The concerts and produrtions or8anised by the music department are among the school's most significant Marketing assets, loved by both students ènd parents. The scholars. concert at the be8inning of the year received excellent reviews, with music Scholars performin8 to a high standard. Many students showcased their talents at Grade 8 level, particularly the trumpeters. who delivered comple¥ pieces with irnpressive range, stamina, and breath control. The department 15 now well-known lor its lar8e production show5, which hève becorne highly anticipated events that students, staff, and parents discuss nearly a year in advance. The 2023 Christmas show had record attendance, generating a significant waitin8 list. The eoncert is most certainly considered a'family. show and marks the start of the Christmas season for many Lingfield families. It's one of the few school productions where nearly all parents, grandparents, and extended f3mily rnembers attend. Parents often comment on the engaging staging and the family- oriented atmosphere. The Symphony Orchestra performed at a notably high standard, and the vocal trio ènd woodwind orchestra were particularly well received, presenting piece5 thal marked much improvement compared to previous years. The use of Al for back8round projections in this year's Cabaret Ni8ht elevated the production, featuring stunning gold caverns for 'Aladdin" numbers and beautiful woodland backdrops for performance5 from"Into the Woods." Thls enhancement has increased production quality, Inspiring student performances to rise to the occasion. This year'5 Cabaret show showcased the first-ever large ensemble, the new 'Show Choir,, which performed a fully thoreographed numberto°9 to S" from the Dolly Parton musical. Thiswas a significant achievementforthese students, as they felt like they were part ol a school musical. We anticipate that this will help promote the choir and increase participation next year. Looking ahead, Cabaret Night aims to develop into a live band format. providin8 Students with the experience of a real usical, which 1$ 50methin8 we will work on ¢)ver the next academic year. Rock & Jazz Night sold out both nlghts in record time and rernains the school's most attended production. with a large percentage of staff frgm both schools, along with parents and students, in attendance. We tould potentially sell out five nights if we hail the resouree5 and ener8V. This year saw the formation of numerous new Year 7 band5, which is encouraging as older Year 13 groups begin to graduate. The 2024 show covered a wide range of genres, from heavy rnetal and pop to jazz, gwnge, and indie music. Students select their own repertoire, leadin8 to a plea5in8 diversity in the muslc chosen by different age groups.
LINGFI£LD COLLEGE Page 9 DIRECTORS, AND TRUSTEES, REPORT for thè year ènded 31 Au8USt 2024 Interestingly, we are noticing a 8rowin8 trend of parents anil familie5 attending prgductions even when they don't have anyone performing. They appreciate the Music Department's productions as great entertainment that help5 them fee connected to the school. The srHaller inform31 recitals were also well attended this year. The new init13tive where performers Invite a few special guests worked well, and the surprise staff performances were a hitl This atmosphere fosters a good environment for student5 preparin8 for exam grades. with several pSano duets perforrned for the first time showcasing successful collaborations from Piano Club. This is a fantastic way for older and younger pianists to connect. Department trips to the West End remain popular arnon8 all year 8ro¥ps, with excursions to "The Lion Kin& Slster Act.. and 'M8tilda' takin8 place this year. Unfortunately, we tould not orBanize any classical or orchestral trips in 2023124 due to scheduling conflicts. but we will aim to add$S thls for next year, as it is important for our Scholars. The department has achieved its first A. for Music A level and a550 experienced a particularly successful year for students reaching Grède 8 in their instrurrents. Many Year 12 and Year 13 students took their Grade 8 exams with ABR5M, Trinity, and Rock School. Notably, a Year 12 student earned Distinction in both ABRSM Grade 8 Clorinet and Grade 8 Piano. This remarkable accompli5hrnent in a single academic year reflects the excellent teaching provided by his peripatetic teacher. This student is already preparing for hls ARSM diploma. Other Departments In line with the School's aims. all departments tn the School not only educate the puplls In accordance with the natlonal turriculum but also expand the subject areas and, therefore. the pupils, experience through the use of visiting speakers. educational visits, extèrnal competitions and other associated events. Extemally, the School continues to enjoy great success, the strength of its sport being an increasingly prominent feature. The Duke of Edinburgh programme is also èxtremely popular with a large number of students achieving Bronze. Silver ènd Gold Awards. Tru5tee5 would like to express their appreciation to all the staff who willingly give their time to our extra-curricular activities. COMMUNITY OUTREACH AND PUBLIC 8ENEFIT High qvulity edycotion The School provides a public benefit through the provision ol well-educated and sell-confident people who are ready to contribute posittvely to society in general. In order to benefit the public through the pursuit of its stated aims the School continues to maintain competitive levels of feeswhich ensure financial viabil*ty whilstsupportin8thetOSts which are necessary to deliver education in aecordante with the School's objective5. Bursayles undScholorshlps The School aims to attract students from diverse back8rounds, inc5uding those whose financial Clrcumstanees mi8ht make independent education challenging. To support thts goal, it offers several bursary awards Isome covering I1% ol feesl, 5cholarshtps, and dlscounts for staff. Bursarles are granted by the Tru5tee5. either on a rne3ns-tested basis or occasionally on an ad hoc basis, following requests from parents whose financial situations have changed. These requests are eonsidered by the Headmaster. holar5hips are awardèd based on academic achievement as well as talents in drama, art, music, or sports.The School is committed to helping scholars develop their abilities through a dedicated program of events. while also expertin8 them to actively contribute to school activities in their areas ol expertise. In the past year, these varioLts financial concessions reduced lee income by £1.441,157 (compared to £1,337.197 in 20231. This includes bursaries awarded during theyearamounting to £592.643 (compared to £597,781 in 20231. Overall, these Concessions represented 8.8% of our gross income, excluding nursery incorne. cornpared to 8.6% in 2023.
UNGFIELD COLLEGE Page 10 DIRECTORS, AND TRUSTEes' REPORT for thè year ended 31 August 2024 Fundmlslng andcommunlty outreach Pypils are encouraged to be artively inVoed in charitsble activities ta support local. national and intemational charities. Overthe 3cademicyearthe pupils raised a total of £13.52912023.. £11,450). The beneficiaries included Youn8 Minds, Bone Cancer Research. Children in Need, The Wildlife Foundation and Fairtrade. VOLUNTEERS Lirigfield Parents Association continued to provide support to the School through their fundraising efforts. The Trustees would like to take this opportunity to say how much we appreciate their continuing and valuable support lor our work. STRATEGIC R£VIEW Financial RevFew & Results for the year The financial results for the year are set out on page 16. Total income from charitable artivities was £16.510.20212023.. £15.134,0531 of which £15.704.15712023.. £14,249,654) was derived from tuition lees. Additional income wa5 raised from the re-charging of outings. trips and other activities of £490,05312023'. £593,141). Income is not reco8nised on trips where the School aets as agent only, for these trips, balances are held on the balance sheet a5 debtors or creditOf5 at the year end. As a charity, the parents ol our pvpils can be assured that all the School's income 15 dedicated to educational purposes. We Currently enjoy several benefits associated with our charitable Status, includin8 some tax exemptions and reduced business rates, which support our charitable aims. Htswever, in the upcorning academic year. some ol these benefits will be removed, tncluding the busines5 rates relief. Furthermore, value-added tax IVAn will be added ta our lees from lanuary 2025. The parents of our pupils often make signif5tant sacrifices to pay the School fees. In doing so they help to relieve the State of the financial burden of educating 886 UK based children. The saving is estimated to be £6.6m. The Trustees re8ularly assess the finances, budgets. and expenditures to ensure efFective stewardship of the School. Reserves Policy and Goln8 Concèrn The School's Unrestricted funds total £17,853,24812023-. £17,370,5031 and are represented mostly by Ilxed assets. The restricted endowment funds total £50.00012023.. £50.0001 and are funds held as perrnanent capital. It Continues to be the Trustees. policy to invest in the structure of the School and to maintain, develop and improve its resources as approprlate for the tontinuing discharge of the School's academic and pastoral responsibilities. Financi31 projection5 and scenario analyses for the period of at least 12 rnonths indicate that pupil numbers for 2024- 2025 will remain strong. However. the introduction ol VAT on school fees may affect future enrolment. The School has adequate cash and funds to meet its Ilabilities as they arise, leading the Trustees to conclude that the Sthool Is a 80Sn8 contern. Future Plans The educational objectives for the future largely remain consistent with those from last year. All upcoming plans are turrently funded through lee income and our reserves. We are committed to ensuring that current students benefit while also providin8 and maintainin8 3 501id infrastrycture and financial stability for the advantage of future sttsdents. Lingfield College takes pride in its role within the Lingfield local community and is committed to its moral responsibilities. One of our main priorlties is to foster positive and mutually benefi'clal partnerships with local schools and to organize joint initiatives. We believe that by harnessing the collective strength5 Of these schools, we can offer a more comprehensive and enriching educational experience, improve student outtomes, and better prepare students for the interconnected world we live in.
UNGFIELD COLLEGE Page 11 DIRECTORS. AND TRUSTEES. REPORTfor the year Ènded 31 August 2024 To achieve thi5, we have or8anized a variety ol events throushout the year and look forward to continuing these efforts in the future. Recently, Year 12 Business and PE students from Lin8field College vislted Tottenham Hotspur Stadium in partnership with Oxted School. The 5tadtum tovr provided a unique and insightful experience for students as the students explored the substantial investments made by Tottenham Hotspur in their state-of-the-art facilities. The tour allowed Year 12 to gain insights into the club's operational dynamics. We have been delighted to welcome and teach several students frorn St Piers School. The pupils achieved a very impressive Grade 7 in their Year 10 assessments and continued to attend lessons. working toward5 their GCSE in Summer 2024. A lecture on exam preparation and revision techniques forA-Level PE was delivered to our Year 13 students. joined by students from Tunbrldge Wells Grammar School for Boys and St Gregory's Catholic School. On 17th June, 166 Year 6 children from Dormansland Primary. Felbrid8e Primary. Lingfield Primary and bnglield Prep all 8athered at the Lingfield Marriott Hotel for'St3rt-up Sherpa. This is an enterprise event normally held in the Prep School but this year we opened it to our lotal schools. The students worked in small groups to identify problems and possible solutions in one of the following areas.. Loneliness, Environment, School, Food, Social Media or F35t Fashion. In addition a number of stsff members are Governors at a variety of state schools and colleges. We have continued to 5UPPOrt parents who cannot attord full fees through the award of means-tested bursaries and will continue to address this area. In particular, the Trustees remain keen to increase the awards in order to widen access to the education which the School provtdes. Investment Pollcy, Powers and Performance Investment powers are governed by the Articles which peTmit monies not required for immediate use to be invested in such investments, securities or property as the Trustees shall think fit. The Trustees current policy is to retain surplus funds, when available, On deposit. Pay polky for Senior staff The TrustÈes ¢onsider that the boord of directors, who are the School's Trustees, and the Senlor Managefflent team comprise the key management personnel of the School in char8e of directing and controllin8, running and operating the School on a day-to-day basis. All Trustees give of their time freely and no Trstee received remuneration in the year. Details ol Tru5tee5' expense5 and related party transactions are disclosed in note 6 to the accounts The p3y of the senior staff is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the School. the Trustees benchmark against pay leve15 in other Independent Schools of a similar size. Rlsk Mana8ement In consultation with key management the Trustees continue to keep the School's artivities under review, particulady regarding any major risks that may arlse from time to time. The Trustees monitor the effettivenes5 of the 5YStem ol internal control and other viable means. including insurance cover where appropriate, by which those risks already Identified can best be mitigated. The key risks to be rnanaged by the School are the safeguarding of children, ongoing 1Snancial stability, the retentOn of highly skilled staff. together wtth an appropriate level of Governance and 5trategSc planning. Oue to the turrent ectsnomic instability, there 15 a high potential that this could impact fee income and pupll numbers. Management have undertaken detailed scenario forecasts to ensure that the School is best placed to mitigate any potential impact. Pupil numbers for 2024-2025 look strong with many year groups ftsll. Some parents are understandably toneerned about the recent change in 8overnment and its potential tax implications for the independent education sector. While the lull impact is still uncertain, we are taking this risk
LINGFIELD COLLEGE Page 12 DIRECTORS, AND TRUSTEE5' REPORT for the year ended 31 August 2024 seriously. Parents can be assured that we will continue to provide the bost value for money we can without compromisin8 the highest quality of education for our students, which rernains our top prlority. AUDITORS TC Group were appointed as Auditor to the Company and a resolution proposing that they be re-appointed will be put to the forthcoming annual 8eneral meetin8. OIREcfoRS AND TRU5fEES RESPONSIBIIITIES IN THE PREPARATION OF FINANCIAI ¥fATEMENTS The Direcrors and Trustees are rèsponsible lor preparin8 the Annual Report and financial 5taternents in accordance with applicable law and United Kingdom A¢ctsuntln8 standards Iunlted Kingdom Generally Accepted Accounting Praclicel. Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incomin8 resources and application of resources. ircluding the income and expenditure, OF the charitable company for that period. In preparing these financial statements, the Directors and Trustees are requirèd to.. select sultable accounting pollcies and then apply them tonslstentl¥.' observe the rnethosjs and principles in the Charities SORP,. make jydgements and estimates that are reasonable and prudent., state whether applicable UK Actountin8 Standard5 have been followed. 5ubje¢t to any material departures di5c105ed and exp13irTed in the financial staternenrs., and prepare the financi31 statement5 on the going Concern ba515 unless It is inappropriate to pre5urne that the charitable company will continue in business. The Directors and Trustees are responsible for keeping proper accounting records which disclose with reasonable ccurary at any time the financial position ol the charitable company and enable them to ensure that the linanclal starements comply with the Qirnpanies Act 2tJ)6. They are a150 Te5pon5ible for safeguarding the assets of the companv and hence for taking reèsonable steps for the prevention and derectlDn of fraud 3nd other irregularlties. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDIYORS The Director5 who were in office on the date of approval of these financial statements have confirmed, as far a5 they are aware, that there is no relevtnt audit information of which the audltorsare unaware. Each of the Dlrectors haveconfirmed that they have taken. all the step5 that they ought to have takèn 3$ Direttors Sn order to make thernselve5 aware of aDY relevant audit information and to establish that It has been tommunicated to the auditor. By orderof t Peter Samuels- ChaSr I L McAcLh 2025
IINGFIELD COLLEGE Page 13 INDEPENDENT AUDITOWS REPORT YO THE MEMBERS OF LINGFIELD COLLEGE Opinion We have audited the financl31 statements of Ungfleld College I'the charttable compan(I for the year ended 31 August 2024 which COTnpfi5e the Statement of Financial Activitles, the Balance Sheet, the Cash Flow Statement and notes to the financbl statements, including a surnmary of significant accounting policies. The financial reporting framework that ha5 been applied In their preparation isapplicable law and United Kingdom Accountingstandards, including Finantial Reporting Stand8rd 102 The Finall¢ial RewrtinE Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Ac£ountin8 Practice). In our opinion, the financial statement5'. give a true and fair view of the state of the charitable company's affairs as at 3L Au8USt 2024, and of its incoming resources and appllcation of resources for the year then ended,. have been properly prepared in accordance with Unked Klngdom fjenera1 Accepted Atcovnting Prèctice,. and have LJeen Pfepared in accordance with the qUIreMentS of the Companies Act 2006. Basls for oplnlon We condutted our audlt In accordance with International Standard5 on Auditlng IUKI IISAS IUKII and applkable law. Our responsibilit*s under those standard5 afe further described in the Auditor's spOnSibl11t1es lor the audit ol the fiTrancial statemethts settion of our report. We are independent of the eroup in acctsrdance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethital responsibilities in accordance with these reqiJirÈments. Wè belIe thatthe audit evidencewe have obtained 1$ Sufficient and appropriate to provide a basis lor our opinion. Conclu5¢0ns rela8 to 8oing concern In audtting the financial 5taternents, we have concluded that the trustees, use of the goin8 concern basis of a¢counting in the preparation of the financial statements is appropriate. 8a5ed on the work we have performed. we h3ve not Ideniified afiy materlal uncertalnties relating to events or condltlons that, Indlvldually or collectively. may cast $18nificant doubt on the charity's ablllty ro coniinue as a golng concern for a perlod of at least twefve month5 from when the financial statements are authorised for issue. Our resry)nsibilitles and the resptsnslbilitles ol the trustees with respett to goin8 concern ère descrlbed in the levant sections of thi5 report. Other information The other infortnation cornprises the information included in the annual report other than the finan¢ièl staternent5 and our aiiditfjrfs report thereon. The trustees are responsible for the other inlormation tont3ined within the annual report Our opinion OTr the linanclal statements does notcoverthe other inforrnation and, eXpt to theextentotherwise expliclY stated in our report, we do not express forrn of assurance concluslon thereon. Our responsibillty is to read the other information and, in doing so, consider whether the other Information is materr4lly inconsistent with the financial 5taternents of our knowledge obtalned in the course of the audit, or otherwise appeèrs to be Tnaterially misststed. If we Identrfy such matefial inconsistencies or apparent materlal mlsstatements, we are requlreil to determine whether thi5 8ives rise to a rnaterial misst3tement in the ftnanclal statements themselves. If. based on the workwe have perforrned, we conclude that there is a materlal mlsstatement of this other informatlon, we are iequ5red to reportthat fact. We have nothingto report In thls regard. Oplnlon5 on other matters prescrlbed bythe Companles A¢t 1006 In our opinlon. based on the work undertaken in the course of the audit.. the information given in the trustees, pOrr (incorporating the directors, reportl forthe financial year for whtch the financial statements are prepared 15 consistent with the financial 5taternents.' and the directors, report has been prepared in accordance with applicable le8al requirement5.
UNGFI£LD COLLEGE Page 14 INDEPENDENT AUDITOR'S IIEPORT TO THE MEMBERS OF LINGFIEID COLLEGE Matters on whlch we are requlred to report by ejtception In the light of our knowledge and understanding of the charitable ¢ompany and its environment obtained in the course of the audtt, we have not identified material misstatement5 in the directors, report. We have nothingto report in respett of the followin8 matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accountin8 records have not been kept, or returns adequate for our aUdt have not been recelvtd from branches not vlsited by us,. or the financial statements are not In agreement wlth the accounting records and returTrs.' or certain disclosures of directors, muneratIon Specified by law are not made; or we have not recelved all the information and explanations we requlre for our audlt. R¢$ponslbllitios oltrustèe5 As explained more fully in the tiustees, re5ponsibilitles statement, the trustees (who a also the directors of the charitable company lor the purposes of company lawl are responsible for the preparation of the financlal statements and for beine sat15fied that they give a true and fair view, and for such internal control 3$ the trustees determine is necessary to enable the preparation of financial 5taternents that are free from material mlsstatement. whether due to Iraud orerTor. In preparing the financial statements, the tiustees are responsible for assessingthe charitable company's abllity to continue a5 a going concern, disc1oslng. as applicable, matters relktèd to goin8 ctsrlcern and u51n8 the 80in8 concern basis of a£countlng unlessthe trustees eitherintend to liquldate the charltable companyorto cease operations. or have no realistic alternative but to do so. Audittsr's fesponslbllltles for the audit ol the finan¢lal $tattrnent5 Our objettives are to obtaln reasonable assurance about whether the financial statements as a Who are free from material misstatement whether due to fraud or eiror, and to issue an auditorfs report th3t includes our opinion. Reasonable assurance is a high level of assurance, but is not a guaranteÈ that an audit conducted in a£cordance with ISAS IUKI will always detect a material rnisstaiement when it exists. Misstatements can arlse from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influenre the economic decisions of users taken on the basis of these flnanclal staternents. Irre8ularit*es, includin8 fraud. are Instances of non<omplian¢e with laws and re8ulatlons. The extent to which 0r pmcedures are capable of detettinB irre8ularitie5, includir¥8fraud. Is detalled below. Exient to whlch the audlt was Co4dered upable of dete¢tln£ irrtllularltles, Indudirtg fraud The oblettfves of our audit, in respect to fraud. are.. to identify and assess the risks of material misstatement of the fiDanci315t3tements due tofraud,. to obtain sufflclent appropriate audit evidence regarding theas5es5ed risks of material misstatement due to fraud, through designing and implementing èpproprlate responses,. and to Spond appropriatelv to fraud or suspected fraud identifled during the Judit. However, the primary responsibility for the preventk)n and detettion of fraud rests with both those charged with governance of the entity and rt5 management. Our approach wa5 a5 folhjws.. We identified are8s ol laws and regulations that could reasonab be expected to have 4 material effect on the Iinanclèl statements from our 8eneral comrnercial and sectof experience, and through dlscussion with the dlrectors and other rnana8ement18s requlred by auditing stsndardsl, and dlscussed wilh the dlrectors and other rnanagement the policies and pr¢xedures regarding compllance with laws and re8ulations,' We identified the followlng areas as those most likely to have such an effect.. health aTTrd safety., General Data Protectlon Regukition IfjDPRI., fraud; bribery Ind corruptlon and ernployment law. Auditing Standards Ilmlt the required audit procedures to identify non-compliance withthese laws and regulatlonstoenquiry of the trustees and other management and Inspectlon of regulatory and legal correspondence, if any. We considered the legal and regulatory frameworks direttly applicable to the linantial statements reporting framework IFRS 102 and the Companies Act 2Tr)6 and the Chaflties Act 20111 and the relevant tax compliance regulations in the UK-
LINGFIELD COLLEGE Page IS INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LINGFIELD COLLEGE We consldered the nature of the companlls operatlons. the control envlronment and buslTress performance. including the key drlvers fof managemerVs remuneratlon: We communioted identifled laws and regulations throu8hout our tearn and remained •lert to any Indic3ti0AS of non-cOmlance throughout the audst.. We considered the procedures and controls that the group has establlshed to address rlsks Identlfled, orthit otherwlse pVent. deter and detect fraud,. and how senior man3gement rnonllofs those programmes and controls. Based on thi5 understJndlnR we designed our audlt pro¢edure5 to Identlfy non-cornpliance with such laws and re8ulatlons. Wherè the rlsk was considered to be hlghei, we perfomied audrft procedure5 to address each Identlfied fraud risk. These procedures Included: iestlng manuil jourrals.' wlewin8tht financial statementdisclosuresandte5tin8 ro supportlng documentation,. performlng analytlcal procedure5,' and Ènquirifig of mèna8ement. and were desl8ned to provide reasonable assurance that the finantial Statements were free f¥om fraud or error. Owingto the Inhet limitations of an audit. there Is an ktnavoidable risk that we may not have detected some materlal misstatements in the financlal staternents. even thou8h we have property planned and performed our audlt In actordance wfjrh auditin8 Standards. Fof example. the further removed non-cornpliance wlth laws and regulations Iifregulaririesl s$ frorn the events and trans3Cticns reflected In the financ5al statements, the less likew the inherently Ilmited procedures requlred by audltlng standards would identify It. The rlsk Is also Rreèter reB3rdlng IrreguLHrlties otcurring due to fraud rather than error, as fraud Involves Intentlonal concealment. forgery, collyslon. omissK)n or m1sfepresentatn. We are not responslble for preventlng non-compliance and cannot be expected to detect non- compliance with all tsws and fegulations. A furthtrdescriptlon of our responsibllitles forthe audit of the financial statements Is located on the Financial Rewrtlng Councll'swebsite at.. httpsJlwww.frc.or auditOTsr nsi . This description forms part of ourauditor'sreport. Use of our report Thi5 report is mède solely to the charitable company's rnember5, as a body. accordance wirh Chapter 3 of Part 16 of the Companses Act 2C(16. Our audlt work ha5 been undertaken $0 rhat we mi8ht state to the charltable companls members those matters we are requlred to state to them In an audltorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume $r)nsIbIlIty to anyone other than the charftable company and the charltable Company's members as a body, forour audit work, forthls POrt. or forthe opinions we haveformed. Dad Martln FCA (Senior Ststutory Audltorl for ènd on behalf of TC Group Statutory Audltors Oate.. 2 Ar-.-1 2 02£ Office.. Lewes
LINGFIELD COLLEGE Page 16 STATEMENT OF FINANCIAL ACTIVITI£S1SncludFn8 Income and expendlture account) for the year ended 31 August 2024 Notes Restricted Unrestrirted Total funds Total funds 2024 2024 2024 2023 Income: Donations and legacies 18,420 2.958 21.378 4.273 Incomefrom ChoritobleA¢tivities.' Operation of School 183 16,510,019 16,510,202 15,134,053 Investment Income 1,602 213,232 214,834 42,299 Total Incorne 20,205 16,726,209 16,746,414 15,180.625 Expenditufe: Expenditure on Choritoble Activities.. Operation of School 16.263,669 16.263,669 14,784,661 Total Expenditure 16,263.669 16.263,669 14,784,661 Net Income and net mo¥ement In funds for the year before transfer5 20.205 462,540 482,745 395.964 Transfers between funds 13 120,2051 20,205 NÈt Intome and net movement5 In funds for the year 482,745 482,745 395,964 Reconclllatlon of funds: Total funds brought forward 50,000 17,370,503 17,420,503 17,024,$39 Total funds carried forward 13 50,OCLI 17.853.248 17,903,248 17,420,503 The Statement of Financlal Activlties includes all gains and10s5es in the year. All activities are classed as continuing operations.
LINGFIELD COLLEGE (company Number- 020721351 AiANCE SHEEr As at 31 August 2024 Page 17 Note5 2014 2023 Fl¥ed asset5 Tangible asset5 Investments 14,042.393 13.987,463 10 Tot31 Fixed assets 14,042,394 13,987.464 ctrent asset5 Debtors Cash at bank and in hand rotal Current assets 886.438 02 10,489.317 772,509 5,988,270 Creditors.. amounts falllng due wlthin one year 13,658,419) 11,930,984) Net Curreni assets Total assets less current liabllilies 18 Cièdliors., amounts falling due after more than one year 12,970.0441 1624,2471 Net a55ets 17 50 The funds of the tharity. Unfestrlcied income funds Restricted Income funds 17,853.248 50,OCK) 17.370,503 50,000 Total Ch3rlty fund5 13.14 17 17.420.503 The financial statemenjs on pages 16 to 27 were approved by the board and authorised fo¥ issue and si8ned on it5 behalf by l L Q+'cki JOIF P T 5amuels ChaSt P Dodrid8e Trustee
LINGFIELD COLLEGE Page 18 STATEMENT OF CASHFLOWS for the year ended 31 August 2024 N9te5 2024 2023 Net cash provided by operatlng actlvities 5,023.394 225,705 Investlng artlvltEes Interest income Purchase of tangible fixed assets Proceeds from dlsposal of motor vehicle 212,667 1846,6931 12.2501 40,249 1592,0401 Cash used in Investin8 artivitie5 1636,2761 1551,7911 Net decreasellincreasel increase in cash and cash equivalent5 in the year 14,387,118) 1326,0861 Cash and cash equivalents at the beginning of the year 5,215.761 5,541,847 Total cash and Cash equlvalents at the end of thè year 9,602,879 5.215.761
LINGFIELD COLLEGE Page 19 ACCOUNnNG POLICIES The principal accountin8 policies adopted, judgements and key sources of estimation uncertainty in the prepar3tion of the financial statements are a5 follows.. al &asls of preparatotsn and legal statu5 The charity is limited by 8uarantee and has no share capital. The registeTed office 15 lin8field College, Racecourse Road, LingfeId, Surreyi RH7 6PH. The School is registered as a charity under charity number 295598. company number 02072135. The financlal statements have been prepared in accortjance with the Charities." Statement of Recommended Practice lapplScable tts charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the VK and Republic of Ireland IFRS 10211 (issued October 20191- Icharities 50RP IFRS 10211, the Financial Reporting Standard applicable in the UK and Reptsblic of Ireland IFRS 1021 and the Companies Act 2006. The accounts are prepared Sterlin8 and rounded to the nearest £. Lin8field Colle8e meets the definition of a publlc benefit entity undef FRS 102. Assets and liabilities are initially recognised at historical c05t or transaction value unless otherwise state<1 in the relevant accounring policy note. bl Preparatlon olthe accounts on a golng con¢ern basis The Trustees have prepared detailed financial projections and scenario analysis which indlcate the School can continue to operate as a going concern for a perlod ol * least 12 months from the date of signing of these financial statements. These projections considered the potential impact of inflation 8nd other economic effetts and scenaiios considering chan8es in pupil numbers and Fees. The Trustees are satisfied that the School is in a posilion to meet Its liabilities a5 they fall due overthe next 12 monrhs from the date of si8nin8 of these financial starements. On this basis, the Trustees consider there aTe no matersal uncertainties about the school's ability to continue as a going concefn and have accordingly prepared the financial statements on a gotn8 concern basis. ¢1 Income Income is recognised in the peiiod in which the School is entitled to receipt, it is probable Ir will be received, and the amount can be measured. Income is deferred when the School has to fulfll condlrions, such asthe education ol a thild, before becoming entitled to it. Fees consist of amounts charged for the School year less bursaries. 5cho13rships and discounts. dl Interest recei¥able Interest on fund5 held on deposit is included when receivable and the amount can be measured rellably by the charityt this is norrnally upon notification of rhe intefest paid or payable by the Bank. el Fund a¢coyntln8 Unrestricted funds are avatlable to spend on a£t*vities that furtherthe charity's purp05e5. Restricted funds are donations that the donor has specified are to be solely used for bursaries and scholarships. Endowmeni funds are donated to the School to be held in perpetuity. f) Expenditure and irrecoveiable VAT Expenditure is recognised once there is a legal Of constructive obligation to make a payment to a third parry, it Is probable that settlement wÈll be reotjired, and the amount of the obli8ation can be ffleasured reliably. Expenditure is classified under the following aclivity headings.. Expenditure on charitable activities Includes the costs of performances, exhibition5 and other educational artivities undertaken to further the purposes of the charity and their associated support costs. Other expenditure represents those items not falling into 3ny other heading. Irrecoverable VAT is charged as a cost againsi the activity for which the expenditure was incurred. There are no apportioned support costs. all are dirertly allocated. gl Tanglble Fl¥ed Assets Fixed assets are stated at cost less accumulated depreciation. Individual item5 or project5 are reviewed for capltalisatitsn on a case-by-case basis. Depreciation Is provided at rates calculated to write off the cost of each asset, excluding land, over its expetted useful life. Depreciation commences in the year in which the expenditure is incurred and a full yeals Llepreciation charge ts reco8ni5ed in that year. The following rates of depreciaiion have been applied..
UNGFIELD COLLEGE Pa8e 20 ACCOUNTING POLICIES $1 Tanglble Fbled Assets Iconilnued) Freehold buSldin8S School equipment and mOr vehicles Assets under construction Over 5- 50 years 10%- 33% straight line method Not depreciated until brought Into use Impairment of Fixed As5et'. At each reporting period end. the charity reviews the carryin8 value of its fixed agsets to determine whether there 15 any indication those assets have suffered an impairment loss. If an indlcation exist5, the recoverable amount is estimated in order to determine the extent of the irnpairrnent Ioss. h) FIMed zsset Snve5tments Investments In subsidiaries are Initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment 105ses are recognised immediately in the Statement of Financial Activities. 11 Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. PpayMentS are valued atihe amount prepaid net of any trade discounts due. A p¥ovision for impairment of trade debtors is established when there is evidence that the amountsdue will not be collected accordin8 to the original terms of the contract. Impairment losses are reco8ni5ed in the Statement of Financial A£tiwities. j) Cash at bank and In hand Cash at bank and cash In hand include5 cash and short term highly liquid investments with a short maturity of three rnonths or less frorn the date of acquisition or opening of the deposit or slmilar account. kl Creditor5 and prowlsbns Creditors (including fee deposit51 and pfovisions are recognised where the charity has a present tsbligation resultin8 from past event ihat will probably result In the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimèted reliably. Creditors and provisions are normally recognised at their settlefflent arnount after allowing for any trade discounts due. 11 Flnanclal Instruments The School only has financial a55ets and financial liabilities of a kind that qualify as basil financial in5trurnents. 8asK financial instrumenis are initially reco8nised at transaction value and subsequently measured at their settlement value. ml Pensions The School operated two pension Schemes during the year for tts staff. The APTIS scheme for Its Teaching staff. which is defined contribution scheme. The contributions are charged to the Statement of Finènrial Activitie5 in the year in which they are paid. Differences between contributions payable and actually paid are shown in debtors ènd creditors. For the non-teaching staff, the School operate5 a defined contribution scheme the contributionsto which are chaT8ed to the Statement of Financial Activitle5 in the year in which they are paid. nl Leases Rental paid under operating leases are char8ed to the statement of Financial Activities as incurred. on a straight-line basis. ol Consolldatlon Lingfield Colle8e 15 exempt from the requirements to prepare group accounts by vlrtue of Secrion 405 of the Companies Art 2006. These financial statements therefore present Information about the charitable company as an individual undertaking and not as a group. The Charities SORP allows for a subsidiary to be excluded from consolidation when its inclusion is not material for the purpose of 8iving a true and fair view. In the opinion of the Trustees, the results and net assets ol Lingfield College Internatlonal Limited are not material in this context and therefore consolidated accounts have not been prepared. Details of the subsidiary are given in note 10.
UNGFIELD COLLEGE Page 21 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024 Income from donatlons and legaclès 2024 2023 Donations Income fTom donations and legacies was £21,37812023'. £4,273) of which £2.958 was unresirlrted12023.' £4,2731 and £18,420 was restricted12023.. £nill. Income from charitable artmtles 2014 2023 Tuition fees Bufsaries, scholarships and discounts Tuition fees net of bursafies. scholarships and discounts 17.145,314 1441 157 15,704,157 15.586.851 1337 197 14,249,654 Reglstratlon fees Fees in lieu of notice Catering School transport Outings. trips, activities and other income 36.450 31.837 37.780 209,925 490,053 32.120 30,940 34,953 193,245 593.141 Income from charitable activities was £16,510,20212023: 15.134.053) of which £16,510,019 wa5 unrestricted12023'. £15.134.0531 and £183 was re5tricted12023". £nill. Investment income 2024 2023 Interest income Rental incorne 212,667 2,167 40,249 2.050 Investment income was E214.83412023.. £42.2991 of which f 213,232 was unrestricted12023'. £39.6661 and £1,602 was restricted12023.' £5831. 4 Analysls of expenditure on diarftable actlvltles Staff Costs Other costs Depreciation Total 2024 Total 2023 Teèchlng tost5 Premises costs Catering School transport Administration 8,492,620 397,115 1.474.464 2.038,172 1.089,094 466,570 398,511 245,462 504,238 8,860 10,212,546 2,939,525 1,097,954 466,570 1,547,074 9,202,960 2.740.445 1,023.706 414,842 1,402.708 1.115.360 33,203 Expenditure on charitable activities was £16,263,66912023.. £14,784,661) of which £16,263,669 was unrestrlcted12023.. £14,784,661) and £nil12023.. £nill was restricted. Support Costs are dlrectlv allocated to the cost centre which they lelate to.
LINGFIELD COLLEGE Pa8e 22 NOYES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024 Net Income for the yeaf This is stated after thafging: 2024 2023 Auditorfs rernuneration Oepreciation on owned assets Operating lease Profit on disposal of motor vehicles 15,31X) 791.763 10,279 12,2501 IS,300 724,747 20.242 Analysis of staff costs, Trusteè remunerat5on and expenses, and the cost of key man38ement personnel The related costs were.. 2024 2023 Wa8es and salarie5 Social security costs Pension contributions 8,025.321 7.266,601 760,647 692,162 1219 127 1127022 Pension costs are allocated to 3ctivitie5 in proportion to the related staffing Costs incurred and are wholly charged to tjnrestri¢ted funds. Pension contributions include an amount of £232,06712023: £164.8401 in ¥espect of the higher pald employee5 disclosed in the bands below. The number of employees where emolument5 exceeded £60.000 were.. 2024 2023 £60,000- £70,000 £70,001- £80,000 £80,001- £90,000 £130.001- £140.(X)o £140.001- £150,000 The key management personnel of the School comprise the Trustees. the Head leachers, the Head of Finance & Resources, the Deputy Head (Pastorall, Deputy Head (Academicl, Deputy Head IPrep School), the Depvty Head (Foundation), the A$5i5tant Head, Head of Or8anisation & Development. Head of Sixth form, Director of Studies and Director of Sport. The total employee benefits of the key management personnel of the School were £1,186.05812023'. £1,062,0581, including the employer's NIC pald in the year of E94,52912023'. £89,075). The Trustees wère not paid and did not receive any other benefits from the School in the year12023.. £nill. One Trustee Was reimbursed expenses in relation to travel during the year of £17612023: £331. No trustee received payment for professional or othef services supplied to the S¢hool12023'. Enill. Staff numbers The average monthly head count was 267 staff12023.. 253 staffj. The average weekly number of full-time equivalent employees during the year was 18012023.. 1721 made up as follows.. 2024 2023 Tea¢hing and teaching support Administration Premises 143 28 137 27 180
LINGFIELD COLLEGE Page 23 NOTESTOTHE FINANCIAL STATEMENTS for the year ended 31 August 2024 8 Corporatlon Tax The charity is exempt frorn tax on income and gain5 fallinB within section 471 to 489 of the Corporation Ta¥ Act 2010 or section 252 of the Taxation of Chargeable Gains Act 1992 to ihe extent that these are applied to its charitable objects. Tan8ible fixed assets Freehold land and buildin85 Assets School under Equipment construction Motor vehicles Total Cost or valuatlon As at I September 2023 18.458.216 4.649,512 226,760 200,515 23,535,003 Additions Disposals Transfers 203.589 574.524 68,580 123,2911 846.693 123,2911 181.141 1181,1411 As at 31 August 2024 18,639,357 4.853.101 620.143 245.804 24J58,405 Depreclatlon As at I September 2023 5,359.893 4,050,748 136,899 9,547,540 Charge for the year Dlsposals As at 31 August 2024 461,490 299.565 30.708 791.763 123,2911 123,2911 144.316 10.316,012 5,821,383 4,350,313 Net Book Value 31 August 2024 31 August 2023 The re-design and construction costs of the new dining hall are held under A55et5 in construction in the year. On a historital cost basis, the freehold property would have been included at: 2024 2023 Cost A88reBate depreciation On adoption of FRS102, the cost and valuation of freehold land and buildings were treated as deerned cost. Expenditure since that date has been included at cost. Iloyds Bank plc hold a charge se¢ured upon the charitable company's freehold property. This is io secure the bank's position in the event of the company holding an overdraft. io Imiestments The charity holds l share of £1 in it5 wholly owned subsidiary company Lingfield College International Limited whi¢h is incorporated in the United Kingdom. The registeied office of Lingfield College International Limited ss Racecoulse Road, Lingfield, Svrrey. RH7 6PH.These are the only shares allotted, called up and fully paid. The fesult5 of Lin8field College International Limited are not consolidated, as noted in ihe attounting policies.
LINGFIELO COLLEGE Page 24 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024 li Debtors Due within one year 2024 2023 Fee debtors Prepayments and accrued Income Other debtors 176,950 S12.711 196,777 142,654 460,279 169.576 12 Credltor$: Amounts tallin¥ due withln one year 2024 2023 Trade creditors Taxation and social security costs Other creditors Accruals and deferred income 468,924 181.918 172.637 467,802 179.179 190.318 Crèditors: Amounts falling due after more than orte year 2024 2023 Deposits Fees in 3dvan¢e and deferTed income 580,390 389 521,125 103 122 Deferred Income Deferred Income movements are as follows 2024 2023 Balance as at I Septembec 2023 Released in the year Deferred in the year Balance a5 at 31 Au8U5t 2024 1.115,321 1.232.522 11.115.321) 11.232,5221 5,158,773 1,115,321 77 Deferred income relates to School fees for the 24-25 academic year £2,769.11912023'. £1,012,1991 and future terms £2,389.65412023.' £103.1221.
LSNGFIEU) COLLEGE Page 25 NOTES YO THE FINANCIAL STATEMENTS for the year ended 31 August 2024 13 Analysis of charitable funds 2024 Balance at i September 2023 Balance at 31 August 2024 Income Expenditure Transfeis Unrestrlrted funds General fund 17,370,503 16,726.209 116,263,669) 20,205 17,853,248 Restrlcted fvnds SSNO Endowment 50,ThJO 20,205 120,2051 so,000 Total funds 17,420,503 16.746.414 116,263,6691 17,903.248 2023 Balance at i September 2022 8Jlance •t 31 August 2023 Income Expenditure Tran5fefS Unrestricled fvnds Genefal fund 16,974,539 15.180,042 114.784,6611 583 17,370,503 Re5trlrted funds SSND Endowment 50,rAJo 583 15831 50,000 Total funds 17,024,539 15,180,625 114,784,661) 17.420,503 Analys15 of charltable funds Icontlnuedl The School Sisters of Notre Dame Trust Fund I'SSND'I festiicted income includes the income earned on the initial capital irsve5tmenl and other amounts which are to be used for bursaries and scholarship5. The S¢htsol Sisters of Notre Dame Trust Fund Endowment Fund is the initial capital received from The School Sister5 of Notre Dame Trust Fund to be held as an investrnent to produce future income for future scholarships and bursaries. The transfer from the restricted funds to tsnrestritted funds is to recognise the utllisation of the SSND fund agalnst bursaries and scholarships granted. 14 Analysis of net assets between funds 2024 Unrestricted Funds Restricted Funds Total Funds Fixed Assets Debtors Cash at bank Creditors 14,042,394 886,438 9.552,879 16,628.4631 14.042,394 886.438 9,602,879 16,628,463) so,0 TOTAL FUNDS 17,853,248 50,000 17.903,248 2023 Unrestricted Funds Restricted Funds Total Funds Fixed Assets Debtors Cash at bank CreditOTS 13,987,464 772,509 5,165,761 12.555.231) 13.987.464 772.509 5,215,761 12,555,231) 50,000 TOTAL FUNDS 17.370,503 50,000 17.420,503
UNGFIELD COLLEGE Page 26 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 Autust 2024 Is Commltments vnder operatin8 lease5 The totsl future minimum lease payments under non-cancellable operatin8 leases are as follows.. 2024 2023 Within one year Within two to five years 20,068 8,020 16 Pension iommitments Avlva Penston Trust for Independent Schools IAPTISI The School participated in the defined ¢ontributaon scheme APTIS fof its Teaching staff. The pension charge for the period incltsdes coniributions payable to APTIS of £1,063,90212023'. £982,9891 and at the yearend £Nil 12023.. £Nill was accrued in respect of contrlbutions to this scheme. National Employment Savlng Trust {NESTI For non-teaching staff the School contributes to a defined contributions pensioll scheme, throu8h the Government'5 National Employment Saving Trust INESTI. The pension cost charge represents contributions payable by the School and amounted to £117.37012023'. £108,409). Pension contributions totallin8 £6,40212023'. £6,009) were outstanding at the year end and afe included in creditors. Other personal pension scheme The school contributes to an additional personal pension scheme for two staff members. This is a defined ontributions scheme administered by an independent company. The School's contribution to thts fund was £37,85512023.' £35,712). 17 Recon¢41iation of net movement In funds to nèt Cash fl¢)w from operatinB artivities 2024 2023 Net movemenr in funds Adjustments for-. 482,745 395,964 Interest reiVed Depreciation Iincreasel in debtors IDecre8sel/lncrea5e in creditor5 Profil on disposal of motor vehicle 1212.6671 791,763 1113,9291 4,073,232 2,250 140,249 724,747 1207.985 1646.7721 Net cash inflow from operatin8 activitie5 18 Related Party Yransactions lingfield College International timited is a wholly owned subsidiary company. R Bool & A Brassett are Oirector5 of the company and are Head Teacher and Head of Flnance & Resources respettively within Lingfield College. There were no transactions between the iwo entities during the year. Lingfield College Crisis support Fund 15 a related charity registered on IS December 2022. charity nurnber 1201352. At the end of the year, the school held £37012023= £26.5861 on behalf of the Lingfield College Crisis Support Fund.
LINGFIELD COLLEGE Page 27 14OT£S TO THE FINANCIAL STATEMENTS for the year ended 31 Ay8USt 2024 19 Capltal Commitments As at 31 August 2024, the school has capital commitment5 as follows: 2024 2023 Expenditure contracted for but not provided in the accounts