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2025-08-31-accounts

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LINGFIELD COLLEGE

(A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT AND FINANCIAL STATEMENTS

31 AUGUST 2025

Company Registration Number 02072135

Registered Charity Number 295598

LINGFIELD COLLEGE

Page 1

LEGAL AND ADMINISTRATIVE DETAILS

DIRECTORS, TRUSTEES AND MEMBERS

Mr S Bell Mrs N Calvey Mr S Charles (appointed 1 September 2025) Mrs A Cooper (resigned 30 June 2025) Mr P Dodridge Mrs S Douglas Mr M McCann Mrs C McNamara (appointed 1 September 2025) Mrs J Mills (appointed 1 September 2024) Mr P T Samuels Mr D Sansom (appointed 1 September 2024) Mrs J Steer (appointed 1 September 2025) Mrs A Tait

GOVERNORS

Mr S Charles Mr J Greenfield (appointed 4 September 2024) Mrs C McNamara (appointed 4 September 2024) Mrs J Steer (appointed 6 January 2025)

The Trustees are generally also Governors of the School.

HEADMASTER

Mr R W Bool

REGISTERED OFFICE

Lingfield College Racecourse Road Lingfield Surrey RH7 6PH

REGISTERED COMPANY NUMBER

02072135

REGISTERED CHARITY NUMBER

295598

BANKERS

Lloyds Bank Plc 1-3 London Road East Grinstead West Sussex RH19 1AH

SOLICITORS

Russell-Cooke Solicitors 2 Putney Hill London SW15 6AB

LINGFIELD COLLEGE

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LEGAL AND ADMINISTRATIVE DETAILS

AUDITORS

TC Group One Bell Lane Lewes East Sussex BN7 1JU

LINGFIELD COLLEGE

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DIRECTORS’ AND TRUSTEES’ REPORT for the year ended 31 August 2025

The Directors are pleased to submit their annual report for the year ended 31 August 2025 which is prepared to meet the requirements for a Strategic Report for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Structure

Lingfield College “the School” is a charitable company incorporated on 7 November 1986 in England and Wales, and is a company limited by the guarantee of its members to a maximum of £1 each. The total number of such guarantees at 31 August 2025 is 13 (2024:8).

Governing Document

The constitution of the Company is contained in the Memorandum and Articles of Association adopted by special resolution on 14 February 2018.

Directors and Trustees

The Directors are members of the Company and Trustees for the purpose of charity law. The Company is required to have a minimum of four and a maximum of fifteen Trustees. New Trustees are invited, when appropriate, and following an interview process to join the board after being assessed by the existing Trustees as to their suitability regarding their personal competence, specialist skills, and availability.

The Trustees who served during the year and since the year-end are:

Mr S Bell Mrs N Calvey Mr S Charles Mrs A Cooper (resigned 30 June 2025) Mr P Dodridge Mrs S Douglas Mr M McCann Mrs C McNamara Mrs J Mills Mr P T Samuels Mr D Sansom Mrs J Steer Mrs A Tait

Trustees are appointed for four years. 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, unless re-appointment is deemed to be in the best interest of the Charity.

Trustee Training

New Trustees are inducted into the workings of the School and of the Company as a registered charity through meetings with existing Trustees, the Headmaster and other key staff members.

Trustee Meetings

The Trustees 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 relevant staff members may be requested to attend meetings in an advisory capacity.

LINGFIELD COLLEGE

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DIRECTORS’ AND TRUSTEES’ REPORT for the year ended 31 August 2025

Governors and the Governing Body

The Articles of Association allow the Trustees to delegate their powers and functions, as well as implement their decisions as they see fit. The Trustees have appointed Governors and established several sub-committees to help them carry out their duties. All current Trustees also serve as Governors.

The role of the Governing Body is to assist the Trustees in ensuring that the School operates successfully in line with its charitable 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 Trustees determine the general policy of the School and review its overall management and control.

The Trustees have created several sub-committees to review and advise on policy in various key areas. Each subcommittee meets termly before each meeting of the full Governing Body. The day-to-day management of the School is delegated to the Headmaster, supported by his Leadership team.

The Governing Body of the School during the year and since the year-end comprised the Directors and Trustees (listed on page 1) together with the following:

Mr J Greenfield (appointed 4 September 2024) Mrs C McNamara (appointed 4 September 2024) Mrs J Steer (appointed 6 January 2025)

The above-named governors were not trustees under charity law or directors under company law.

All Trustees and Governors give their time freely and no remuneration was paid in the year.

OBJECTS, AIMS, OBJECTIVES AND PRINCIPAL ACTIVITIES

The main objects of the School, as set out in its Articles, are to promote and provide a co-educational School for children aged 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 specific restrictions imposed upon the charity provided these aims are pursued.

Strategic Aim and Intended Effect

The School’s strategic aim continues to be to develop students as individuals, to prepare them for the challenges they will face after School and enable them to acquire the life skills, self-awareness and compassion required. The School aims to achieve these goals through the development of pupils’ abilities and academic potential, providing the appropriate environment in terms of facilities, equipment and skilled staffing, and motivating pupils ultimately to leave the School as good citizens suitably equipped to enjoy the challenges and opportunities of life.

Objectives of the Year

In setting their objectives, the Trustees carefully consider the Charity Commission’s general guidelines on public benefit, specifically the supplementary guidance regarding advancing education and fee charging. The primary goal for the School this year remains the education of all pupils to at least the same high standard achieved in previous years. This ensures that they are well-prepared to succeed in either higher education or their chosen careers.

Strategy & Ethos

As a charitable trust, the Trustees are responsible for developing the strategy to achieve its objectives. The focus of our strategy, operating in line with broadly Christian values, is on the development and motivation of our pupils in a caring and safeguarded environment and maintaining the accessibility of the School to pupils from all backgrounds. In order to forward our strategy, we:

LINGFIELD COLLEGE

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DIRECTORS’ AND TRUSTEES’ REPORT for the year ended 31 August 2025

In addition, our strategies provide for the welfare of our pupils through:

Admission

The School’s admissions policy, including details of the Means Tested Financial Assistance application procedure, is included on our comprehensive website www.lingfieldcollege.co.uk together with other policies which demonstrate the School’s commitment to the safeguarding and welfare of its pupils and information regarding other administrative matters. The School’s aim is to inspire and enable every pupil to truly flourish socially, academically and creatively to fulfil their aspirations and lead exciting, meaningful lives.

Entry into our Prep School is dependent on space availability, a trial day which includes an assessment of Mathematics and English and a reference from the previous School. There is no formal 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[th] form is also warmly welcomed. This will depend on GCSE results and a reference from the previous School.

Principal Activities of the year

The School aims to be a preferred provider of high-quality, progressive independent education locally and regionally. It has consistently worked to offer a diverse range of post-18 pathways, reflecting its commitment to nurturing and empowering students to reach and fulfil their individual potential. Whether students aim to attend a top university, pursue further studies, or start fulfilling careers, this dedication has led to a remarkable range of outcomes in 2025.

The Trustees are pleased to report another strong year of academic outcomes across the School, with particular success at A Level.

At A Level, 78% of grades achieved were A–B or Distinction–Merit, with an outstanding 46% awarded A–A or Distinction–Distinction. The School achieved a 100% pass rate, with 90% of students heading to university securing their first-choice destinations. A further four students successfully gained competitive apprenticeships at L’Oréal, Bank of America, BP and Volker Fitzpatrick, while two students secured places at Oxbridge and another to study Medicine. At GCSE, 86% of all grades were 9–5, and the School achieved a 97% overall pass rate.

Throughout the School, all pupils were considered to have been successful relative to both government targets and our own internal monitoring criteria. These outcomes are a testament to the dedication of our staff, the commitment of our students, and the strength of our whole-school community.

At the conclusion of the 2024-2025 academic year the pupil roll totalled 951 (2024: 957), with most year groups being full. The demand for places at Lingfield College remains consistent, and this is reflected in another high level of registrations for future admission.

Investments in the School’s facilities continued this year with the following projects either complete or in progress

LINGFIELD COLLEGE

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DIRECTORS’ AND TRUSTEES’ REPORT for the year ended 31 August 2025

In addition to the academic successes, the School has continued to provide opportunities for its pupils to excel in a variety of disciplines such as Drama, Music, Sport, Duke of Edinburgh and Model United Nations.

Co-Curricular

Alongside the sports programme, the overall co-curricular programme has shown considerable progression. New and exciting lunchtime activities have been added to the list.

Other Departments

In line with the School’s aims, all departments in the School not only educate the pupils in accordance with the national curriculum but also expand the subject areas and, therefore, the pupils’ experience through the use of visiting speakers, educational visits, external competitions and other associated events. Externally, the School continues to enjoy great success, the strength of its sport being an increasingly prominent feature. The Duke of Edinburgh programme is also extremely popular with a large number of students achieving Bronze, Silver and Gold Awards. Trustees would like to express their appreciation to all the staff who willingly give their time to our extra-curricular activities.

COMMUNITY OUTREACH AND PUBLIC BENEFIT

High quality education

The School provides a public benefit by developing well-educated and self-confident individuals who are prepared to contribute positively to society. To achieve this, the School maintains competitive fee levels that ensure financial stability while covering the necessary costs to deliver education in line with its objectives.

Bursaries and Scholarships

The School aims to attract students from diverse backgrounds, including those whose financial circumstances might make independent education challenging. To support this goal, it offers a number of bursary awards (some covering 100% of fees), scholarships, sibling discounts and discounts for staff children.

Bursaries are granted by the Trustees, either on a means-tested basis or occasionally on an ad hoc basis, following requests from parents whose financial situations have changed. The Headmaster and Director of Finance and Resources consider these requests. Scholarships are awarded 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 expecting them to actively contribute to school activities in their areas of expertise.

In the past year, these various financial concessions reduced fee income by £1,601,429 (compared to £1,441,157 in 2024). This includes bursaries awarded during the year, amounting to £714,852 (compared to £592,643 in 2024). Overall, these concessions represented 9.7% of our gross income, excluding nursery income, compared to 8.8% in 2024.

Fundraising and community outreach

Pupils are encouraged to be actively involved in charitable activities to support local, national and international charities. Over the academic year the pupils raised a total of £6,825 (2024: £13,529). The beneficiaries included St Silvans, Hope, Bone Cancer Research, Dan Danso Just Giving, UNICEF, and Macmillan.

LINGFIELD COLLEGE

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DIRECTORS’ AND TRUSTEES’ REPORT for the year ended 31 August 2025

VOLUNTEERS

Lingfield 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 for our work.

STRATEGIC REVIEW

Financial Review & Results for the year

The financial results for the year are set out on page 13. Total income from charitable activities was £17,374,675 (2024: £16,510,202) of which £15,664,482 (2024: £15,704,157) was derived from tuition fees. Additional income was raised from the re-charging of outings, trips and other activities including a reclaim of VAT on purchases made in the previous four years of £747,649 (2024: £490,053). Income is not recognised on trips where the School acts as agent only, for these trips’ balances are held on the balance sheet as debtors or creditors at the year end.

As a charity, the parents of our pupils can be assured that all the School's income is dedicated to educational purposes. The parents of our pupils often make significant sacrifices to pay the School fees. In doing so they help to relieve the State of the financial burden of educating 884 school age UK based children. The saving is estimated to be £7.2m.

The Trustees regularly assess the finances, budgets, and expenditures to ensure effective stewardship of the School.

Reserves Policy and Going Concern

The School’s Unrestricted funds total £18,747,613 (2024: £17,853,248) and are represented mostly by fixed assets. The restricted endowment funds total £50,000 (2024: £50,000) and are funds held as permanent 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 appropriate for the continuing discharge of the School’s academic and pastoral responsibilities.

Financial projections and scenario analyses for at least 12 months indicate that pupil numbers for 2025-2026, while lower than 24-25, still remain strong. The introduction of VAT on school fees may continue to impact future enrolment. The School has sufficient cash and funds to meet its liabilities as they fall due, leading the Trustees to conclude that the School is a going concern.

Future Plans

The educational objectives for the future largely remain consistent with those from last year. All upcoming plans are currently funded through fee income and our reserves. We are committed to ensuring that current students benefit while also providing and maintaining a solid infrastructure and financial stability for the advantage of future students.

Lingfield College is proud to play an active role in the local Lingfield community and remains deeply committed to its ethical responsibilities. A key focus of our outreach is building strong, collaborative relationships with neighbouring schools through joint initiatives and shared projects. We believe that by combining our collective strengths, we can enrich the educational experience, enhance student outcomes, and better equip young people for the interconnected world they will navigate.

Local primary school; Dormansland and Lingfield Primary continue to benefit significantly from our collaborative initiatives. Highlights include Maths and Geography Days, STEAM activities, and Start-Up Sherpa events. In May, a carousel of activities saw Year 9 students hosting younger pupils for a day of engaging subjects and fun, culminating in a picnic—an excellent example of our ethos in action, fostering well-rounded individuals.

Buxted Primary School also enjoys specialist PE teaching during the summer term, further strengthening our commitment to shared learning experiences.

We were delighted to support local charity Rescue Remedies by providing a team of enthusiastic student volunteers and their supervisors. Their hard work, particularly in challenging weather conditions, was greatly appreciated and reflects the values we instill in our students.

LINGFIELD COLLEGE

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DIRECTORS’ AND TRUSTEES’ REPORT for the year ended 31 August 2025

Our international partnerships remain strong. The donation of resources and iPads to Faith Junior School in Zimbabwe has evolved into a meaningful cultural exchange, including sharing items representing British culture and collaborative book review projects. Similarly, our link with a school in Santander, Spain, has enabled online language exchanges between Year 12 students and their Spanish counterparts, with plans for in-person visits in the future.

Our ongoing relationship with St Piers continues to thrive. We are proud to have supported a student from St Piers in attending lessons here and achieving success in recent GCSEs—a testament to the dedication and collaboration between both schools. In addition, we have been working closely with the phonics lead at St Piers to support the implementation of a new phonics scheme. This includes observing lessons, offering guidance, and providing resources aligned with the Little Wandle Scheme, which we can donate if adopted. Continued support is planned for the coming year to ensure successful integration of the scheme.

Investment Policy, Powers and Performance

Investment powers are governed by the Articles which permit 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 policy for Senior staff

The Trustees consider that the board of directors, who are the School’s Trustees, and the Senior Management team comprise the key management personnel of the School in charge of directing and controlling, running and operating the School on a day-to-day basis. All Trustees give of their time freely and no Trustee received remuneration in the year. Details of Trustees’ expenses and related party transactions are disclosed in note 6 to the accounts. The pay 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 levels in other Independent Schools of a similar size.

Risk Management

In consultation with key management the Trustees continue to keep the School’s activities under review, particularly regarding any major risks that may arise from time to time. The Trustees monitor the effectiveness of the system of 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 managed by the School are the safeguarding of children, ongoing financial stability, the retention of highly skilled staff, together with an appropriate level of Governance and strategic planning.

Due to the current economic instability, there is a high potential that this could impact fee income and pupil numbers. Management have undertaken detailed scenario forecasts to ensure that the School is best placed to mitigate any potential impact. Pupil numbers for 2025-2026 remain strong.

Some parents are still, understandably concerned about the recent change in government and the impact of VAT on school fees. The Trustees and senior management are taking this seriously and Parents can be assured that we will continue to provide the best value for money we can without compromising the highest quality of education for our students, which remains our top priority.

LINGFIELD COLLEGE

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DIRECTORS’ AND TRUSTEES’ REPORT for the year ended 31 August 2025

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 general meeting.

DIRECTORS AND TRUSTEES RESPONSIBILITIES IN THE PREPARATION OF FINANCIAL STATEMENTS

The Directors and Trustees are responsible for preparing the Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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 incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Directors and Trustees are required to:

The Directors and Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

The Directors who were in office on the date of approval of these financial statements have confirmed, as far as they are aware, that there is no relevant audit information of which the auditors are unaware. Each of the Directors have confirmed that they have taken all the steps that they ought to have taken as Directors in order to make themselves aware of any relevant audit information and to establish that it has been communicated to the auditor.

By order of the Trustees

Peter Samuels – Chair

2026

LINGFIELD COLLEGE INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF LINGFIELD COLLEGE

Page 10

Opinion

We have audited the financial statements of Lingfield College (‘the charitable company’) for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance 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 ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of 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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

LINGFIELD COLLEGE INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF LINGFIELD COLLEGE

Page 11

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.

We have nothing 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:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going 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 but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) 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 expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, 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:

LINGFIELD COLLEGE

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF LINGFIELD COLLEGE

Based on this understanding we designed 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 procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

David Martin FCA (Senior Statutory Auditor)

for and on behalf of TC Group

Statutory Auditors

Date:

Office: Lewes

LINGFIELD COLLEGE

Page 13

STATEMENT OF FINANCIAL ACTIVITIES (including income and expenditure account) for the year ended 31 August 2025

Notes Restricted Unrestricted Total funds Total funds
2025 2025 2025 2024
£ £ £ £
Income:
Donations and legacies 1 - 3,302 3,302 21,378
Income from Charitable Activities:
Operation of School 2 - 17,374,675 17,374,675 16,510,202
Investment Income
3		 1,202 323,659 324,861 214,834
Total Income 1,202 17,701,636 17,702,838 16,746,414
Expenditure:
Expenditure on Charitable Activities:
Operation of School - 16,809,473 16,809,473 16,236,669
Total Expenditure 4 - 16,809,473 16,809,473 16,263,669
Net income and net movement in funds
for the year before transfers 1,202 892,163 893,365 482,745
Transfers between funds 13 (1,202) 1,202 - -
Net income and net movements in funds
for the year - 893,365 893,365 482,745
Reconciliation of funds:
Total funds brought forward 50,000 17,853,248 17,903,248 17,420,503
Total funds carried forward 13 50,000 18,746,613 18,796,613 17,903,248

The Statement of Financial Activities includes all gains and losses in the year. All activities are classed as continuing operations.

LINGFIELD COLLEGE (Company Number: 02072135)

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BALANCE SHEET

As at 31 August 2025

Notes
Fixed assets
Tangible assets
9
Investments
10
Total Fixed assets
Current assets
Debtors
11
Cash at bank and in hand
Total Current assets
Creditors: amounts falling due
within one year
12
Net Current assets
Total assets less current liabilities
Creditors: amounts falling due
after more than one year
12
Net assets
The funds of the charity:
Unrestricted income funds
13
Restricted Income funds
13
Total Charity funds
13,14		 2025
£
15,131,243
1
--------------
15,131,244
1,123,707
8,254,916
9,378,623
(3,872,200)
5,506,423
20,637,667
(1,841,054)
18,796,613
18,746,613
50,000
___
18,796,613		 2024
£
14,042,393
1
--------------
14,042,394
886,438
9,602,879
10,489,317
(3,658,419)
6,830,898
20,873,292
(2,970,044)
17,903,248
17,853,248
50,000
___
17,903,248

The financial statements on pages 13 to 24 were approved by the board and authorised for issue and signed on its behalf by

P T Samuels Chair

P Dodridge Trustee

Page 15

LINGFIELD COLLEGE

STATEMENT OF CASHFLOWS for the year ended 31 August 2025

Notes 2025 2024
£ £
Net cash provided by operating activities 17 221,815 5,023,394
======== ========
Investing activities
Interest income 324,662 212,667
Purchase of tangible fixed assets (1,893,665) (846,693)
Proceeds from sale of laptops (775) (2,250)
------------- -------------
Cash used in investing activities (1,569,778) (636,276)
======== ========
Net (increase)/decrease in cash and cash
equivalents in the year (1,347,963) 4,387,118
Cash and cash equivalents at the beginning of
the year 9,602,879 5,215,761
-------------- --------------
Total cash and cash equivalents at the end of
the year 8,254,916 9,602,879
========= =========

LINGFIELD COLLEGE

Page 16

ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation and legal status

The charity is limited by guarantee and has no share capital. The registered office is Lingfield College, Racecourse Road, Lingfield, Surrey, RH7 6PH. The School is registered as a charity under charity number 295598, company number 02072135.

The financial statements have been prepared in accordance with the Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The accounts are prepared in Sterling and rounded to the nearest £.

Lingfield College meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Preparation of the accounts on a going concern basis

The Trustees have prepared detailed financial projections and scenario analysis which indicate the School can continue to operate as a going concern for a period of at least 12 months from the date of signing of these financial statements. These projections considered the potential impact of inflation and other economic effects and scenarios considering changes in pupil numbers and fees. The Trustees are satisfied that the School is in a position to meet its liabilities as they fall due over the next 12 months from the date of signing of these financial statements. On this basis, the Trustees consider there are no material uncertainties about the School’s ability to continue as a going concern and have accordingly prepared the financial statements on a going concern basis.

c) Income

Income is recognised in the period in which the School is entitled to receipt, it is probable it will be received, and the amount can be measured. Income is deferred when the School has to fulfil conditions, such as the education of a child, before becoming entitled to it.

Fees consist of amounts charged for the School year less bursaries, scholarships and discounts net of VAT.

d) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

e) Fund accounting

Unrestricted funds are available to spend on activities that further the charity's purposes. Restricted funds are donations that the donor has specified are to be solely used for bursaries and scholarships. Endowment funds are donated to the School net of VAT to be held in perpetuity.

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

There are no apportioned support costs, all are directly allocated.

g) Tangible Fixed Assets

Fixed assets are stated at cost less accumulated depreciation. Individual items or projects are reviewed for capitalisation on a case-by-case basis. Depreciation is provided at rates calculated to write off the cost of each asset, excluding land, over its expected useful life. Depreciation commences in the year in which the expenditure is incurred and a full year’s depreciation charge is recognised in that year. The following rates of depreciation have been applied:

Page 17

LINGFIELD COLLEGE

ACCOUNTING POLICIES

g) Tangible Fixed Assets (continued)

Freehold buildings Over 5 - 50 years School equipment and motor vehicles 10% - 33% straight line method Assets under construction Not depreciated until brought into use

Impairment of Fixed Asset:

At each reporting period end, the charity reviews the carrying value of its fixed assets to determine whether there is any indication those assets have suffered an impairment loss. If an indication exists, the recoverable amount is estimated in order to determine the extent of the impairment loss.

h) Fixed asset investments

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 losses are recognised immediately in the Statement of Financial Activities.

i) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. A provision for impairment of trade debtors is established when there is evidence that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in the Statement of Financial Activities.

j) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

k) Creditors and provisions

Creditors (including fee deposits) and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

l) Financial instruments

The School only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

m) Pensions

The School operated two pension schemes during the year for its staff. The APTIS scheme for its Teaching staff, which is a defined contribution scheme. The contributions are charged to the Statement of Financial Activities in the year in which they are paid. Differences between contributions payable and actually paid are shown in debtors and creditors.

For the non-teaching staff, the School operates a defined contribution scheme the contributions to which are charged to the Statement of Financial Activities in the year in which they are paid.

n) Leases

Rental paid under operating leases are charged to the Statement of Financial Activities as incurred, on a straight-line basis.

o) Consolidation

Lingfield College is exempt from the requirements to prepare group accounts by virtue of Section 405 of the Companies Act 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 giving a true and fair view. In the opinion of the Trustees, the results and net assets of Lingfield College International Limited are not material in this context and therefore consolidated accounts have not been prepared. Details of the subsidiary are given in note 10.

Page 18

LINGFIELD COLLEGE

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

1
Income from donations and legacies
Donations		 2025
£
3,302		 2024
£
21,378

Income from donations and legacies was £3,302 (2024: £21,378) of which £3,302 was unrestricted (2024: £2,958) and nil was restricted (2024: £18,420).

2
Income from charitable activities
Tuition fees
Bursaries, scholarships and discounts
Tuition fees net of bursaries, scholarships and discounts
Registration fees
Fees in lieu of notice
Catering
School transport
Outings, trips, activities and other income		 2025
£
17,265,911
(1,601,429)
15,664,482
28,771
28,565
656,277
248,931
747,649
--------------
17,374,675		 2024
£
17,145,314
(1,441,157)

15,704,157
36,450
31,837
37,780
209,925
490,053
--------------
16,510,202

Income from charitable activities was £17,374,675 (2024: £16,510,202) of which £17,374,675 was unrestricted (2024: £16,510,019) and £nil was restricted (2024: £183).

3 Investment income

Interest income
Rental income		 2025
£
324,662
199
-------
324,861		 2024
£
212,667
2,167
-------
214,834

Investment income was £324,861 (2024: £214,834) of which £323,659 was unrestricted (2024: £213,232) and £1,202 was restricted (2024: £1,602).

4 Analysis of expenditure on charitable activities

Teaching costs
Premises costs
Catering
School transport
Administration		 Staff Costs
Other costs
Depreciation
£
£
£
8,813,353
1,361,597
184,026
421,767
2,125,358
603,509
-
1,192,932
8,860
-
459,886
-
1,226,395
403,370
8,420
-------------
---------------
------------
10,461,515
5,543,143
804,815		 Total 2025
£
10,358,976
3,150,634
1,201,792
459,886
1,638,185
--------------
16,809,473		 Total 2024
£
10,212,546
2,939,525
1,097,954
466,570
1,547,074
--------------
16,263,669

Expenditure on charitable activities was £16,809,473 (2024: £16,263,669) of which £16,809,473 was unrestricted (2024: £16,263,669) and £nil (2024: £nil) was restricted.

Support costs are directly allocated to the cost centre which they relate to.

LINGFIELD COLLEGE

Page 19

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

5 Net income for the year

This is stated after charging: 2025 2024
£ £
Auditor’s remuneration 15,990 15,300
Depreciation on owned assets 804,815 791,763
Operating lease 26,560 10,279
Profit on disposal of assets (775) (2,250)
======= =======
Wages and salaries
Social security costs
Pension contributions		 2025
£
8,352,727
876,465
1,232,323
10,461,515		 2024
£
8,025,321
760,647
1,219,127
10,005,095		 2024
£
8,025,321
760,647
1,219,127

Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly charged to unrestricted funds. Pension contributions include an amount of £229,220 (2024: £232,067) in respect of the higher paid employees disclosed in the bands below.

The number of employees where emoluments exceeded £60,000 were:

2025 2024
£60,000 - £70,000 10 5
£70,001 - £80,000 3 5
£80,001 - £90,000 6 4
£150,000 - £160,000 - 1
£160,000 - £170,000 1 -

The key management personnel of the School comprise the Trustees, the Head Teachers, the Director of Finance & Resources, the Deputy Head (Pastoral), Deputy Head (Academic), Deputy Head (Prep School), the Deputy Head (Foundation), the Assistant Head, Director of External Relations, Head of Sixth form, Director of Studies and Director of Sport. The total employee benefits of the key management personnel of the School were £1,090,068 (2024: £1,186,058), including the employer’s NIC paid in the year of £148,363 (2024: £94,529).

The Trustees were not paid and did not receive any other benefits from the School in the year (2024: £nil). Two Trustees were reimbursed expenses in relation to travel during the year of £215 (2024: £176). No trustee received payment for professional or other services supplied to the School (2024: £nil).

7 Staff numbers

The average monthly head count was 269 staff (2024: 267 staff). The average weekly number of full-time equivalent employees during the year was 183 (2024: 180) made up as follows:

2025 2024
Teaching and teaching support 144 143
Administration 30 28
Premises 9 9
183 180

LINGFIELD COLLEGE

Page 20

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

8 Corporation Tax

The charity is exempt from tax on income and gains falling within section 471 to 489 of the Corporation Tax Act 2010 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

9 Tangible fixed assets

Freehold land
and buildings
School
Equipment
Assets under
construction
£
£
£
Cost or valuation
As at 1 September 2024
18,639,357
4,853,101
620,143
Additions
-
1,893,665
Disposals
Transfers
2,481,778
(2,481,778)
As at 31 August 2025
21,121,135
4,853,101
32,030
Depreciation
As at 1 September 2024
5,821,383
4,350,313
-
Charge for the year
560,760
213,346
Disposals
As at 31 August 2025
6,382,143
4,563,659
-
Net Book Value
31 August 2025
14,738,992
289,442
32,030
31 August 2024
12,817,974
502,788
620,143		 Motor
vehicles
£
245,804
245,804
144,316
30,709
175,025
70,779
101,488		 Total
£
24,358,405
1,893,665
-
26,252,070
10,316,012
804,815
11,120,827
15,131,243
14,042,393

On a historical cost basis, the freehold property would have been included at:

Cost
Aggregate depreciation		 2025
£
20,489,993
6,247,053		 2024
£
18,008,215
5,686,293

On adoption of FRS102, the cost and valuation of freehold land and buildings were treated as deemed cost. Expenditure since that date has been included at cost.

Lloyds Bank plc hold a charge secured upon the charitable company’s freehold property. This is to secure the bank’s position in the event of the company holding an overdraft.

10 Investments

The charity holds 1 share of £1 in its wholly owned subsidiary company Lingfield College International Limited which is incorporated in the United Kingdom. The registered office of Lingfield College International Limited is Racecourse Road, Lingfield, Surrey, RH7 6PH.These are the only shares allotted, called up and fully paid. The results of Lingfield College International Limited are not consolidated, as noted in the accounting policies.

Page 21

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

LINGFIELD COLLEGE

11 Debtors

Due within one year
Fee debtors
Prepayments and accrued income
Other debtors		 2025
£
192,208
613,417
318,082
1,123,707		 2024
£
176,950
512,711
196,777
886,438

12 Creditors: Amounts falling due within one year

2025 2024
£ £
Trade creditors 446,844 468,924
Taxation and social security costs 210,689 181,918
Other creditors 304,628 172,637
Accruals and deferred income 2,910,039 2,834,940
3,872,200 3,658,419
Creditors: Amounts falling due after more than one year
2025 2024
£ £
Deposits 652,140 580,390
Fees in advance and deferred income 1,188,914 2,389,654
1,841,054 2,970,044
Deferred Income
Deferred Income movements are as follows
2025 2024
£ £
Balance as at 1 September 2024 5,158,773 1,115,321
Released in the year (5,158,773) (1,115,321)
Deferred in the year 3,547,135 5,158,773
Balance as at 31 August 2025 3,547,135 5,158,773

Deferred income relates to School fees for the 25-26 academic year £2,358,221 (2024: £2,769,119) and future terms £1,188,914 (2024: £2,389,654).

LINGFIELD COLLEGE

Page 22

for the year ended 31 August 2025

NOTES TO THE FINANCIAL STATEMENTS

13 Analysis of charitable funds

2025 Balance at 1 Balance at 31
September 2024 Income Expenditure Transfers August 2025
Unrestricted funds
General fund 17,853,248 17,701,636 (16,809,473) 1,202 18,746,613
Restricted funds
SSND Endowment 50,000 1,202 - (1,202) 50,000
Total funds 17,903,248 17,702,838 (16,809,473) - 18,796,613
2024 Balance at 1 Balance at 31
September 2023 Income Expenditure Transfers August 2024
Unrestricted
funds
General fund 17,370,503 16,726,209 (16,263,669) 20,205 17,853,248
Restricted funds
SSND Endowment 50,000 20,205 - (20,205) 50,000
Total funds 17,420,503 16,746,414 (16,263,669) - 17,903,248

The School Sisters of Notre Dame Trust Fund (‘SSND’) restricted income includes the income earned on the initial capital investment and other amounts which are to be used for bursaries and scholarships.

The School Sisters of Notre Dame Trust Fund Endowment Fund is the initial capital received from The School Sisters of Notre Dame Trust Fund to be held as an investment to produce future income for future scholarships and bursaries.

The transfer from the restricted funds to unrestricted funds is to recognise the utilisation of the SSND fund against bursaries and scholarships granted.

14 Analysis of net assets between funds

2025 Unrestricted Funds Restricted Funds Total Funds Total Funds
£ £ £
Fixed Assets 15,131,244 - 15,131,244
Debtors 1,123,707 - 1,123,707
Cash at bank 8,204,916 50,000 8,254,916
Creditors (5,713,254) - (5,713,254)
TOTAL FUNDS 18,746,613 50,000 18,796,613
2024 Unrestricted Funds Restricted Funds Total Funds
£ £ £
Fixed Assets 14,042,394 - 14,042,394
Debtors 886,438 - 886,438
Cash at bank 9,552,879 50,000 9,602,879
Creditors (6,628,463) - (6,628,463)
TOTAL FUNDS 17,853,248 50,000 17,903,248

LINGFIELD COLLEGE

Page 23

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

15 Commitments under operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

Within one year
Within two to five years		 2025
£
34,967
94,829
129,796		 2024
£
20,068
49,925
69,993

16 Pension commitments

Aviva Pension Trust for Independent Schools (APTIS)

The School participated in the defined contribution scheme APTIS for its Teaching staff. The pension charge for the period includes contributions payable to APTIS of £1,065,705 (2024: £1,063,902) and at the year-end £Nil (2024: £Nil) was accrued in respect of contributions to this scheme.

National Employment Saving Trust (NEST)

For non-teaching staff, the School contributes to a defined contributions pension scheme, through the Government’s National Employment Saving Trust (NEST). The pension cost charge represents contributions payable by the School and amounted to £127,059 (2024: £117,370).

Pension contributions totalling £134,360 (2024: £6,402) were outstanding at the year-end and are included in creditors.

Other personal pension scheme

The school contributes to an additional personal pension scheme for two staff members. This is a defined contributions scheme administered by an independent company. The School’s contribution to this fund was £39,558 (2024: £37,855).

17 Reconciliation of net movement in funds to net cash flow from operating activities

2025
£
Net movement in funds
893,365
Adjustments for:
Interest received
(324,662)
Depreciation
804,815
(Increase) in debtors
(237,269)
Increase/(Decrease) in creditors
(915,209)
Profit on disposal of motor vehicle
775
Net cash inflow from operating activities
221,815		 2024
£
482,745
(212,667)
791,763
(113,929)
4,073,232
2,250
5,023,394

18 Related Party Transactions

Lingfield College International Limited is a wholly owned subsidiary company. R Bool & A. Brassett are Directors of the company and are Head Teacher and Head of Finance & Resources, respectively, within Lingfield College. There were no transactions between the two entities during the year.

Lingfield College Crisis Support Fund is a related charity registered on 15 December 2022, charity number 1201352. At the end of the year, the school owed £3,942 (2024: held £370) on behalf of the Lingfield College Crisis Support Fund.

LINGFIELD COLLEGE

Page 24

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

A separate charity to be registered as The Lingfield Foundation in the year raised £39,028 and is held within Lingfield College to be paid across once the charity is registered with the Charity Commission.

19 Capital Commitments

As at 31 August 2025, the school has capital commitments as follows:

2025
£
Expenditure contracted for but not provided in the accounts
nil		 2024
£
1,579,857