| Contents | Page: |
|---|---|
| Trusteesreport | |
| lndependentExaminers'Report | |
| StatementofFinancialActivities | |
| StatementofFinancial Position | |
| Notesto the financial statements |
| Trustees | Prof MAlexander |
|---|---|
| DrJBentham | |
| MrRBurgess(ResignedSeptember2020) | |
| MrDHCameron (ResignedSeptember2020) | |
| MrARCollinson | |
| MrPFitton | |
| Mr MFisher | |
| MrsELund (Resigned 31March2021) | |
| MrA Neal (Resigned 31March2021) | |
| HHJPSycamore (Resigned 31March2021) | |
| Headmaster | DrCPyle |
| Administrator | MrsCLodge |
| Registered Office | East Road |
| Lancaster | |
| LA13EF | |
| lndependentexaminers | Saint&Co |
| TheOldPoliceStation | |
| ChurchStreet | |
| Ambleside | |
| Cumbria | |
| LA22OBT | |
| Bankers | YorkshireBank |
| 45PennyStreet | |
| Lancaster | |
| LA11UE | |
| Barclays BankPlc | |
| Market Street | |
| Lancaster | |
| LA11HR | |
| National WestminsterBankPlc | |
| 68 ChurchStreet | |
| Lancaster | |
| LA11LN | |
| Solicitors | Blackhurst SwainsonGoodier |
| 3&4AalborgSquare | |
| Lancaster | |
| LA11BJ |
| CharityName | Charity Number |
|---|---|
| TheLRGSSportsAssociation | 0518625 |
| TheLRGSPrizesCharity | 1090614 |
| TheLRGSBoardingCharity | 1090615 |
| TheLRGSLeavingExhibition Charity | 1090829 |
| TheLRGSBritishSchool ScholarshipsCharity | 1090834 |
| Yearto | Yearto | ||||
|---|---|---|---|---|---|
| Autust | August | ||||
| 202L | 2020 | ||||
| Note | Endowment | Unrestricted | Total | Total | |
| ff | f | € | |||
| lncoming resources | |||||
| lncomefromgenerated funds | |||||
| lncomefromdonations,legacies andgrant income | 3 | ||||
| 205,521 | 205,521 | 181,529 | |||
| lncomefromother trading activities | 4 | 175,560 | 175,560 | 193,875 | |
| lnvestment income | 5 | 223 | 223 | 351 | |
| Totalincoming resources | 175,783 | 2O5,521 | 381,304 | 375,755 | |
| Resourcesexpended | |||||
| Costofraisingfunds | |||||
| Costof generatingvoluntaryincome | tL3,43t | tL3,43t | 131,601 | ||
| Costsforgenerating funds: | |||||
| Mortgagelnterest | 33,514 | 33,574 | 37,529 | ||
| 33,514 | 713,43L | L46,945 | 169,130 | ||
| CorporationTax | |||||
| Expenditure on Charitable activities | L22,303 | L22,303 | 131,052 | ||
| Totalresourcesexpended | 33,514 | 235,734 | 269,248300,182 | ||
| Netincoming/(outgoing) | |||||
| resources beforetransfers | 142,269 | (30,213) | 772,056 | 75,573 | |
| Netincoming/(outgoing) | |||||
| resourcesbeforeotherrecognisedgainsandlosses | |||||
| 142,269 | (30,213) | tL2,056 | 75,573 | ||
| NetRealised/Unrealisedgains/(losses)on | |||||
| investments | 5,797 | 5,797 | (4,407) | ||
| Netmovementin funds | 148,066 | (30,213) | 117,853 | 7t,t66 | |
| Reconciliation offunds | |||||
| Total fundsbrought forward at | |||||
| lSeptember2020 | L,322,957 | L14,900 | 1,437,9577,366,691 | ||
| Total funds carriedforwardat31August2021 | L,471,O23 | 84,687 | 1,555,7101,437,957 |
| Yearto | Yearto | ||
|---|---|---|---|
| Note | August2021 | August2020 | |
| Total | Total | ||
| f | € | ||
| Fixed assets | 8 | 2,500,000 | 2,500,000 |
| !nvestments | 9 | 20,247 | 74,444 |
| CurrentAssets | |||
| Debtors | 10 | 5,237 | 3,761 |
| Cashatbank | 259,786 | 136,749 | |
| 265,023 | 139,910 | ||
| Creditorsfallingduewithinone year | 11 | (406,053) | (2s1,903) |
| Netcurrentassets/(liabilities) | (141,040) | (111,993) | |
| Totalassets lesscurrent liabilities | 2,379,201 | 2,402,457 | |
| Creditorsfallingdueafterone year | 72 | t823,491) | (e64,s94) |
| Netassets | 1,555,7L0 | 7,437,857 | |
| Representedby | |||
| Endowment fund | 13 | t,471,023 | 1,322,957 |
| Developmentappealfund | 13 | 63,773 | 96,623 |
| Sedgwickrequest for works of art | 13 | 131 | 131 |
| Lunescholarship | 13 | 9,096 | 7,659 |
| Opportunities fund | 13 | 7!,687 | 10,487 |
| 7,555,770 | 7,437,857 |
| 2021 | 2020 | |
|---|---|---|
| Staff costs | 93,631 | r.08,456 |
| lndependent examination | 3,720 | 2,520 |
| lncomingresourcesfromcharitableactivities | ||
| 202t | 2020 | |
| Covenants/Gift Aid Donations | 146,608 | 141,080 |
| lncome Tax Recoverable | 28,456 | 20,41.4 |
| lnspirus Project Donations | 30,457 | 20,035 |
| 205,527 | 787,529 | |
| lncomefrom other trading activities | ||
| 2021 | 2020 | |
| Rentalincome | 175,560 | 193,875 |
| 775,560 | 193,875 | |
| lnvestmentincome | ||
| 2021 | 2020 | |
| COIFDividends | 185 | 725 |
| Bankinterest | 39 | 226 |
| 224 | 351 | |
| Costof GeneratingVoluntaryincome | ||
| 2021 | 2020 | |
| Staff costs | 93,631 | 108,456 |
| Travel,Accommodation and Hospitality | 27 | 6,309 |
| Othercosts | 16,653 | 1.4,3t6 |
| AccountingServices | 3,120 | 2,520 |
| tL3,43t | 131,601 |
| 202t | 2020 | |
|---|---|---|
| Grants madetoschool in respect of: | ||
| - DonationtowardtheSchool | 64,LL3 | 17,868 |
| - DonationstowardSchoolequipment | ||
| -DonationstowardRowingEquipment | ||
| -PupilsScholarshipsviaLune Scholarship | 10,380 | 10,098 |
| - lnspirUSCosts | 21,902 | 35,979 |
| -ExtraCurricular/AnnualFund | 25,359 | 49,751 |
| - Bursaries | ||
| -OpportunitiesFund | 50 | 3,249 |
| -Donations of Lettings lncome | 14,000 | |
| -ClassicsFunding | 500 | 100 |
| -Shaun HigginsMemorial | ||
| -ArchivesProject | 7 | |
| 122,303 | 731,O52 |
| FreeholdLand | ||
|---|---|---|
| &Buildings | Total | |
| Atcost | ||
| Balanceat1September 2020 | 2,500,000 | 2,500,000 |
| Additions | ||
| Disposals | ||
| Balanceat31August 2021 | 2,500,000 | 2,500,000 |
| Depreciation | ||
| Balanceat1September 2020 | ||
| Depreciationchargeyear | ||
| Balanceat31 August 2021 | ||
| Net book value | ||
| At31August2021 | 2,500,000 | 2,500,000 |
| At31August2020 | 2,500,000 | 2,500,000 |
| COIFunits | UK | Total | |
|---|---|---|---|
| Equities | |||
| Cost | |||
| BalanceatlSeptember 2020 | t,206 | 37,074 | 32,280 |
| Additionsinthe year | |||
| Balanceat31 August 2021 | 1,206 | 37,074 | 32,280 |
| Marketvalue | |||
| Balanceat1September 2020 | 2,609 | 11,835 | L4,444 |
| Additionsinthe year | |||
| Changesinthe year | 2,L45 | 3,652 | 5,797 |
| Balanceat31 August 2021 | 4,754 | t5,487 | 20,247 |
| 202t | 2020 | |
|---|---|---|
| Rent onSummerLets | ||
| lncometaxongiftaidand covenants | 5,237 | 3,767 |
| 5,237 | 3,761. |
| 2021 | 2020 | |
|---|---|---|
| Bank loans | 136,596 | 1.28,702 |
| Amounts owedtoLRGS | 266,143 | 1_20,681. |
| Tradecreditors | 805 | |
| Accrualsand deferred income | 2,519 | 2,520 |
| CorporationTax | ||
| 406,063 | 251,903 |
| 2021 | 2020 | |
|---|---|---|
| Bankloans | 823,49L | 964,594 |
| 823,49t | 954,594 |
| 2021 | 2020 | |
|---|---|---|
| Bank loan | 236,645 | 405,033 |
| 236,645 | 405,033 |
| 13 Funds |
||||||
|---|---|---|---|---|---|---|
| Sedgwick | ||||||
| Bequestfor | ||||||
| Endowment Fund €fffff |
Developmentworksof AppealFund Art |
Luneopportunities Scholarship fund |
Total | |||
| Openingbalance | ||||||
| at1September | ||||||
| 2020 | 1,322,957 | 96,623 | 131 | 7,659 | 70,497 | 7,437,857 |
| Net(outgoing)/ | ||||||
| incoming | 148,066 | (32,850) | - | 1,437 | t,2OO | l!7,853 |
| resources | ||||||
| L,47L,023 | 63,773 | L3t | 9,096 | L1,687 | L,555,770 |
| Sedgwick | ||||||
|---|---|---|---|---|---|---|
| Bequestfor EndowmentDevelopmentworksof FundAppealFund Art ff€€f€ |
Luneopportunities Scholarship fund |
Total | ||||
| Openingbalance | ||||||
| atlSeptember 20L9 |
t,L90,260 | L65,754 | 131 | 9,5L7 | tt,o2g | 1,366,691 |
| Net(outgoing)/ | ||||||
| incoming | 142,697 | (69,131) | - | (1,858) | (5421 | 7t,166 |
| resources | ||||||
| t,322,957 | 96,623 | 131 | 7,659 | 70,497 | 7,437,857 |
| Anolysisofc | horitynetassets be | tweenfundsfor20 | 27 | |||
|---|---|---|---|---|---|---|
| Sedgwick | ||||||
| Endowment Fund €ff |
Development AppealFund |
Bequestfor Works ofArt |
Lune Scholarship f. |
Opportunities fund f |
Total f |
|
| Tangiblefixedassets | 2,500,000 | 2,500,000 | ||||
| lnvestments | 4,754 | 15,487 | 20,24t | |||
| Debtors | 5,237 | 5,237 | ||||
| Cashatbank | 254,359 | 131 | (6,391) | 11,687 | 2s9,786 | |
| Creditors | (1,033,731) | (195,823) | (1,229,5541 | |||
| L,47L,023 | 63,773 | 131 | 9,096 | LL,687 | 1.,555,7L0 |
| Analysisof c | horitynet ossetsb | etween fundsfor | 2020 | |||
|---|---|---|---|---|---|---|
| Sedgwick | ||||||
| Endowment | Development | Bequestfor | Lune | Opportunaties | ||
| Fund f |
AppealFund f |
Works ofArt f |
Scholarship f |
fund f |
Total f. |
|
| Tangiblefixedassets | 2,500,000 | 2,500,000 | ||||
| lnvestments | 2,609 | 11,935 | 1,4,444 | |||
| Debtors | 3,76L | 3,767 | ||||
| Cashatbank | 729,707 | 131 | (4,176) | 70,487 | 136,1.49 | |
| Creditors | (L,L7g,652; | (36,845) | (t,216,497) | |||
| 1.,322,957 | 96,623 | 131 | 7,659 | 1o,487 | 7,437,857 |
| he analysisof staffcostsisshown below: | ||
|---|---|---|
| 202t | 2020 | |
| Grosssalaries | 69,819 | 82,351 |
| SocialSecurityCosts | 9,634 | 11,364 |
| Superannuation | 14,!78 | 1.4,747 |
| 93,631 | 108,4s6 |