#
##
|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|