| Contents | Page: |
|---|---|
| Trusteesreport | |
| lndependentExaminers'Report | |
| Statement ofFinancialActivities | |
| Statement ofFinancial Position | |
| Notesto the financial statements |
| Charity Name | Charity Number |
|---|---|
| TheLRGSSportsAssociation | 0518625 |
| TheLRGSPrizesCharity | 1090614 |
| TheLRGSBoardingCharity | 1090615 |
| TheLRGSLeavingExhibition Charity | 1090829 |
| TheLRGSBritishSchool ScholarshipsCharity | 1090834 |
| Yearto | Yearto | ||||
|---|---|---|---|---|---|
| August | August | ||||
| 2022 | 2021 | ||||
| Note | Endowment | Unrestricted | Total | Tota! | |
| ff | f | f | |||
| lncoming resources | |||||
| lncomefromgenerated funds | |||||
| lncomefromdonations,legacies andgrantincome | 3 | ||||
| 308,137 | 308,137 | 205,521 | |||
| lncomefrom othertrading activities | 4 | 175,000 | 17s,000 | 175,560 | |
| lnvestment income | 5 | 770 | 770 | 223 | |
| Totalincoming resources | L75,170 | 308,137 | 483,3O7 | 381,304 | |
| Resourcesexpended | |||||
| Costofraisingfunds | |||||
| Costof generatingvoluntaryincome | 106,610 | 106,610 | 1,\3,43L | ||
| Costsforgenerating funds: | |||||
| Mortgage lnterest | 36,812 | 36,8L2 | 33,514 | ||
| 36,812 | 106,610 | 143,422 | t45,945 | ||
| CorporationTax | |||||
| ExpenditureonCharitable activities | L37,603 | 737,603 | 122,303 | ||
| Totalresources expended | 36,8t2 | 244,2L3 | 281,025 | 269,248 | |
| Netincoming/(outgoing) | |||||
| resources beforetransfers | 138,3s8 | 63,924 | 202,282 | 772,056 | |
| Transfers | 72,095 | (72,1es], | |||
| Netincoming/(outgoing) | |||||
| resourcesbeforeotherrecognisedgainsandlosses | 270,453 | (8,171) | 202,282 | 112,056 | |
| NetRealised/Unrealisedgains/(losses)on | |||||
| :nvestments | (6,771l. | (6,771.) | 5,797 | ||
| Netmovementinfunds | 2O3,682 | (8,171) | 195,511 | 117,853 |
|
| Reconciliation offunds | |||||
| Totat fundsbroughtfomard at | |||||
| 1September2021 | 7,477,023 | 84,687 | Lssl4o_ | 1.,437,8s7 | |
| Total funds carriedfonvardat31August2022 | 1,674,705 | 76,576 | rl:]_,221__1,:ls,Z19 |
| Yearto | Yearto | ||
|---|---|---|---|
| Note | August2022 | August2021 | |
| Total | Total | ||
| f€ | |||
| Fixed assets | 8 | 2,500,000 | 2,500,000 |
| lnvestments | 9 | 4,509 | 20,24L |
| CurrentAssets | |||
| Debtors | 10 | 4,000 | 5,237 |
| Cashatbank | 280,049 | 259,786 | |
| 284,O49 | 265,023 | ||
| Creditorsfallingduewithinoneyear | TL | (172,4481 | (406,063) |
| Netcurrentassets/(liabilities) | 111,601 | (141,040) | |
| Totalassets lesscurrent liabilities | 2,616,7L0 | 2,379,20L | |
| Creditorsfallingdueafterone year | L2 | (864,889) | (823,49L1 |
| Netassets | t,751,221 | 1,555,710 | |
| Representedby | |||
| Endowment fund | 13 | t,674,705 | 1.,477,023 |
| Developmentappealfund | 13 | 45,880 | 63,773 |
| Sedgwickrequest for works ofart | 13 | 131 | 131 |
| Lunescholarship | 13 | 20,282 | 9,096 |
| Opportunities fund | 13 | 70,223 | 7L,697 |
| 7,757,22L | 1,,555,7t0 |
| 2022 | 202L | |
|---|---|---|
| Staff costs | 80,340 | 96,631. |
| lndependent examination | 3,528 | 3,120 |
| lncomingresourcesfrom charitable activities | ||
| 2022 | 2021 | |
| Covenants/Gift Aid Donations | 232,986 | 146,608 |
| lncome Tax Recoverable | 24,465 | 28,456 |
| lnspirus Project Donations | 50,685 | 30,457 |
| 308,137 | 205,52t |
| COIFdepositaccount f15,004 BalanceduetoLRGS (€5,828)_ |
|---|
| NetdonationincludedinCovenants/Gift AidDonationsf9,L76 |
| lncomefrom other trading activities | ||
|---|---|---|
| 2022 | 202t | |
| Rentalincome | 175,000 | 175,560 |
| 175,000 | 175,560 | |
| lnvestmentincome | ||
| 2022 | 202L | |
| COIFDividends | 139 | 185 |
| Bankinterest | 31 | 39 |
| 170 | 224 | |
| Costof GeneratingVoluntaryincome | ||
| 2022 | 202L | |
| Staff costs | 80,340 | 93,631 |
| Travel,Accommodation and Hospitality | 12,599 | 27 |
| Othercosts | 1.0,1.43 | 16,653 |
| AccountingServices | 3,s28 | 3,1"20 |
| 106,610 | 773,43L |
| 2022 | 202t | |
|---|---|---|
| Grants madetoschoolin respect of: | ||
| - DonationtowardtheSchool | 46,13t | 64,1.t3 |
| -DonationstowardSchoolequipment | 626 | |
| -DonationstowardRowingEquipment | ||
| - Pupils ScholarshipsviaLune Scholarship | 70,027 | 10,380 |
| -lnspirUSCosts | 26,364 | 27,902 |
| -ExtraCurricular/AnnualFund | 50,9s4 | 25,3s9 |
| -Bursaries | 1,,755 | |
| -OpportunitiesFund | 1,647 | 50 |
| - DonationsofLettingslncome | ||
| - ClassicsFunding | 100 | s00 |
| B'SOt | L22,303 |
| FreeholdLand | ||
|---|---|---|
| &Buildings | Total | |
| At cost | ||
| BalanceatlSeptember2O2L | 2,500,000 | 2,s00,000 |
| Additions | ||
| Disposals | ||
| Balanceat3tAugust2022 | 2,500,000 | 2,500,000 |
| Net book value | |
|---|---|
| At31August2022 | 2,500,0002,500,000 |
| At31August2021 | 2,500,0002,500,000 |
| 2351Lt,939 | UK | Total | |
|---|---|---|---|
| COIFunits | Equities | ||
| Cost | |||
| BalanceatlSeptember2O2L | 1,206 | 37,074 | 32,280 |
| Additionsinthe year | |||
| Disposals inthe year | (37,074l. | ||
| Balanceat31 August 2022 | 1,206 | 7,206 | |
| Marketvalue | |||
| Balanceat1September 2O2l | 4,754 | t5,487 | 20,247 |
| Additionsinthe year | |||
| Changesinthe year | 124s) | (7s,487], | (Ls,7321 |
| Balanceat31 August 2022 | 4,509 | 4,509_ |
| 2022 | 2021 | |
|---|---|---|
| Rent onSummerLets | ||
| lncometaxongiftaidandcovenants | 4,000 | s,237 |
| 4,000 | 5,237 |
| 2022 | 202t | |
|---|---|---|
| Bank loans | 139,341 | 136,596 |
| Amounts owedtoLRGS | 30,000 | 266,L43 |
| Tradecreditors | 83 | 80s |
| Accrualsand deferred income | 3,O24 | 2,5L9 |
| CorporationTax | ||
| 112,448 | 406,063 |
| 2022 | 2021 | |
|---|---|---|
| Bank loans | 690,463 | 823,49L |
| Amounts owedtoLRGS(note15) | 174,426 | |
| 864,889 | 823,49L |
| 2022 | 202t | |
|---|---|---|
| Bankloan | 85,385 | 236,645_ |
| Amounts owedtoLRGS(note15) | 54,426 | |
| 139,811 | 236,645 |
| 13 Funds |
||||||
|---|---|---|---|---|---|---|
| Sedgwick | ||||||
| Bequestfor | ||||||
| Endowment Fund ffffff |
DevelopmentWorksof AppealFund Art |
LuneOpportunities Scholarship fund |
Total | |||
| Openingbalance | ||||||
| atlSeptember | ||||||
| 202L | 1,47L,O23 | 63,773 | 131, | 9,095 | 71.,687 | 1,555,710 |
| Net(outgoing)/ | ||||||
| incoming | ||||||
| resources | L3L,587 | 54,202 | - | 11,186 | 17,464) | 195,511 |
| Transfers | 72,095 | (72,0951 | ||||
| 1,674,705 | 45,880 | 131 | 20,282 | 10,223 | ).,751,22L |
| Sedgwick | ||||||
|---|---|---|---|---|---|---|
| Bequestfor | ||||||
| EndowmentDevelopmentWorksof Fund AppealFund Art €ffEf€ |
LuneOpportunities Scholarship fund |
Total | ||||
| Openingbalance | ||||||
| atlSeptember | ||||||
| 2020 | L,322,957 | 96,623 | 131 | 7,659 | 10,487 | 1.,437,857 |
| Net(outgoing)/ incoming |
148,066 | (32,850) | - | 1,437 | 1,200 | 117,853 |
| resources | ||||||
| L,471,023 | 63,773 | 131 | 9,096 | 11,687 | 1,555,710 |
| Anolysisof | choritynetossetsb | etweenfundsfor20 | 22 | |||
|---|---|---|---|---|---|---|
| Sedgwick | ||||||
| Endowment Fund |
Development AppealFund |
Bequestfor Works ofArt |
Lune Scholarship |
Opportunities fund |
Total | |
| fff. | € | € | f | |||
| Tangiblefixedassets | 2,500,000 | 2,s00,000 | ||||
| lnvestments | 4,509 | 4,509 | ||||
| Debtors | 4,OO; | 4,000 | ||||
| Cashatbank | 249,4L3 | 131 | 20,282 | t0,223 | 280,049 | |
| Creditors | (829,804) t,674,705 |
(207,533) 45,880 |
131 | 20,282 | --(to!E)- to,223 r,75L,22L |
| Anolysisof | choritynetossets b | etweenfundsfor | 2027 | ||||
|---|---|---|---|---|---|---|---|
| Sedgwick | |||||||
| Endowment Fund ff |
Development Appea!Fund |
Bequest Works of |
for Art f |
Lune Scholarship E |
Opportunities fund f |
Total f |
|
| Tangiblefixedassets | 2,5oo,ooo | 2,500,000 | |||||
| lnvestments | 4,754_ | L5,487 | 20,24t | ||||
| Debtors | 5,237 | 5,237 | |||||
| Cashatbank | 254,359 | 131 | (6,391) | L\,687 | 259,796 | ||
| Creditors | (1,033,731) | (195,823) | (1,229,5541 | ||||
| L,471,O23 | 63,773 | 131 | 9,096 | 11,687 | L,555,7LO |
| 2022 | 2021 | |
|---|---|---|
| Grosssalaries | 59,916 | 69,819 |
| SocialSecurityCosts | 8,268 | 9,634 |
| Superannuation | 1,2,156 | 1.4,778 |
| 80,340 | 93,63r |