| Trustees | ProfMAlexander(Resigned June 2023) |
|---|---|
| Mr ARCollinson | |
| MrPFitton(ResignedSeptember2022) | |
| MrMFisher | |
| Mrs WPreston | |
| MrPDyer(AppointedDecember 2022) | |
| OrRJackson(AppointedDecember 2022) | |
| MrHRoberts(AppointedDecember 2022) | |
| MrDonaldWilkinson (AppointedJune 2023) | |
| Headmaster | DrCPyle |
| Administrator | MrsCLodge |
| Registered Office | East Road |
| Lancaster | |
| LA13EF | |
| lndependentexamlners | Saint&Co |
| The Old PoliceStation | |
| ChurchStreet | |
| Ambleside | |
| Cumbria | |
| TA22OBT | |
| Bankers | YorkshireBank |
| 45PennyStreet | |
| Lancaster | |
| I.A1 1UE | |
| Barclays BankPlc | |
| Market Street | |
| Lancaster | |
| LA1lHR | |
| National WestminsterBankPlc | |
| 68 ChurchStreet | |
| Lancaster | |
| LAl1TN | |
| Solicitors | Blackhurst SwainsonGoodier |
| 3&4AalborgSquare | |
| Lancaster | |
| LA1lBJ |
| areappointedinaccordancewiththe1992Trust Scheme seale 1992 andtheyalsoadministered during the year thefollowing |
dbytheCharity C connected regist |
|---|---|
| Charity]{ame | Charityumbel |
| TheLRGSPrizesCharity TheLRGSBoardingCharity TheLRGSLeavingExhibition Charity(Closed Sept2023) |
1090614 1090615 1090829 |
| TheLRGSBritishSchool ScholarshipsCharity(closedFeb2023) | 1090834 |
| Yearto | Yearto | |||||
|---|---|---|---|---|---|---|
| August | August | |||||
| 20zt | 2022 | |||||
| Note | Endowment | U nrestricted | Total | Total | ||
| e | f, | C | f | |||
| lncoming resources | ||||||
| lncomefromgenerated funds | ||||||
| lncomefromdonations,legacies andgrant income | 3 | |||||
| 224,813 | 224,813 | 308,137 | ||||
| lncomefromother trading activities | 4 | 193,934 | 193,934 | 175,000 | ||
| lnvestment income | 5 | 1,630 | 1,630 | 170 | ||
| Total lncoming resources | 19ts64 | 224,a13 |
420,377 | ttt3,t07 | ||
| Resourcesexpended | ||||||
| Costofiaisintfunds | ||||||
| Costof generating voluntaryancome | 6 | 51,353 | 51,353 | 105,510 | ||
| Costsforgeneratingfunds: | ||||||
| Mortgagelnterest | 45,783 | 45,783 | 36,872 | |||
| 45,783 | 51,353 | 97,736 | 143,422 | |||
| CorporationTax | ||||||
| ExpenditureonCharitable activities | 7 | t48,793 | 74a,793 | 737,603 | ||
| Totalresourcesexpended | 45,78' | 2N,146 |
245,929 | 28,-,025 | ||
| et incomingi/(outgoint) | ||||||
| lesources beforetransfels | t49,7aL | 24,667 | 174,448202,282 | |||
| Transfers | (16,628) | 16,628 | ||||
| etincoming/(outtoind | ||||||
| resourcesbeforeotherrecDtnisedgains and losses | 133,153 | 41,295 | 174,448 | 202,282 | ||
| J{etRealised/Unrealisedgains/(losses} investments |
on | (87) | (87) | l6,77Ll | ||
| Netmovementinfunds | 133,066 | 4,.,295 | t74,361 | 195,511 | ||
| Reconclllatlon offunds | ||||||
| Total fundsbroughtforwa.dat | ||||||
| 1September2022 | L,674,70s | 76,516 | 7,75t,2211,555,710 | |||
| Total funds carriedforwardat31August2023 | 7,807,777 | Lr7,477 | L,925,5827,75t,22L |
| Yearto | Yearto | ||
|---|---|---|---|
| Note | Autust2023 | August2022 | |
| Total | Total | ||
| € | e | ||
| Fixed assets | 8 | 2,500,000 | 2,500,000 |
| lnYestments | 9 | 4,422 | 4,509 |
| CurrentAss€ts | |||
| Debtors | 10 | 23,L43 | 4,000 |
| Cashatbank | 273,964 | 280,049 | |
| 297,LO7 | 284,O49 | ||
| Credltors falllng duewithinoneyeal | 77 | (32s,4s21(172,4481 | |
| Netcurrentassets/(liabilitiesl | (28,34s) | 111,601 | |
| Totalassetslesscurrent liabilities | 2,476,O77 | 2,616,170 | |
| Credltors falling dueafteroneyear | t2 | (ss0,49s) | (864,E89) |
| etassets | 1,925,5a2L,751,227 | ||
| Representedby | |||
| Endowmentfund | 13 | t,807,777 | 7,674,705 |
| Oevelopmentappealfund | 13 | 99,381 | 45,880 |
| Sedgwickrequest for works ofart | 13 | 131 | 131 |
| Lunescholarship | 13 | 12,505 | 20,282 |
| Opportunities fund | 13 | 5,794 | ro,223 |
| 1,925,5427,751,227 | |||
| Thesefinancial statements were approved by si8nedon behalfoftheboardby: |
theTrusteesand authorisedforissueon | 5'Tut-?z+,-"na",. |
| 2 | Netlncome/(expenditurelfo,the year includes: | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Staff costs | 35,319 | 80,340 | |
| lndependent examination | 3,696 | 3,528 | |
| 3 | lncomlntresourcesfrom charitable activltles | ||
| 202t | m22 | ||
| Covenants/Gift Aid Donations | 166,315 | 195,986 | |
| lncomeTaxRecoverable | 24,O90 | 24,465 | |
| lnspirus Project Donations | 14,158 | 50,686 | |
| Legacies | 20,250 | 37,000 | |
| 224,813 | 308,137 |
| 4 | lncomefrom othertradintactiyities | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Rental income-LRGS | 175,000 | 175,000 | |
| Rentalincome | t8,934 | ||
| 193,934 | 175,000 | ||
| 5 | lnvestmentincome | ||
| 202i | 2022 | ||
| COIFDividends | 645 | 139 | |
| Bankinterest | 985 | 31 | |
| 1,630 | 170 | ||
| 5 | Costof GeneratingVoluntaryincome | ||
| 20i23 | 2022 | ||
| Staff costs | 36,120 | 80,340 | |
| Travel,AccommodationandHospitality | 2,330 | 12,599 | |
| Othercosts | 7,9@ | to,t43 | |
| AccountingServices | 4,994 | 3,52a | |
| 51,353 | 106,610 |
| 202t | 2022 | |
|---|---|---|
| Grants madetoschoolinrespectof: | ||
| -DonationtowardtheSchool | 50,217 | 46,L3t |
| - DonationstowardSchoolequipment | 626 | |
| - DonationstowardRowlngEquipment | 4,717 | |
| - Pupils ScholarshipsviaLuneScholarship | 9,827 | LO,O27 |
| - lnspirUSCosts | 26,476 | 26,364 |
| - Extra Curricular/AnnualFund | 52,457 | 50,954 |
| - Bursaries | 3s0 | 7,755 |
| -OpportunitiesFund | 4,249 | 1,647 |
| - DonationsofLettlngslncome | ||
| - ClassicsFunding | 500 | 100 |
| 148,793 | 137,603 |
| FreeholdLand | ||
|---|---|---|
| &Bulldlngs | Total | |
| At cost | ||
| Balanceat1September2022 | 2,500,000 | 2,500,000 |
| Additions | ||
| Disposals | ||
| Balanceat3lAugust 2023 | 2,s(xr,fi,o | 2,s0o,qr0 |
| Depreciation | ||
| BalanceatlSeptember2022 | ||
| Depreciationchargeyear | ||
| Balanceat31.August2023 | ||
| Net book value | ||
| At31August2023 | 2,s00,000 | 2,s00,000 |
| At31August2022 | 2,s00,000 | 2,s00,000 |
| 2rsltt,939 | UK | Total | |
|---|---|---|---|
| COIFunits | Equlties | ||
| Cost | |||
| Balanceat1September2022 | 1,206 | 7,206 | |
| Additionsinthe year | |||
| Disposals inthe year | |||
| Balanceat3lAugust2023 | L,206 | r,206 | |
| Marketvalue | |||
| Balanceat1September2022 | 4,509 | 4,509 | |
| Additionsinthe year | |||
| Changesinthe year | (87) | (87) | |
| Balanceat3lAugust2023 | 4,422 | 4,422 |
| 20,23 | 2022 | |
|---|---|---|
| RentonSummerlets | ||
| Accruedlegacyincome | 20,000 | |
| lncometax ongiftaid andcovenants | 3,t43 | 4,000 |
| 23,L43 | 4,000 |
| 2023 | 2022 | |
|---|---|---|
| Bank loans | L46,756 | 139,341 |
| Amounts owedtoLRGS | 174,554 | 30,000 |
| Tradecreditors | L,382 | 83 |
| Accruals anddeferred income | 3,360 | 3,O24 |
| CorporationTax | ||
| 325,452 | t72,448 |
| 2023 | 2022 | |
|---|---|---|
| Bank loans | 550,495 | 690,463 |
| Amounts owedtoLRGS(note15) | 774,426 | |
| 550,49s | 864,889 |
| epayment after more than fiveyearsfromthebalance sheet | date: | |
|---|---|---|
| 202t | 2022 | |
| Bankloan | 85,385 | |
| Amounts owedtoLRGS(note15) | 54,426 | |
| 139,811 |
| 13 Funds |
||||||
|---|---|---|---|---|---|---|
| Sedgurick | ||||||
| Bequestfor | ||||||
| Endowment | Development | wo.ksof | Lune | Opportunities | ||
| Fund | AppealFund | Art | scholarship | fund | Total | |
| E | C | C | E | C | f | |
| Openingbalance | ||||||
| at1September | ||||||
| 2022 | 7,674,705 | 45,880 | 131 | 20,282 | 70,223 | 1,757,221, |
| Net(outgoing)/ | ||||||
| incoming | ||||||
| resources | L49,694 | 36,a73 | 17,777|14,42sl | 774,367 | ||
| Transfers | (16,628) | 1,6,628 | ||||
| 1,807,771 | 99,381 | 131 | 72,505 | 5.794 | L,925,5a2 |
| sedtwick | |||||||
|---|---|---|---|---|---|---|---|
| Bequestfor | |||||||
| Endowment | Development | Worksof | Lune | Opportunities | |||
| Fund t |
AppealFund f |
Art C |
Scholarship e |
fund f |
Total € |
||
| openingbalance | |||||||
| at1September | |||||||
| 202t | 1,471,o23 | 63,773 | 131 | 9,096 | LL,6A7 | 1,555,710 | |
| Net(outgoing)/ | |||||||
| incoming | 131,587 | 54,202 | 11,186 | '7,4641 | |||
| resources | |||||||
| Transfers | 72,@5 | 172,@sl | |||||
| 1,674,705 | 45,880 | 131 | 20,282 | 1o,223 | t,7sL,22L |
| Anotysisofc | horitynetossets | befi/,eenlundslot | 2023 | ||||
|---|---|---|---|---|---|---|---|
| sed8u,ick | |||||||
| Endowment | Development | Bequest | for | Lune | Opportunities | ||
| Fund f |
AppealFund € |
Works of | Art f |
Scholarship f |
tund f |
Total 0- |
|
| Tangiblefixedassets | 2,500,000 | 2,500,000 | |||||
| lnvestments | 4,422 | 4,422 | |||||
| Debtors | 23,743 | 23,143 | |||||
| cashatbank | 255,534 | 131 | 72,505 | 5,794 | 273.964 | ||
| Creditors | (696,6s1) | 1L79,2961 | (87s,s471 | ||||
| r,807,771, | 99,381 | 131 | 12,505 | 5,794 | 1,925,582 |
| AnolysisoJc | hortty netdsse'J b | etweenJundsfot | 2022 | |||
|---|---|---|---|---|---|---|
| S€dtyuick | ||||||
| Endowment | Development | Bequestfor | Lune | Opportunities | ||
| Fund | AppealFund | worksofArt | Scholarship | fund | Total | |
| C | e | t | € | f | E | |
| Tangiblefixedassets | 2,s00,mo | 2,500,000 | ||||
| lnvestments | 4,509 | 4,509 | ||||
| Debtors | 4,000 | 4,000 | ||||
| Cashatbank | 249,473 | 131 | 20,242 | 10,223 | 280,049 | |
| Creditors | (829,804) 7,477,O23 |
(207,s33) 45,880 |
131 | 20,282 | 10,223 | lL,O37,3371 1,757,227 |
| 2023 | 2022 | |
|---|---|---|
| Grosssalaries | 27,868 | 59,916 |
| Social SecurityCosts | 1,695 | 8,268 |
| Superannuation | 6,557 | L2,L56 |
| 36,120 | 80,340 |