# # ## ## ## ## ## |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|195,511| |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|