| Trustees | |
|---|---|
| MrARCollinson | |
| Mr MFisher | |
| Mrs WPreston | |
| MrPDyer | |
| DrRJackson | |
| MrHRoberts | |
| MrDonaldWilkinson | |
| MrRodBurgess(appointed15March20241 | |
| MrSteven Quick(appointed13June 2024) | |
| Headmaster | DrCPyle |
| Administrator | MrsCLodge |
| RegisteredOfIice | East Road |
| Lancaster | |
| TAl3EF | |
| lndependentexaminers | Saint&Co |
| TheOldPoliceStation | |
| ChurchStreet | |
| Ambleside | |
| Cumbria | |
| LA22OBT | |
| Bankers | Yorkshire Bank |
| 45 PennyStreet | |
| Lancaster | |
| LAl1UE | |
| BarclaysBank Plc | |
| Market Street | |
| Lancaster | |
| LA1lHR | |
| National WestminsterBank Plc | |
| 68 ChurchStreet | |
| Lancaster | |
| TA1lLN | |
| Solicitors | Blackhurst SwainsonGoodier |
| 3&4AalborgSquare | |
| Lancaster | |
| LA11U |
| Yearto | Yeaato | ||||||
|---|---|---|---|---|---|---|---|
| Autust | Autust | ||||||
| 2024 | 2023 | ||||||
| J{ote | Endowment C |
Unrestrlcted C |
Total e |
Total t |
|||
| lncomintresources | |||||||
| lncomefromgeneratedfunds | |||||||
| lncome from donations,legacies andgrantincome | 3 | ||||||
| 694,186 | 694,186 | 224,813 | |||||
| lncome from other trading activities | 4 | 225,009 | 225,OO9 | 193,934 | |||
| lnvestment income | 5 | 8,763 | 4,763 | 1,630 | |||
| Totalincomlng resources | 213,772 | 694,185 | 927,958 | 420,177 | |||
| Resourcesexpended | |||||||
| Costof raisint funds | |||||||
| Costof generating voluntary income | 6 | 55,08s | s6,085 | 51,353 | |||
| costsfor generating funds: | |||||||
| Mortgagelnterest | 31,153 | 31,153 | 45,783 | ||||
| 31,153 | 56,085 | a7,234 | 97,t36 | ||||
| CorporationTax Expenditure on Charitable activities |
7 | 50 | 87,O27 | a7,o77 | 144,793 | ||
| Total resources expended | 31,2O3 | t4t,tt2 | 174,315 | 245,929 | |||
| Netincomin&/(outgointl | |||||||
| resources beforetransfers | 202,569 | 551,074 | 753,643 | 174,448 | |||
| Transfers | (29,36s) | 29,365 | |||||
| Netincomin&/(outtolngl | |||||||
| resou:ces beforeotherrecotnisedgains and losses | 173,204 | 580,439 | 753,643 | 174,448 | |||
| NetReallsed/Unreallsedgains/(lossesl | on | ||||||
| investments | 362 | 362 | (87) | ||||
| Netmovementinfunds | t7t,566 | 580,439 | 754,005 | t74,t6t | |||
| Reconciliation offunds | |||||||
| Total fundsbrought forward at | |||||||
| ISeptember2023 | I,4o7,777 | 117,811 | 7,925,542\751,221 | ||||
| Total funds carriedforwa.dat3lAugust2024 | 1,981,337 | 698,2s0 | 2,679,s87t,92s,5A2 |
| Yearto | Yearto | |||
|---|---|---|---|---|
| Note | Autust2024 | August2023 | ||
| fotal | Total | |||
| C | e | |||
| Fixed assets | 8 | 2,500,000 | 2,500,000 | |
| lnvestments | 9 | 4,784 | 4,422 | |
| CullentAssets | ||||
| Debtors | 10 | 36,252 | 23,L43 | |
| Cashatbank | 698,340 | 273,964 | ||
| 734,592 | 297,707 | |||
| Credltors falling duewithinoneyear | 11 | (1s0,9s6)(32s,4s21 | ||
| Netcurentassets/(liabilitiesl | 583,636 | (28,345) | ||
| Totalassetslesscurrent liabilities | 3,O88,420 | 2,476,O77 | ||
| credltoEfallingdueafteroneyear | 72 | (408,833) | (550,49s) | |
| etassets | 2,679,5a77,925,582 | |||
| Representedby | ||||
| Endowment fund | 13 | 1,981,337 | 7,4O7,777 | |
| Developmentappealfund | 13 | 667,381 | 99,381 | |
| Sedgwickrequest for works ofart | L3 | 131 | 131 | |
| Lunescholarship | 13 | 27,a64 | 12,505 | |
| Opportunities fund | 13 | 2,a74 | 5,7 | |
| 2,679,587 | t,92s,sa2 |
| 2 | et lncome/(expenditu;elfo?the year includes: | ||
|---|---|---|---|
| 2024 | 2023 | ||
| Staff costs | 35,486 | 35,319 | |
| lndependent examination | 3,306 | 3,696 | |
| 3 | lncomintresourcesftom charitable activities | ||
| 2024 | 2021 | ||
| covenants/Gift Aid Donations | 128,840 | 166,315 | |
| lncome Tax Recoverable | t7,664 | 24,O90 | |
| lnspirus Proiect Donations | 60 | 14,158 | |
| Legacies | 547,622 | 20,250 | |
| 694,186 | 224,873 |
| 4 | lncomefrom other trading actiyitles | ||
|---|---|---|---|
| 2024 | 2021 | ||
| Rental income-LRGS | '175,000 | 175,000 | |
| Rentalincome | 50,009 | 18,934 | |
| 22s,OO9 | 193,934 | ||
| 5 | lnvestmentincome | ||
| 2024 | 202' | ||
| colFDividends | 947 | 645 | |
| Bankinterest | 7,8I6 | 985 | |
| 8,763 | 1,530 | ||
| 5 | Costof Generatingvoluntaryincome | ||
| 2024 | 2023 | ||
| Staff costs | 35,486 | 36,L20 | |
| Travel,Accommodation and Hospitality | 8,321, | 2,330 | |
| Othercosts | 8,792 | 7,909 | |
| AccountingServlces | 3,306 | 4,994 | |
| s5,905 | 51,353 |
| 2024 | 2021 | |
|---|---|---|
| Grants madetoschoolinrespectof | ||
| -DonationtowardtheSchool | 50,277 | |
| - DonationstowardSchoolequipment | 934 | |
| - DonationstowardRowingEquipment | 4,777 | |
| - Pupils ScholarshipsviaLuneScholarship | 6,722 | 9,827 |
| - lnspirUSCosts | 29,547 | 26,476 |
| - Extracurricular/AnnualFund | 46,684 | 52,457 |
| - Bursaries | 180 | 350 |
| -OpportunitiesFund | 2920 | 4,249 |
| -Donations ofLettingslncome | 50 | |
| - ClassicsFunding | 500 | |
| a7,o77 | L48,793 |
| FreeholdLand | ||
|---|---|---|
| &BuildlnBs | Total | |
| At cost | ||
| Balanceat1September2023 | 2,s00,000 | 2,s00,)o |
| Additions | ||
| Disposals | ||
| Balanceat3lAugust2024 | 2,sfi',(x'O | 2,sfit.(xto |
| Depreciation | ||
| Balanceat1September2023 | ||
| Depreciationchargeyear | ||
| Balanceat3lAugust2024 | ||
| et book value | ||
| At31August2024 | 2,500,000 | 2,s00,000 |
| At3lAugust2023 | 2,500,000 | 2,500,000 |
| 235h1,939 | UK | Total | |
|---|---|---|---|
| COIFunhs | Equitles | ||
| Cost | |||
| Balanceat1September2023 | L,206 | 7,206 | |
| Additionsintheyear | |||
| Disposals inthe year | |||
| Balanceat31August2024 | t,206 | 7,206 | |
| Marketvalue | |||
| Balanceat1September2023 | 4,422 | 4,422 | |
| Additionsintheyear | |||
| Changesinthe year | 362 | 362 | |
| Balanceat31August2024 | 4,744 | 4,784 |
| 2024 | 2023 | |
|---|---|---|
| RentonSummerLets | 28,545 | |
| Accruedlegacyincome | 20,000 | |
| Accruedbankinterest | 4,299 | |
| lncometax ongiftaid andcovenants | 3,408 | 3,143 |
| 36,252 | 23,143 |
| 2024 | 202' | |
|---|---|---|
| Bank loans | L47,458 | 146,156 |
| Amounts owedtoLRGS | L74,554 | |
| Tradecreditors | 138 | 1,382 |
| Accruals anddeferred income | 3,350 | 3,360 |
| CorporationTax | ||
| 150,956 | 325,452 |
| 13 Funds |
||||||
|---|---|---|---|---|---|---|
| sedgwick | ||||||
| Bequestfor | ||||||
| Cndowment | Oevelopment | worksof | Lune | Opportunities | ||
| Fund | AppealFund | Art | scholaiship | fund | Total | |
| E | C | C | E | C | € | |
| openingbalance | ||||||
| at1September | ||||||
| 2023 | 1,807,771 | 99,381 | 131 | 12,505 | 5,794 | 7,925,582 |
| Net(outgoing)/ | ||||||
| incoming | ||||||
| resources | 202,93L | 538,635 | 15,359 | 12,e2ol | 754,OO5 | |
| Transfers | (29,36s) | 29,365 | ||||
| L,94L337 | 667,381 | 131 | 27,864 | 2,874 | 2,679,587 |
| s€dgrrrlck | ||||||
|---|---|---|---|---|---|---|
| Bequestfor | ||||||
| Endowment | Development | Wo*sof | Lune | Opportunities | ||
| Fund | AppealFund | Art | scholarship | tund | Total | |
| t | C | e | C | E | C | |
| Opening balance | ||||||
| at1September | ||||||
| 2022 | 1,674,705 | 45,880 | 131 | 20,282 | 1o,223 | 7,757,22L |
| Net(outgoing)/ | ||||||
| incoming | 749,694 | 36,873 | (7,7771 | (4,4291 | 174,36L | |
| resources | ||||||
| Transfers | (16,628) | t6,628 | ||||
| L,807,77L | 99,381 | 131 | 12,505 | 5,794 | 1,925,s42 |
| AnotysisoIc | hotwnetosselsb | etween lunds,ot | 2024 | |||||
|---|---|---|---|---|---|---|---|---|
| Sed$rick | ||||||||
| Endowment | Oevelopment | Bequest | for | Lune | Opportunities | |||
| Fund C |
AppealFund f |
Works of | Art I |
Schola]ship f |
fund f |
Total C |
||
| Tangiblefixedassets | 2,500,000 | 2,500,000 | ||||||
| lnvestments | 4,784 | 4,784 | ||||||
| Debtors | 32,844 | 3,408 | 36,252 | |||||
| Cashat bank | 667,477 | 131 | 27,a64 | 2,874 | 698,340 | |||
| Creditors | (ss6,291) | (3,498) | (ss9,789) | |||||
| r,98t,337 | 667,381 | 131 | 27,864 | 2,a74 | 2,679,587 |
| Anotysisolc | hority netossets | belrreenlundstot | 2023 | |||
|---|---|---|---|---|---|---|
| Sedturick | ||||||
| Endowment | Development | Bequestfor | Lune | Opportunities | ||
| Fund | AppealFund | Works ofArt | Scholarship | fund | Total | |
| f | C | c | t | f | e | |
| Tangiblefixedassets | 2,500,000 | 2,s00,000 | ||||
| lnvestments | 4,422 | 4,422 | ||||
| Debtors | 23,743 | 23,743 | ||||
| Cashatbank | 255,534 | 131 | 12,505 | 5,?94 | 273,964 | |
| Creditors | (696,6s1) 'r,,807,77t |
(t7e,2e61 99,381 |
131 | L2,505 | s,794 |
| 2024 | 2021 | |
|---|---|---|
| Grosssalaries | 27,403 | 27,868 |
| SocialSecurityCosts | 2,527 | 1,695 |
| Superannuation | 5,556 | 6,557 |
| 35,486 | 36,L20 |