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2024-08-31-accounts
| 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 |