# ## ## ||||Page| |---|---|---|---| |Reference and administrative||details ofthe Charity, its Trustees and advisers|| |Trustees'
report|||2-6| |Independent
auditors'|report|on the financial statements|7-10| |Statement offinancial|activities||| |Balance sheet|||12| |Statement ofcash flows|||13| |Notes to the financial|statements||14-27| ## |Trustees|Stuart Baran|||| |---|---|---|---|---| ||Dennis Barnett|||| ||Matthew
Canale-Parola|||| ||Janet Eastwood|||| ||Stuart Esworthy
(appointed|||1 September 2022)| ||Jeffrey Glenn (resigned||9|January 2022)| ||Peter Kent (resigned 31||December 2021)|| ||Simon Lau (appointed|22||September 2021)| ||Thomas Legge (appointed|||6 April 2022)| ||Kevin Mahon (resigned||31 August 2022)|| ||Carol Moor|||| ||Teresa Mpofu (appointed|||1 January 2022)| ||Justin Muston|||| ||Kalonga Musukuma|||| ||Sue Peach (resigned 31 August 2022)|||| ||Rebecca Rees|||| ||Gwen Temple (resigned||21 September 2021)|| ||Paula Whitfield|||| |Charity registered||||| |number|528770|||| |Principal Address|Lawrence Sheriff School|||| ||Clifton Road|||| ||Rugby|||| ||Warwickshire|||| ||CV21 3AG|||| |Clerk to Trustees|Gillian Beardshaw|||| |Auditors|Crowe U.K. LLP|||| ||Black Country House|||| ||Rounds Green Road|||| ||Oldbury|||| ||West Midlands|||| ||B692DG|||| |Bankers|Barclays Bank PLC|||| ||11 North Street|||| ||Rugby|||| ||Warwickshire|||| ||CV21 2AN|||| |Solicitors|Browne Jacobson LLP|||| ||Mowbray
House|||| ||Castle Meadow Road|||| ||Notting ham|||| ||NG2 1BJ|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Endowment|Total|Total| |---|---|---|---|---|---|---|---|---| |||||funds|funds|funds|funds|funds| |||||2022|2022|2022|2022|2021| ||||Note||E|f.|f.|| |Income and||||||||| |endowments|from:|||||||| |Donations
and||legacies|3|666,737|||666,737|667,191| |Investments|||4|236|118||354|717| |Total income
endowments|and|||666,973|118||667,091|667,908| |Expenditure|on:|||||||| |Charitable
activities||||472,187||222,267|694,454|770,376| |Total expenditure||||472,187||222,267|694,454|770,376| |Net||||||||| |income/(expenditure)||||||||| |before net||||||||| |gains/(losses)
investments||on||194,786|118|(222,267)|(27,363)|(102,468)| |Net gain/(loss)
investments||on||3371|(19)||3,352|(745)| |Net||||||||| |income/(expenditure)||||198,157|99|(222,267)|(24,011)|(103,213)| |Transfers
between||||||||| |funds||||(139,700)||139,700||| |Net movement||in||||||| |funds||||58,457||(82,567)|(24,011)|(103,213)| |Reconciliation||of||||||| |funds:||||||||| |Total funds brought
forward||||633,727|7,890|8,474,624|9,116,241|9,219,454| |Net movement||in funds||58,457|99|(82,567)|(24,011)|(103,213)| |Total funds|carried|||||||| |forward||||692,184|7,989|8,392,057|9,092,230|9,116,241| ## ||||||2022||2021| |---|---|---|---|---|---|---|---| ||||Note||||| |Fixed assets|||||||| |Tangible assets|||||10,296,864||10,519,131| |Investments|||||||15,505| ||||||10,296,864||10,534,636| |Current assets|||||||| |Debtors|||10|291,738||167,191|| |Cash at bank and|in hand|||510,614||503,982|| |||||802,352||671,173|| |Creditors: amounts|falling|due within one|||||| |year||||(226,811)||(185,496)|| |Net current assets|||||575,541||485,677| |Total assets less|current|liabilities|||10,872,405||11,020,313| |Creditors: amounts|falling|due after more|||||| |than one year|||12||(1,780,175)||(1,904,072)| |Total net assets|||||9,092,230||9,116,241| |Charity funds|||||||| |Endowment
funds|||13||8,392,057||8,474,624| |Restricted
funds|||13||7,989||7,890| |Unrestricted
funds|||13||692,184||633,727| |Total funds|||||9,092,230||9,116,241| ## ||||STATEMENT OF CASH FLOWS|STATEMENT OF CASH FLOWS|||| |---|---|---|---|---|---|---|---| |||FOR|THE|YEAR ENDED 31 AUGUST|2022||| |||||||2022|2021| ||||||Note|F|| |Cash flows from operating||activities|||||| |Net cash used
in operating|activities|||||127,247|324,615| |Cash flows from investing||activities|||||| |Dividends,
interests
and rents from investments||||||354|717| |Proceeds from sale of investments||||||18,857|| |Net cash provided
by investing
activities||||||19,211|717| |Cash flows from financing||activities|||||| |Repayments
of borrowing||||||(139,700)|(133,430)| |Interest paid||||||(126)|(92,809)| |Net cash used in financing||activities||||(139,826)|(226,239)| |Change
in cash and cash||equivalents
in||the year||6,632|99,093| |Cash and cash equivalents||at the beginning||ofthe year||503,982|404,889| |Cash and cash equivalents||at the end of||the year|16|510,614|503,982| |The notes on pages 14 to 27 form part|||ofthese financial statements||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Total| |---|---|---|---|---|---| |||||funds|funds| |||||2021|2021| |Rugby|Lower|School|donations|667, '/91|667,191| ## |||Unrestricted|Restricted|Total| |---|---|---|---|---| |||funds|funds|funds| |||2022|2022|2022| |||F|F|F| |Investment|income - prize fund||118|118| |Other interest received||236||236| |||236|118|354| |||Unrestricted|Restricted|Total| |||funds|funds|funds| |||2021|2021|2021| |Investment|income - prize fund||350|350| |Other interest received||367||367| |||367|350|717| ## ## ## ||Unrestricted|Endowment|Total| |---|---|---|---| ||funds|funds|funds| ||2022|2022|2022| ||E|f.|F| |Insurance|93,383||93,383| |Rugby Bid Levy|5,000||5,000| |School budget allowance|253,982||253,982| |Prizes|5,038||5,038| |Professional fees|23,896||23,896| |Finance charges|90,888||90,888| |Depreciation||222,267|222,267| ||472,187|222,267|694,454| ## ## ## ||Unrestricted|Endowment|Total| |---|---|---|---| ||funds|funds|funds| ||2021|2021|2021| |Insurance|69,634||69,634| |Rugby Bid Levy|3,606||3,606| |School budget allowance|281,545||281,545| |Prizes|1,819||1,819| |Professional fees|23,696||23,696| |Capital projects|75,000||75,000| |Finance charges|92,809||92,809| |Depreciation||222,267|222,267| ||548,109|222,267|770,376| ## ## ||||||2022|2021| |---|---|---|---|---|---|---| |Auditor's|remuneration||- statutory|audit|3,500|3,300| |Depreciation||oftangible|fixed assets:|||| |-owned|by|the Charity|||222,267|222,267| ## ## |8.|Tangible fixed assets|| |---|---|---| |||Freehold| |||property| |||E| ||Cost or valuation|| ||At 1 September 2021|12,075,000| ||At 31 August 2022|12,075,000| ||Depreciation|| ||At 1 September 2021|1,555,869| ||Charge for the year|222,267| ||At 31 August 2022|1,778,136| ||Net book value|| ||At 31 August 2022|10,296,864| ||At31August 2021|10,519,131| ## ## ## ## |||||||2022f|2021
E| |---|---|---|---|---|---|---|---| |F515Equities|Investment||Fund for Charities||Income Units||7,890| |2577.30 Charities||Official|Investment|Income|Shares||7,615| ||||||||15,505| ## ||2022|2021| |---|---|---| ||F|| |Due within one year||| |Accrued income from Rugby Lower School|291,738|167,191| ||291,738|167,191| ## ## ## |11.|Creditors: Amounts|falling due within|one year||| |---|---|---|---|---|---| |||||2022|2021| ||Bank loans|||124,632|140,435| ||Amounts
owed to Lawrence Sheriff School Academy Trust|||321|321| ||Accruals and deferred|income||101,858|44,740| |||||226,811|185,496| |12.|Creditors: Amounts|falling due after|more than one year||| |||||2022|2021| ||Bank loans|||1,780,175|1,904,072| ||Included
within the above are amounts||falling due as follows:||| ||Between two and five years||||| ||Bank loans|||539,027|550,160| ||Over five years||||| ||Bank loans|||1,241,148|1,353,912| ## ## ## ||Balance at 1|||||Balance at| |---|---|---|---|---|---|---| ||September
2021|Income|Expendituref|Transfers
in/out
F|Gains/
(Losses)
f|31 August
2022
E| |Unrestricted||||||| |funds||||||| |General Funds-||||||| |all funds|633,727|666,973|(472,187)|(139,700)|3,371|692,184| |Endowment||||||| |funds||||||| |Endowment||||||| |Funds - all funds|8,474,624||(222,267)|139,700||8,392,057| |Restricted||||||| |funds||||||| |Prize fund|7,890|118|||(19)|7,989| |Total offunds|9,116,241|667,091|(694,454)||3,352|9,092,230| ## ## |Statement offunds (continued)|Statement offunds (continued)|Statement offunds (continued)|||||| |---|---|---|---|---|---|---|---| |Statement offunds - prior year|||||||| |||Balance at|||||Balance at| |||1September
2020|Income|Expenditure|Transfers
in/out|Gains'
(Losses)|31August
2021| |Unrestricted|||||||| |funds|||||||| |Unrestricted
general funds||649,401|667,558|(548,109)|(133,080)|(2,043)|633,727| |Endowment|||||||| |funds|||||||| |Permanent|||||||| |endowment|fund|8,563,461||(222,267)|133,430||8,474,624| |Restricted|||||||| |funds|||||||| |Prize fund||6,592|350||(350)|1,298|7,890| |Total offunds||9,219,454|667,908|(770,376)||(745)|9,116,241| ## |Analysis|of n|et assets between
funds -|current year|||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Endowment|Total| ||||funds|funds|funds|funds| ||||2022|2022|2022|2022| |||||E||E| |Tangible|fixed|assets|||10,296,864|10,296,864| |Current|assets||794,363|7,989||802,352| |Creditors|due|within one year|(102,179)||(124,632)|(226,811)| |Creditors|due|in more than one year|||(1,780,175)|(1,780,175)| |Total|||692,184|7,989|8,392,057|9,092,230| ## ## |Analysis of n|et assets between
funds -|prior year|||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Endowment|Total| |||funds|funds|funds|funds| |||2021|2021|2021|2021| |Tangible fixed|assets|||10,519,131|10,519,131| |Fixed asset investments||7,615|7,890||15,505| |Current assets||671,173|||671,173| |Creditors due|within one year|(45,061)||(140,435)|(185,496)| |Creditors due|in more than one year|||(1,904,072)|(1,904,072)| |Total||633,727|7,890|8,474,624|9,116,241| ## |||||2022|2021| |---|---|---|---|---|---| ||Net expenditure
for|the year (as per Statement of Financial Activities)||(24,011)|(103,213)| ||Adjustments
for:||||| ||Depreciation
charges|||222,267|222,267| ||(Gain)/Loss
on investments|||(3,352)|745| ||Dividends,
interests|and rents from investments||(354)|(717)| ||Interest payable|||126|92,809| ||(Increase)/Decrease||in debtors|(94,547)|109,233| ||Increase
in creditors|||57,118|3,491| ||Net cash provided|by operating
activities||157,247|324,615| |16.|Analysis ofcash and cash equivalents||||| |||||2022|2021| ||Cash in hand|||510,614|503,982| ||Total cash and cash||equivalents|510,614|503,982| ## ## ||||||Changes
in|| |---|---|---|---|---|---|---| ||||||market|| ||||||value and|| ||||At 1||exchange|| ||||September
2021|Cash flows|rate
movements|At 31
August 2022| |||||F|F|F| ||||F|||| |Cash|at bank and in hand||503,982|6,632||510,614| |Debt|due within|1 year|(140,435)|139,700|(123,897)|(124,632)| |Debt|due after 1 year||(1,904,072)||123,897|(1,780,175)| ||||(1,540,525)|146,332||(1,394,193)| ##