Charity number.. 528770 LAWRENCE SHERIFF SCHOOL FOUNDATION TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
LAWRENCE SHERIFF SCHOOL FOUNDATION CONTENTS Page Reference and adminislralive details of the Charity, its Trustees and advisers Trustees, report Independent auditors. report on the finanGial statements Statement of financial activities 8-11 12 Balance sheet 13 statement of cash flows 14 Notes to the finanGial statements 15-26
LAWRENCE SHERIFF SCHOOL FOUNUAI IUN REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Trustees Manoj Agarw81 lappoinlèd as a Trustee 1 May 20251 Sluart Baran James Barber lappoinled as a Parent Trustee fj 8 November 2025) Clinton Drackell Janel Eastwood (resigned as a TNslee 31 Augusl 20251 Stuart Eqworthy {Re-appoinled as Vice Chair ol Truslees 1 September 20251 Li Kang lappoinled as a Trustee 12 September 20251 Simon Kent lappoinled as a Truslee 29 April 20251 Kulasekar Krishnama Simon Lau {resigned as a Trustee 21 Seplember 20251 Thomas Leqqe Teresa Mpolu Juslin Muslon Kaloiiga Musukuma IRe-appoinled Chair ol Trustees 1 September 20251 Samir Muzaffar lappoinled as a Co-opted Trustee 14 October 20251 Gita Nalarajan lappoinled as a Trustee 25 September 20241 Beata Perks lappoinled as a Trustee 26 June 20251 Paula Whitfield Charity registered number 528770 Principal Address Lawrence Sheriff School Clifton Road Rugby Warwickshire CV213AG Auditors Crowe U.K. LLP Black Country House Rounds Green Road Oldbury Wesl Midlands B69 20G Bankèrs Barclays Bank PLC 11 North Street Rugby WaDMickshirÈ CV21 2AN Solicitors Brownc Jacobson LLP Mowbray House Castle Meadow Road Nollingham NG21BJ Page 1
LAWRENCE SHERIFF SCHOOL FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their annual report together with the audited financial slalemenls ol the Lawrt>nr.p. Sherilf School Foundation for Ihè year 1 September 2024 10 31 Augusl 2025. The Trustees have adopted the provisions of the Sialemenl ol Recommended Practice ISORPI "Accounting and Reporting by Charities IFRS 1021 in preparing the annual reporl and linanclal slalemenls of the Charity. Objectlves and activilies Policies and objecllves The objective of the Charity is For the public benefit, lo advance the education of students through the provision of a sile for a school known as Lawrence Sherilf School. In selling objectives and planning for aclivilies. the Trustees have given due consideration lo general guidance published by the Charily Commission relating lo public benelil, including the guidance 'Public benefit.. running a charity IPB21'. The Charily strives lo ensure that the provision of facilities is up lo dale, Ihus enabling the school lo provide the appropriate curriGulum and educativii of students from Rugby 2nd ils environs lo ende8vour to Maximise the students, polenlial. The Trustees are alert lo changes in government policy and seek lo develop the facilities lo accommodate such changes. Achievements and performance Main achievements of the Charity 2024-25 Iitlb beefi anoiher Impressive year lor external exam success. This was the first cohort of the larger intake as a result of the grammar school expansion project between 2020-2024 and even with this larger cohort the school has maintained the previous high standards sel. Al GCSE the school achieved the second hiuhpql 8p.1 of non-covid (JLbk results with an allainmenl 8 figure of 7.4 and the % ol entries achieving grades 9-7 was 68 /0. Diie to a lack of KS2 data, no government progi'ess 8 figure can be provided.. however, internal measures suggest this would have been around 0.65. Al post 16 we continued lo maintain niir hioh gtandgrds with tho average grade achieved being a B. The percenlage of enlries achieving A'.B was 72,1 /0. 840/0 pi'ogressed lo university with Ihe remaining students choosing apprenticeships, employment or gap years. As a result of the grammar school expansion, with a locus on disadvanlaged students, the number of students entering the school in receipt of pupil premium h2s increased trom 3 4°A lo 100/0. As a result of our 'keep-up nol catch-up approach,, the gap in allainmenl ancl progi.ess of thése pupils has closed. The results for 2025 showed that al GCSE the allainmenl gap was +0.07. Although there is no government pi'ogress data, internal data suggests that progress 8 WOLJld have been aboiil 1.1 which for Ihe second ye2r would be greater Ihai) the progress for thè rp.sl of the eohort. Th@ Trust is pi'oud of its work in this aa. As the school places emphasis on tho personal development of ils students there are many other achievements lo celebrsle. This list is not exhauslivo bul gives a Ilavour of the school's a¢liievemenls-. Wider participation, trips activities 2nd compelilions.. 4 Year 12 sludenls look pail in the Auschwitz Project becoming Holocaust Ti'usl ambassadors. 6 Year 12-13 students look pail in the ESU'S Mace Debate reaching the Midlands Final. 145 Year 7 students dllending an outward bounds residential Irip al PGL 801'e811on Park. 40 slLidenls look part in a French immersion trip lo the north ol Fi'ance. All Year 7 students allended a history trip lo Warwick C2sIIe. All Year 8 sluclenls allended a liislory li.ip lo tho Black Country Living Museum. All Year 12 and 13 History students allended a trip lo Hampton Couri. Page 2
LAWRENCE SHERIFF SCHOOL FOUNDAI IUN TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Achievements and performance Icontinuedl The Foundation for Ihe Hislory of Tolalilaiianism came in lo school lo run a workshop for all Year 12 and 13. History sluden15 about the Ukrainian Holodomor. All Year 12 and 13 Politics sludenls attended a Irip lo the Houses ol Parliament. 68 31ud0nl signed up and working towards their Rronze Diike of Edinburgh Award. 18 sludenls signed up and working towards their Silver Duke ol Edinburgh Award. 17 students signed up and working towards Iheir Gold Duke ol Edinburgh Award. All 1200 sludenls on roll were offcred approximalely 110 varying enrichmenls lo choose from. 60 students attended a performance of Romeo and Juliet al the Belgrade Theatre in Coventry. The whole of Year 11 allended an in-school performance ol Macbeth. Five Year 13 Compuler SGienGe studenls and one Year 12 Computer Scien¢e student are completing a week-long work experience placemenl in the software development team al Lorax Compliance based in Rugby. 15 Year 12 Compuler Science students are allendiiig the Applied Compuling Experience Day al Covenlry Universily. All Year 8 Computer Science students look parl in the Mission Zero challenge sponsored by Ihe European Space Agency. Over 100 sludenls successfully complelgd Ihe challenge and Iheir programs were run on the Astro Pi compuler on board the International Space Slalion in May and the astronauts were able lo see these images as they went about their daily lasks. 3 Year 1 fj and12 students allended the Historical Association's Greal Debate. 24 Year 10 students look part in the Rugby lour lo Lancashire. ?fi Ygar 8 students look parl in the Ruqby lour to Wales. All of Year 9 watched, and look part in, an event run by Riot Act about the importance ol being aware of your surroundings around traffic. All of Year 10 walrhgd A prp.%enlalion and took part in wort<shops, run by Loudmouth on the issue of county lines and child sexual exploilalion. All of Year 11 watched a presentation and look part in discussions on knife crime run by Sland Against ViolcnGC. All Year 12 and Year 13 students saw a presentation about being a responsible passenger, the impact ol dislraclions on drivers and the challenges lacing young drivers. Y¥ai" 13 Biology students wcre sivcn thè opportunity to exporienft.p. rAaliqtir medical school entry interview practice with Old Laurenlians. 80 A level Biology students look part in the UKBC inlermediale Olympiad of which l achieved a Gold award, 6 achieved Silver, 16 achieved Bronze, 12 achieved Highly Commended certific.Rlès and 11 achieved Commended. 70 A level Biologists and Psychologists attended a presentation and workshop about healthcare professions and Couises run by the University of Manchester. A level Biology students wsiled the School of Medicine al the University of Birmingham lo lry out PCR and gel electrophoresis. 150 Year 9 sludenls went lo the Science Museum in Londun iii October. All ol Years 7 and 8 completed NATRE'S Spirited Arts competition. 53 sluéenls in Years 8-10 allended the ski trip lo Auslria. 12 Year 8 students allended the Essex Cricket lour. Eco Committee achievo Green Flag with Dislinclion from Eco Schools. 28 Year 7-10 sludenls look part in the prestigious Solihull 6's Cricket ToLJrnamenl, with bolh Year 7 & 9 reaching the Semi-Finals. 12 Year 11 and 12 sludenls look part in the Bablake T20 Cricket Tournament. There wei'g 162 sporting lixlure% with 245 fjludènls regularly iepi"esenling the school. 20 students made up the squad that saw the Year 9's crowned County Football Champions. 2 51udenls competed for WapNickshire al Ihe National Schools Alhlelics Championships al Birmingham's Alexsndei. Stadium. A full and diverse House Competition, culminating in Sports Day, has taken place over 10 months. Page 3
LAWRENCE SHERIFF SCHOOL FOUNDATION TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Achievements and performance Icontinuedl 66 Year 12 students volunteered in their commiinily during their freè periods. The volLinleers wenl weekly and helped support primary school students with their rp.ading 2nd spelling, went into nursing homes ar)d were company lor the residents and supported Ihe staff, anLI supported staff in Rugby Library. 150 Year 8 sludenls went lo Bitmingham lo complete an Urban Investigation. 103 GCSE geography students went lo River Sow for a Physical Investigation. Year 12 Geographers went lo Maplelon, Birmingham, and Crick lo carry out fieldwork. 39 Year 11-12 stijclpnls wènt lo Iceland as part of their Sixth Form studies. 71 Year 12 Chemistry visited W2nMick University where they had presentations about eulling edge chemistry, mainly nanotechnology. 69 Yéar 12 Chemistry students look parl in the Cambridge Cheinislry Challenge, wllh 16 students achieving a Copper certificate and 4 students achieving Silver. 6 Students who study a combination of Chemislry, Biology and Physics look part in the Foxcroft Scien Qui2 hosted al Rugby School. They achieved 2iid Place, beating lols of tough compelilion. 31 Students from across STEM subjecls allended a Big Bang event al iChemE in Rugby. 30 Year 9 and 15 Year 12 visited Caterpillar where they were able lo see the production line and drive 8 backhoe loader and ass¥tnble brake assembly components. 15 students look part in Robot Wars ant bol design aiid manufacture. 40 Students visited Barcelona as part of the Spanish curriculum. As part of our work with NCLE and as a Language Hub, 40 sludenls participated in a filmed lesson along with sludenl panels who were asked about their language education. 3 language assislanls worked alongside our students land Ihose of partner schools) tn dpp.pp.n thoir speaking skills in French, German and Spanish. 40 sludenls allending a Year 11 Spanish and German exam skills workshop. 26 Year 7 students allended Axiom Maths Circles every week frjr th?. whnlp. year. This is s 5-y8ar programme delivered throughout the UK, Addillonally, two of the students were selected lo pailicipale in the Axiom Maths Summer Camp, which look place 21 Cambridge University. Year 12 Business Studies students 211endpd tripg In c.adbury World, WapNick Univcroily ond DIRFT. A Year 7 sludenl achieved highest worldwide return in Stock Market Challenge. The Year 12 Nebmorking Day look place with 225 sludenls taking part in 4 tailored sessions on networking and commiinir.alinn with 26 visitors from v21"iou- Indu- 634 students taking part in the UKMT Maths Challenge, which is comfortably the most we have had. Of these, we have had the highest proportion ol gold ¢erlilicales and entries to further rounds. 7 %tiJdents participated in the UKMT Mathematical Olympiad competitions, acl)igving Merits and Dislinclions, including a Bronze medal. A team of 4 Year 8 and Yeai. 9 Students reached the national final of the UKMT Team Maths Challenge, where Ihèy gave a vcry good account of themselves. 15 students represented LS Griffins, the school's Ullimale Frisbee lÈam, al two Youth National lournamenls this year and exceeded expectations al both. They went head-lo-head against more experienced leams and canie veiy LlJse to achieving bronze Inedals in the Outdoor IoLJrnampnl. Year 9 sludenls won the County Football Championships. 4 Year 12 sludenls represented the school al Royal Holloway University's National PsYChol(Y Competition. Slalf versus Students Maths Team Challenge was another roaring success with sludenls winning for the second year. Students deiTronstraled Iheir amazing allilude lo leaming by spending over 1500 hours in maths clinics beyond school time. Results don't come for free! 38 students travelled to Germany lo experience German Christmas market in Mons C.haLI and German instructed OLJldoor aclivilies. 230 sludenls look instrumental lessons in school. 150 students participated in school concerts. 45 students pei'lormed in music assemblies. Thpre were 162 sporting fixtures with 245 students regularly representing the school Page 4
LAWRENCE SHERIFF SCHOOL FOUNDAI IUN TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Achievements and performance Icontinuedl The arts scene is flourishing wilh a school production of Oliver Jrl a Christmas music concert, Spring music concert and Summer qniree. If students are happy al school they will wanl lo allend. Our allendance figures are consislenlly in the lop decile nationally lor the Academic Year 2024-25. We arp also ranked 1 out of 37 secondary schools within the local 2ulhorily for IhÈ year lor allendance. The Academy has Gontinued lo develop its Teaching School Hub remit. In (Jur 4th year of TSH designation, serving 221 schools in our area. we have engaged with 89°/0 of these schools over the 4 years. We also currently work with a furlher 88 schools who sil just outside our DIE designated area. This academic year we have delivered NPQts [0 119 participants, E.CT training to 317 ECTS and 262 ECT Mentors. We partner with Warwick University lo deliver ITT training and this year we have worked directly wilh 31 schools as parl of our Parlner-Led ITT programme. We currently provide Appropriate Body Services for 569 ECTS across our region. Throughout the academic year 2024-25 the school completed an IT audit and developed ils IT Slralegy. To support all aspecls of leaching and learning as well as business adminislr2lion. the migration from one plalform to anolhei has been completed. This has enabled the school to unify Syblems and processes. Financial Rèview a. Going concern After making appropriate enquiries, the Board of Trustees has a reasonable expectation that the Foundation has adequate resources lo continue in operational existence lor the foreseeable future. The income from Rugby School is stable and for this reason il continues lo adopt the going Concern basls prep(Iiiiiy Ili¥ fiiiaiicial slalemenls. Further details regarding the adoption of the going concern basis can be found in the Slalemenl of Accounting Policies. b. Reserves policy As al 31 August 2025 the value of Ljnreslricled funds was £685,19112024 - £673,217). The Trustees believe that for the coming financial year the balance on this fund is sufficient for anlicipaled essenlial expendilui'e to maintain and insure the land and buildings, seNlce Ihe bank loans aiid provide other support to the Academy Trust lo enable the school lo continue lo provide a high s12ndard of education. The Trustees reserve policy is lo maintain unreslricled reserves of al least £600,000. As al 31 August 2025 the value of reslricled and endowment funds was £8,fj28,53912024 - £8,211.7021. The governing body of the Academy Trust continue lo invest prudently in the development of the school. An amount nf £139,104 12024 £150,562) has been transferred from the General Fund to the Permanent Endowment Fund this year lo cover Ihe loan repayments dui'ing the year. The balance on the Permanent Endowment Fund represents the Cost of valuation of existing buildings and Ih05e under conslruclion and relurbishmenl costs less (han oulsl8nding balances on the loans after depreciation. Fundraising Fundraising activities ol the Foundation are resli"Icled lo school based aclivilies such as summer fetes and dress down days, and are not bound by any voluntary scheme. These activities do not involve the use of professional fund-I"aisers or commercial parlicipanls. Page 5
LAWRENCE SHERIFF SCHOOL FOUNDATION TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Structure> governance and management Constitution Lawrence Sheriff School Foundation is a registered charity. number 528770, and is consliluled under a Memorandum of Association. All Trustees ol Lawrence Sheriff School Academy Trust act as Trustees ol the ch8rily. Thus the charity is governed by Trustees who are all members of the Governing Body of Lawren Sheriff School Academy Trust. The Trustees are responsible lor running the charity and Ihls is dislincl from their responsibility as School Trustees lo oversee the running ol the school itself. The Academy Trust is an exempl charity and governed by ils own Memorandum and Articles of Association. The Foundation owns the land and buildings from which the Academy Trust operates and is govemed by a Charily Commission Scheme dated 14th October 2010. An amendment was made lo update the charitable objectives as of 24th September 2020. New Trustees receive 8 copy of the Charity Scheme and founding Act. They are invited lo allend a training session covering governanp.e and strategic vision. They receive copics of Ihe accounts and charity and Trublees, newslellers. They are also invited lo lake parl in internal and external training as appropriate. Thg. Triigl@$s rogularly reviaw the ri- that are identified. -k- faGod by the Gharily. and iTripleiiiviil syblviris for mlllgaiing of any risks 8latetnenl of Trustees. responsibilities The Trustees are responsible for preparino Ihp. TriJqtp.p.g' rg.port and the financisl £talement- applicable law ancl United Kingdom Accounting Slandaids (United Kingdom Generally Accepted Accounting Praclicel. in accordance wilh The law applicable lo charities in England & Wales requires the Trustees lo prepare financial statements for e2ch financi21 which give a true and fair view of the slate of affairs ol Ihe Charity and ol ils incoming resources and applicalion of resources, including ils income and expenditure, loi. that period. In preparing these financial slalemenls, the Trustees are required lo.. select suitab16 accounting policies and then apply them consistently". observe the methods and pi"inciples of the Charities SORP IFRS 1021., make judgrnenls and accounting eslim21es that are reasonable and prudenl.. state whether applicable UK Accounting Slandards IFRS 1021 have been followed. subject 10 any material departures disclosed and explained in the linanoial slalemenls., prepaie the financial slalemenls on Ihe going e.oncern basis unless il is inappropriate to presume that the Charity will continue in business. The Trustees are I'esponsible foi" keeping adequalp accounting records that are SLJfficienl lo show and explain the Chai"ily's Il'ansaclions and disclose wilh reasonable a¢cui"acy al any lime the linancial position of the Charity and enable them lo ensure Ihal the financial slalemenls comply willi the Chai'ilies Act 2011. the Charity IAcGounls aiicl Reports) Regulations 2008 and Ilie provisions of Ilie Memorandiiim of Association. They al'e also responsible for safeguarding the assets of the Chai'ity and lience lor taking reasonable steps for the prevention and detection ol fi'aud and other irregularities. Page 6
LAWRENCE SHERIFF SCHOOL FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Dlsclosure of information to auditors Each ol the persons who are Trustees at the lime when this Trustees. reporl is approved has confirmed Ihal.. so far as that Trustee is aware, there is no relevant audit information of which the ¢harilVs audilors are unaware, and that TrLlStee ha¥ taken all the sleps Ihal ought to have been taken as a Trki8tee in order lo be aware of any relevant audit information and lo establish Ihal the charilvs audilors are aware ol that information. Auditors The audilors, Crowe U.K. LLP, have indicated their willingne%$ lo continue in office. The designated Trustees wll propose a rnolion reappointing the auditors al a meeting ol the Trustees. Approved by order of the members ol the board of Trustees and signed on their beh21f by.. Dale.. I I pttM6e£ ZCILr P¥ge 7
LAWRENCE SHERIFF SCHOOL FOUNDATION INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LAWRENCE SHERIFF SCHOOL FOUNDATION Opinion We have audited Ilie financial statements of Lawrence Sheriff School Foundation Ilhe 'charily'l for the year ended 31 August 2025 which comprise the Slalemenl of financial aclivilies, the Balance sheel, the Slalemenl of cash flows and the related notes, inclLiding a summary ol signi11rnI 2¢counling policies. The linanr.ial reporting Iriiinework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland, Iunited Kingdom Generally Accepted Accounting Praclirp.). The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities preparing their accnijnls in accordance with the Fin?ncial Reporting K)landards appliLdble in the UK and Republic ol Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Slalemenl of Recommended Practice issued on 1 April 2005 which is relerred lo in the exlanl regulations bul has been withdrawn. This has been done in order for the accounts lo provide a true and fair view in accordan with the Generally AcpIed Accounting Practice effective for reporting periods beginning on or after 1 January 2015. In our opinion the financial slalemenls.. give a true and fair view of the slate of the charilvs affairs as al 31 August 2025 and of ils incoming resources and application of resources for the year then ended., have been properly prepArp.d in accordance wilh Unil&d Kingdom G¢nerally AGGepleLI ALuuunllng Practice., and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordan with Inlern81ional Standards on Auditing IUKI IISAS {UKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial slalementf qp.r.linn of our report. Wo aro indcpcndcnt of the charity iii aciuiddiiLV with (he ethical reguiremenls that are relevant lo our audit of Iho financial slalemenls in the United Kingdom. includiiig the Financial Reporting Coun¢il'8 Elhi¢al Standard. and we have fulfilled our other ethical responsibilities in accordancg. with these reguiremenls. We beliove that thè audil evidence we have obtained is sufficient 2nd appropriate lo provide a basis for our opinion. Conclusions relating to going coneern In auditing the financial slalemenls. we have concludpd Iliat Ihe Trustees. us8 of the going concern basis of accoiinling in the preparation of the financial slalemenls is apprupriale. B25ed on the work we htsve performed, we have not identilied any mAterial uncertainties relating lo events or ndilions that, individu211y or collectively, may cast significant doubl on the charity's ability lo conliiiue as a going concern for a period of al least twelve months froin when Ihe financial slalements are aulhorised loi. issue. Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the relevant sections of this repori. Page 8
LAWRENCE SHERIFF SCHOOL FOUNDATION INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LAWRENCE SHERIFF SCHOOL FOUNDATION ICONTINUEDI Other information The other inlormalion comprises the information included in Ihe Annual report ollier Ilian the financial sialements and our Auditors. report Ihereon. The Truslees are responsible for the other inlormali()n contained within the Annual report. Our opinion on the financial slalemenls does not cover the other inlormalion and, except lo the exlenl otherwise explicilly slated in our report, we do not express any form ol assurance Gonclusioii thereon. Our responsibility is lo read the other information and, in doing so, consider whether the other inlormalion is malerially in¢onsisle.nt with the financial slalemenls or our knowledge obtained in the course ol the audit, or otherwise appears lo be materially misslaled. 11 we identify such malerial inconsistencies or apparent material misslalemenls, we are required lo determine whether this gives rise lo a material misslalemenl in the financial stalcment themselves. If, based on the work we have performed. we conGlude that there is a material misslalemenl ol this other informalion, we are required lo report Ihal fact. We have nothing lo report In this regard. Matters on which we are requlre(J to report by exception We have nothing lo report in respect of the following mallers where the Charities (Accounts and Reports) Regulations 2008 requircs us to r&port lo you if, in our opininn.. the information given in the Trustees, report is inconsistent in any material respect with the flnancial ¥tatemcnt-- or sufficient acoounling records have not been kept,. or the financial statements are not in agreement with the accounting records and returns., or we have not received all the Informatlon (iiid vxk)laiiations we require for our audit. Rogponslhilities of Truslees As explained more fully in the Trustees, responsibilities slalemenl, the Trustees are responsible for the preparatiuri ul ihe financial statement- which give a true and fair vip.w, 2nd for such internal control as the Trustees delermine is necessary lo enable the preparation of financial slalements that are free from material misslalemenl, whether due lo fraud or error. In preparing the financial stalemenls, the Trustees are responsible for assessing the charity's ability lo continue as a going concern. disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the Ti'uslees eilher intend lo liquidale Ihe charity or to cease operations, or have no realistic allernalive bul lo do so. Page 9
LAWRENCE SHERIFF SCHOOL FOUNDATION INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LAWRENCE SHERIFF SCHOOL FOUNDATION {CONTINUEDI Auditors. responsibilities for the audit of the financial statements We have been appoinled as auditor under section 144 of the Charilies Act 2011 and report in accordance with the Acl and relevant regulations made or having effecl thereunder. Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole 2re free from material misslalemenl, whellier due lo fraud or error, and lo issue an Auditors, report Ihal includes our opinion. Reasonable assurance is a high lgvel of assurance, bul is not a guarantee that an audil conduGled ii) accordance with ISAS IUKI will always delecl a maleri21 misslalemenl when il exists. Misslalemenls can arise from fraud or error and arè considered material if. individually or in the aggregate, they could reasonably be expected lo influence Ihp economic decisions of users taken on the basis of these financial blalemenls. Irregularities, including fraud, are instanS of non-compliance with laws and regu121ions. We design procedures in line wilh our responsibililies, outlined above, to delecl material mis8lalemenls in respect of irregularities, including Iraud. The exlenl lo which our procedures are capable ol delecling irregularities, including fraud is detailed below.. We oblainecl an understanding of the legal and regulatory frameworks within which the charitable foundation operates. focusing on those laws and regulations thal have a direct effect on the dgterminalion of material amovnls and disclosures in the financial slalemenls. The laws and regulations we considered in this context were the Charities Act 2011 together with the Charities SORP IFRS 1021. We assessed the required compliance with these laws and regulations as part of our audit procedures nn Ihp. rg.laled financial statoment ilcm- In addition, we considered provisions ol other laws and regulalions that do not have 8 direct effect on the rinancial slalemenls bul compliance with whir.h might bo fundamgnlal to thc charitable foundation's ability Iv operate or 10 avoid a materi21 penalty. We also considered the opportunilies and incentives th81 may exist within the charitable foundation for fraud. The key laws and regulations we considered in this context were General Data Protection Regulalinn. hp.alth and gafety10gislation and cmployee legi31ation. Auditing standards limit the required audit procedures lo identify non-compliance with Ihege laws and regulations to p.nqiiirp. nf tho Trusteeg and othor management and inspe¢tion of Iv¥uldlury and legal correspon(5ence, if any. We idenlilied the greatest risk of material impact on the financi21 slalemenls from irregularities, including fraud, to be the override of eonlrols by management. Our audil procedures lo respond lo these risks included enquiries of management and the Board 8bout their own idenlificatiun and assessment of the risks of irregularities, sample lesling on the posting of journals, reviewing accounting eslimales for biases, reviewing regulatory correspondence, and reading minutes of meetings of those charged with governance. OvAng lo the inherent liinilalions of an audit, there is an unavoidable risk that we may not have deleclttd some material misslalemenls in the financial slalemenls, even though we have properly planned and performed our audit in aGcoidaiiLe with auditing standards. For example, the further iemoved non-compliance with laws and regulalion5 lirregulariliesl is from the events and transactions ieflecled in the financial slalemenls, the less likely the inhei'enlly limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-deleclion ol irregularities, as these Inay involve collusion, forgery, intentional omissions, Inisi'epreseiilalions, or Ihe override ol internal conliols. We are not responsible for preventing noncompliance and cannot be expected lo delctscl non-complian with a1112ws xnd regulations. A furlhei. description of our responsibilities foi" the audit of the financial slalemonls is located on the Financial Reporting Counr.il's website at.. ww.frc.or .uklaLidilorsres Auditors. report. onsibililies. This description forms part ol our Page 10
LAWRENCE SHERIFF SCHOOL FOUNDATION INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LAWRENCE SHERIFF SCHOOL FOUNDATION ICONTINUEDI Use of our report This reporl is made solely lo the charily's Iruslees, as a body, in a¢cordanLV with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audil work has been undertaken so Ihal we might slate lo Ihe charitls Iruslees those mattèrs we are required lo slate lo them in an Audilors, reporl and for no other purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibilily lo anyone other Ilian the charily and ils Iruslees, as a body, for our audit work, for this reporl, or for the opinions we have fomied. Crowe U.K. LLP Slatulory Auditor Black Country House Rounds Green Road Oldbury Wesl fthidlands 869 2DG Dale.. 18 DÈc&mb&r 2025 Crowp I l K LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Page11
LAWRENCE SHERIFF SCHOOL FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 Unreslri¢ted Endowment funds funds 2025 2025 Total funds 2025 Total funds 2024 Note Income and endowments from.. Donalions and legacies Investments 623,337 4,789 623,337 4.789 625, 723 5,.?22 Total income and endowments Expenditure on.. Charitable activities 628,126 628,126 631,045 477,048 222,267 699,315 870,727 Total expenditure 477.048 222,267 699.315 870,727 Net incomellexpenditurel Transfers between funds 151,078 1139,1041 1222,2671 139.104 {71,1891 (239,682) Net rnovement in funds 11,974 {83,1631 171.1891 1239,682) Reconcillation of funds.. Total funds brought foiwar Nel movement in funds 673,217 11,974 8,211,702 183.1631 8,884,919 171,1891 9,124.601 1239,682) Total funds carried forward 685,191 8,128,539 8,813,730 8,884.919 The notes on pages 15 10 26 form part ol these financial slalemenls. Page 12
LAWRENCE SHERIFF SCHOOL FOUNDAI ION BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Note Fixed assets Tangible assets 9,630,063 9,852,330 9,630,063 9,852,330 Current assets Debtors Cash al bank and in hand 369,346 356.809 125, 723 584,208 726,155 709.931 Creditors.. amounts falling due within one year 1180,0681 (115.818) Net current assets 546,087 534,113 Total assets less current liabilities Credilorg. gmniinlq l%lling due after more than one year 10,176.150 10,386.443 10 {1,362,4201 (1,501,524) l otal net assets 8,813,79ft 8,884,919 Charlty funds Endowment funds Unreslricled funds 8,128,539 "8ts,191 8,211,702 G73,217 11 Total funds 8,813.730 8,884,979 The fin cial slal enls were approved and aulhoi'ised for issuè by the Trusteg.% and signed on their behalf by.. Dale.. The notes on pages 15 10 26 form part of these financial slalemenls. Page 13
LAWRENCE SHERIFF SCHOOL FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Note Cash flows from operating activities Nel cash provided by operating activities 13 2,581 140,917 Cash flows from investing activities Dividends, interests and rents receivable from inveslmenls 4,789 5,322 Net cash provided by investing aclivlties 4,789 5,322 Cash flows from financing activities Repayments of borrowing Interest paid 1139,1041 195,6651 (132,819) (84,434) Net cash used in financlng activities 1234,7691 {217,2531 Change in cash and cash equivalents in the year Cash 2nd rA8h p.oiiivalontg St the b?ginning of the ycar {227,399) 584,208 171,0141 655, 222 Cash and cash equivalents at the end of the year 14 356.809 584.208 The notes on pages 15 10 26 form part of these financial s181emenls Page 14
LAWRENCE SHERIFF SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 General informatlon The Lawrence Sheriff School Foundation is a charity. The Charity number is 528770. The nature of the Cliarily's operations and principal aclivily is a public bènefit ta advan the education ol boys Ihrough the provision of a sile for a school known as Lawren Sheriff School. Accounting policies 2.1 Basis of preparatlon of financial statements The financial slalemenls have been prepared in accordance with the Charities SORP IFRS 1021 Accounling and Reporting by Charilies., Slalement of RecO[nlended PraGIIGe applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffeclive fj January 20191, the Financial Reporling Slandard applicable in the UK and Republic of Ireland IFRS 1021 and Ihe Charities Act 2011. The financial slalemenls have been prepared lo give a 'lrue and fair. view and have deparled from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'lrue and fair, view. This departure has involved following the Charities SORP IFRS 1021 published in O¢tober 2019 rathèr than the Accounting and Reporting by Charities.. Slalement of Recommended Practi effective from 1 April 2005 which has since been withdrawn. Lawrence Sh¢riff School Foundation m¢Jol£ Ihp. dp.finilion of a public benefit enlily under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise staled in the relevant accounting policy. The Lawrence Sheriff School Foundation remains a separate enlily. I he Lawrence Sherill SLI iuol Foundation is includcd in the accounts of the Ar.2dp.my Trust by the method of branch accounling. The funds associaled with the Foundation are shown within separate and Clearly identifiable funds. This ensures that the legal position between the two entities is accurately rollecled, wnilsi givlng a trug illl(J Idil view of the financial Polti0n of the Academy TrLlgt 2.2 Charity status The Lawrence Sheriff School Foundation is a ch8rily. The Charily number is 528770. The nature of the Chari15ls operations and princip&l activity is a public benefit lo advance the education of boys through Ihe provision ol a 51le for a school known as Lawrence Sheriff Schuul. 2.3 Going concern After making appropriate enquiries. the Trust Board has a reasonable expectation that the Acadomy Trust has adeqLi3le. resources lo continue in operational existence for the foreseeable future and there are no malei.ial uncèrlainlies aboul Ihe Trust's ability lo conlinue as a going concern, thus they Continue lo adopt the going concern basis ol accounting in preparing the financial slalemenls. Page 15
LAWRENCE SHERIFF SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icontinuedl 2.4 Basis of accounting with the Lawrence Sheriff School Academy Trust As clelailed in accounting policy 2.1, the two enlilies of the Lawrence Sheriff School Foundation and the Lawrence Sheriff School Academy Trusl are under common control. Howevpr. the Lawrence Sheriff School Poundalion remains a sttparale enlily. The Lawrence Sheriff School Foundation is included in the acpniints of the Academy Trust by Ihc melhod of branch accounling. The funds associated with the Foundation are shown within separate and clearly identifiable funds. This ensures that the legal position between the two enlilies is accurately reflecled, whilst giving a true and 12ir view of the financial position of the Academy Trust. 2.5 Income All incoming resources are included in the Slalemenl of Financial Position {SoFAI once the Charity has legal enlillemenl lo the income, il is piobable that the income will be received and the amount of income receivable can be measured reliably. For legacies, enlillemenl is taken as when a distribution is reiVed from the eslale. For donations lo be recognised, the charity will have been nolilied ol the amounts and the selllemenl dale in writing. If there are 2ny conditions allached lo the donation and this requires a level of pcrformance before enlill¥iiieiil u(In be obtaine(J then Income is defee until these conditions are fully mel or the lullilmenl of those conditions is within the control of the charity and is probable that they will be fulfilled. The charity may receive government grants in respect of capital expenditure on the properties il owns. Income from such grants will be recognised al fair value when the charity has enlitlgm*nl aft&r any performance conditions have been mel. 11 is pi'obably that the income will be received and the amount can be measured reliably. If enlillemenl 15 not met, then these amounts 2re deferred. I he unreslricled fund includes the income from the Rugby School Estate, which is payable lo the Trustees of the Lawrence Sheriff School under the Rugby Lower School ITransferl Act 1906. 11 is payable lo Ihe Truslee of Lawrence Sheriff School And transferred lo the Trustees ol Lawren Sheriff School FoLJndalion. However, lo ensure complete Iranspaiency as to the amount of income, ils application lor the sole benefit if Lawrence Sheriff School and lo be consislenl with previous years il continues lo be disclosed as part (Jf income of Lawrence Sheriff School Foundation. It is I"ecognised on Ihe accruals basis. Page 16
LAWRENCE SHERIFF SCHOOL FOUNUATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policles Iconlinuedl 2.6 Expenditure Expendilure is recognised once there is a legal or conslruclive obligation lo transfer economic benefit lo a Ihird party, il is probable Ihal a transfer of economic benelils will be required in selllemenl and the amounl ol the obligalion can be measured reliably. Expenditure is clabbif1ed by activity. The costs of each activity are made up of the lolal of direct costs and shared costs, including suppori cosls involve.d in undertaking each aclivily. Direcl costs atlribulable lo a single aclivily are allocated directly lo that aclivily. Shared costs which contribute lo more Ihan one aclivily and support coslb which are nol allribulable lo a single activity are apportioned between those activities on a basis consislenl with the use of resources. CJpnlral slaff costs are allocaled on Ihe basis of lime spent. and depreciation charges allocated on the portion of the assel's use. Costs ol charitable activities are ¢osls ineurred in the Foundalion's charitable objects. This includes all expenditure funded by the Rugby Lower School ITransfÈrl Act 1906 inGome which is included in the accounts. Some of Ihe income is being used to pay capital and interest on bank loans taken out lo lund property improvements. Expenditure on raising funds includes all expenditure incurred by the Charity lo raise funds for ils charilable purposeb aiid includes costs of all fundraising activities events and non-charilable trading. 2.7 Interest recelvable Interesl on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity., this is normally upon nolif1calion of the inleresl paid or payable by the bank. 2.8 Tanglblè fixed assets and depreciatlon Tangible fixed assets are recognised al cosl, net ol deprecla11on and dlly PIOVlsion for impairment. After recognition, under the cosl model. tangible fixed assets are measured al cost less accumulated d.r)r?r.IAI10n and any accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into ils intended working condition should be included In Ihe measuremeni of Gobl. Deprècialion is not charged on freehold land. DepCIall0n is provided al rates calculaled to write off the cost of fixed assets, less their eslimaled residual value, over their expected useful lives, Depreciation is provided on the follnwino basis.. 15-50years Freehold buildings 2.9 Llabilities and provisions Liabililies are recogiiised when there is in obligation at the Balanp.p sheet dale as a result of a past event. il is probable that a transfer ol economic benefit will be required in selllemenl, and the amount of the selllemeril can be eslimaled reliably. Liabilities are recognised al the amounl th81 the Charity anlicipales il will pay lo sellle the debt or the amount il has received as advanced payments lor the goods or services il musl provide. Provisions are measured al the be51 estima18 of the amounts I"equired lo settle the obligation. Where the eflect of the lime value ol money is material, Ilie provision is based on the present value ol those amounts, discounled 81 the pre-tax discounl l'ate that relleets tho risks specific to Ihc liability. Th& unwinding of the discount is recognised within inleresl payable and siinilar charges. Page 17
LAVVFfENCE SHERIFF SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icontinuedl 2.10 Financial instruments Except for quole(J inveslmenls, the charity only has linancial assels and financial liabilities ol a kind Ihal qualify as basic finaiicial inslrumenls. Basi¢ finan¢ial instruments are inili211y recognispd al Iransactiuii value and subsequently measured al their selllemenl value. 2.11 Fund accounting Reslricled funds represent Ihose resources which may be used towards the meeting of the charitable objectives ol the Foundation al Ihe discretion of the Trustees. The permanent endowment fund represents the value of the property inclu(Jing additions less the oulslanding capital on loans used lo pay for addilions lo the properly. A transfer is made each year lo reflect the capital repayments made on the loans during the year. Income from donations and legacies Unrestricted funds 2025 Total funds 2025 Rugby Lowcr evchool donations 623,337 623,337 Unreslricled funds 2024 Total ruii(I 2024 Rugby Lower School donations 625, 725 625, 723 PagÈ 18
LAWRENCE SHERIFF SCHOOL FOUNUATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Expenditure oll charitable activities Unrestricted Endowment funds funds 2025 2025 Total funds 2025 92,453 10,000 278,930 95,665 92,453 10,000 278,930 95.665 222,267 Insurance Rugby Bid Levy School budget allowance Finance charges Depreciation 222,267 477,048 222,267 699,315 Unreslricled Endowm8nl fun(Is funds 2024 2024 Total funds 2024 Insurance Trugby Bid Lcvy School budget allowance FinAnr.p charges Depreciation 94.853 10,000 459.173 84,434 94.853 10,000 459,173 84.434 222,267 648,460 222,267 70, 727 Page 19
LAWRENCE SHERIFF SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Net incomellexpenditure) 2025 2024 Auditor's remuneration - slalulory audit Deprecialion of tangible fixed assets.. owned by the Charily 4,350 4,050 222,267 222,267 Trustees, remuneration and expenses During the year, no Truslees received any remuneration or olher benefits (2024 - £NIL). During the year ended 31 Augusl 2024. no Trustee expenses have been incurred (2024 - £NIL). Page 20
LAWRENCE SHERIFF SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Tangible fixed assets Freehold property Cost or valuation Al 1 September 2024 12,075,000 Al 31 August 2025 12,075,000 Depreciation Al 1 Seplember 2024 Charge for the year 2,222,670 222,267 Al 31 August 2025 2,444,937 Net book value At 31 August 2025 9,630,063 Al 37 Atigiist kul4 9,852,330 Included in land and builclings Includes freehold land al Vdluitliuii uf £l.J4J,000 12024 £1,545.0001 which is not depreciated. Tangible fixed a8sels with a nel book value of £9,061,50012024 - £9,265,000) have been pledged as security for liabilities of the charity. These a8sels have a reslricled lille. POr lo the adoption of FRS102 the freehold property was included al the 1914 valuation of £23,345 wlh all subsequent additions being slated al cost. On transition lo FRS10211 September 20141 thè freehold properly was revalued lo its estimaled fair value and this was taken lo be deemed cost. At transition dale. the freehold land and buildings were subject lo independent, professional valuation which was underiakp.11 by Towler Sh2w Roberts Chartered Surveyors. The main school complex was valued on a Deprecialed Replament Cost Basis and the sports field was valued on an exisling use basis. Page 21
LAWRENCE SHERIFF SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Debtors 2025 2024 Due within one year Accrued inconie fruiri Rugby Lower School 369,346 125, 723 369,346 125, 723 Creditors.. Amounts falling due within one year 2025 2024 Bank loans Amounts owed lo L8wrence Sheriff School Academy Trust Accruals and dèferred income 139,104 321 40,643 739, 704 321 36,393 180,068 175,818 10. Creditorts.. AJiiouii(> l<illiRg due after more than one year 2025 Bank loans 1.362.420 1.501..5?4 Included within the above are amounts falling due as follows.. Between two and five years Bank loaiis 576,688 576,688 Over fivè years BAnk loans 785,732 924,836 The company has two bank loans included within borrowings. £1 millioii loan with a floating interest rate linked lo GBP LIBOR IBBA basis), capped al 5.50°/o per annum and a £2 million loan with a fixed interest late ul 6.25°/o per annum. Both loans have a final malurily dale of 28 September 2033. The term loan is secured on the land 2nd buildings of the endowment ILJI)d.. Page 22
LAWRENCE SHERIFF SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Statement of funds Statement of funds current year Balance at 1 September 2024 Balance al 31 Augusl ?o?.fj Transfers inlout Income Expenditure Unrestricted funds General Funds- all funds 673,217 628,126 1477,0481 1139,1041 685.191 Endowment funds Endowmenl Funds - all funds 8,211,702 1222,2671 139,104 8.128,539 Total of funds 8,884,919 628,126 1699,3151 8.813,730 The specilic purposes for which funds are lo be applied are as follows.. 00 al th9 discretion ol thg. Triiqt?.g.q for the furtherance of the U(Ii¥stl"IGted funds artt available for u. Charity's objects. Restrlcie(J fundb rvpieb¥i"Its a pi"iz¢ fund Ihal 18 held for thc provision of prizes. The Endowment fund represents freehold land and buildings Ihal are permanonlly endowed. They can be used for educat10nal purposes at the distyieliui i uf tlie Trustees. There 18 aloo a morlgaga atlaeh@d to Ih@ assets which has been shown wilhin endowment funds. Page 23
LAWRENCE SHERIFF SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S Statement of funds {continuedl Statement of funds prior year Balance al I September 2023 Balance al 31 Augusl 2024 Transfers in/oul InGoine Expendilure Unrestricted funds General Funds - all funds 841,194 631,045 {648,460) (150,562) 673,217 Endowment funds Endowment Funds - all funds 8,283,407 (222,267) 150,562 8,211, 702 Total of fui)ds 9, 124.601 631,045 (870, 721) 8,884,919 12. Analysis of nel assets between funds Analy51s of net assets between funds - current year Unrestricted Endowmènt funds funds 2025 2025 Total funds 2025 Tangible fixed assets Current Assets Creditors due within one year Creditors due in more than one year 9.630,063 9,630,063 726,155 1139,1041 1180,0681 11,362,420) 11,362,420) 726,155 140,9641 Total 685,191 8.128,53Q 8,813.730 Page 24
LAWRENCE SHERIFF SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysis of net assèts between funds Icontinuedl Analysis of net assets between funds prior year Unreslricled Endowment funds funds 2024 2024 Tolal funds 2024 Tangible fixed assets Curyenl assets Credilors due within one year Creditors due in more than one year g,852,330 9,852,330 709,931 (139, 104) (175,818) (7,501,524) (1,501,524) 709,937 (36, 714) 673,217 8,211,702 8.884,919 Total 13. Reconciliation of net movement in funds to net cash flow from operating activities 2025 2024 Nel expenditure for the year las per Slalemenl of Financial Acliviliesl 171,1891 (239,682) Adjustment5 for.. Depreclatioii tslicllgeb Inleresl receivable DeCreaellinrea8Qj in d8btors Increase in creditors Interest payable 222.267 14,7891 1243,6231 4,250 95,665 ???.?67 (5,322) 79,020 200 84,434 Net cash provided by operating activities 2,581 140.917 14. Analysis of cash and cash equivalents 2025 2024 Cash in hand 356,809 584,208 Total cash and cash equivalents 356,809 584,208 Page 25
LAWRENCE SHERIFF SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 15. Analysis of changes in nel debt At1 September 2024 Cash flows Other non- cash At31 changes August 2025 Cash al bank and in h8nd Debt due withiri 1 year Debt due afler 1 year 584,208 1139,1041 11,501,524) 1227,3991 139,104 356,809 1139,104} (139,1041 139,104 {1,362,4201 11,056.4201 188,2951 11.144,7151 16. Controlling party The Charity is controlled by the Governing Body of Lawrence Sheriff School Academy Trust - all of whom are all of the Trustees of the Charity. During the year, the Lawrence Sheriff School Foundation paid various recharges lolalling £381,38312024 £564.02611o Lawrencp qhpriff qrhool Academy Trust. Tho expcnditurc 13 aGGounted foi" witliiii Cublb ul Charitable aclivilies. Al thp. ypjr-end f321 was owod to Lawrcn¢c Sheriff O L8wrence Sheriff School Academy Trusll. chool AGadei7iy Tiu1 12024.. £321 owed 10 Page 26