LANCING COLLEGE PREPARATORY SCHOOL AT WORTHING LIMITED
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £28,469 for the year ended 31 August 2025, resulting in unrestricted reserves falling to a deficit of £2,136,322. The trustees attribute this deficit to a 5% fee reduction and the loss of charitable rates relief, noting that the school is fully supported by its parent company, Lancing College Limited, which has confirmed it will not withdraw inter-company loans while the school returns to surplus.
What the accounts disclose
“It is the school's policy to utilise funds to ensure that high quality up-to-date facilities are provided for the benefit of pupils. The medium-term aim is to budget so as to provide sufficient working capital to meet the present needs and future development requirements of the school without the requirement to have recourse to sales of tangible fixed assets.” — page 14
“The parent company and controlling party is Lancing College, a company registered in England and Wales and limited by shares. Control is exercised by the parent by virtue of owning 100% of the share capital of Lancing College Preparatory School at Worthing.” — page 37
Structured financials (annual return, FY ending 31/08/2025)
Register events
- Received assets from another charity (12/03/2024)
- Received assets from another charity (13/02/2024)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £2.5m | £2.5m |
| 31/08/2024 | £2.6m | £2.3m |
| 31/08/2023 | £2.1m | £2.3m |
| 31/08/2022 | £1.9m | £2.0m |
| 31/08/2021 | £1.6m | £1.8m |
Common questions
Is LANCING COLLEGE PREPARATORY SCHOOL AT WORTHING LIMITED financially healthy?
The accounts state that the charity reported a net deficit of £28,469 for the year ended 31 August 2025, resulting in unrestricted reserves falling to a deficit of £2,136,322. The trustees attribute this deficit to a 5% fee reduction and the loss of charitable rates relief, noting that the school is fully supported by its parent company, Lancing College Limited, which has confirmed it will not withdraw inter-company loans while the school returns to surplus. Its FY2025 accounts were audited by Moore Kingston Smith LLP.