| Page | |
|---|---|
| Reference and administrative details ofthe | 1 |
| Charity, its trustees and advisers | |
| Trustees report | 2 to 12 |
| Report of the Independent Auditor | 13 to 16 |
| Statement of Financial Activities | 17 |
| Balance Sheet | 18 |
| Cash Flow Statement | 19 |
| Notes to the Financial Statements | 20 to 31 |
20th May 2022
| 2021 | 2020 | |||
|---|---|---|---|---|
| Total | Total | |||
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| Note | £ | £ | ||
| INCOME FROM: | ||||
| Charitable activities | ||||
| School fees | 2 | 3,936,148 | 4,079,207 | |
| Investment income | 3 | 14,201 | 22,713 | |
| Otherincome | 4 | 478,244 | 491188 | |
| Total incoming resources | 4,428,593 | 4,593108 | ||
| EXPENDITURE ON: | ||||
| Charitable activities | ||||
| Education | 5 | 4,739,324 | 4543,322 | |
| Total expenditure | 4,739,324 | 4,543,322 | ||
| NET (OUTGOING)/INCOMING | (310,731) | 49,786 | ||
| RESOURCES BEFORE | ||||
| GAINS AND LOSSES ON INVESTMENTS | ||||
| Net gains? (losses) on investments | 11 | 85,714 | (33,263) | |
| NET MOVEMENT IN FUNDS | (225,017) | 16.523 | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 3,826,252 | 3,809,729 | ||
| TOTAL FUNDS CARRIED FORWARD |
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| FIXED ASSETS Tangibie assets |
10 | 2,937,251 | 2701,291 |
| Fixed asset investments | II | 748,824 | 649,427 |
| 3,686,075 | 3,350,718 | ||
| CURRENT ASSETS | |||
| Debtors Cash at bank and in hand |
12 | 119,935 698,705 |
126,948 887,316 |
| 818,640 | 1,014,264 | ||
| CREDITORS Amounts falhng due within one year |
13 | (903,480) | (538,730) |
| NET CURRENT (LIABILITIES)/ASSETS | (84,840) | 475,534 | |
| NET ASSETS | |||
| TOTAL UNRESTRICTED FUNDS | 17 |
| ees re | ceivable consist of: | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Gross | Fees | 4,586,475 | 4,649,039 |
| Less: | bursaries. grants and allowances | (650,327) | (569.832) |
| Total | School fees | 3.936.148 | 44079207 |
| INVESTMENT INCOME | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Investment income | 13,683 | 18,552 |
| Bank interest receivable | 518 | 4,161 |
| 14,201 | 22,713 | |
| OTHER INCOME | ||
| 2021 | 2020 | |
| £ | £ | |
| Extra-curricular activities | 100,081 | 29,038 |
| Donations | 13,850 | 12,980 |
| Grant income | 253,005 | 328,056 |
| Lettings & Hire income Trip Income |
11,281 27 |
10,506 110,608 |
| Covid 19 Insurance Claim | 100,000 | |
| 478.244 | 491.188 |
| ANALYSIS | OF EXPE | NDITURE | ||||
|---|---|---|---|---|---|---|
| StaffCosts | Depreciation | Other costs | Total | Total | ||
| 2021 | 2020 | |||||
| Charitable | £ | £ | £ | £ | £ | |
| expenditure Education |
3,299,555 | 363,872 | 1,016,989 | 4,680,416 | 4,485,520 | |
| Governance | costs | - | 58,908 | 58,908 | 57,802 | |
| 3,299,555 | 363,872 | 1,075,897 | 4,739,324 | 4543,322 |
| 6. | GOVERNANCE COSTS | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Auditors’ remuneration | 11,870 | 14,980 | |
| Professional fees | 47,038 | 42,822 | |
| 58,908 | 57,802 | ||
| 7. | NET (OUTGOING)/INCOMING RESOURCES | ||
| Net (outgoing)/incoming resources are stated after charging: | |||
| 2021 | 2020 | ||
| £ | £ | ||
| I-lire of equipment Depreciation - owned assets |
48,291 363,872 |
43.008 298,102 |
|
| 8. | AUDITORS REMUNERATION | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Fees payable for the audit ofthe annual accounts Fees payable in respect of Teachers Pension Scheme All other non-audit services not included above |
9,900 860 1,110 |
9,700 850 1,025 |
LADY BARN HOUSE SCHOOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
9. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 2021 | 2020 | |
| Wages and salaries | 2,581,838 | 2,487,385 |
| Social security costs | 261,719 | 201,184 |
| Other pension costs | 455,998 | 452,569 |
| 3,299,555 | 3,141,138 | |
| Aggregate employee benefits of key management personnel | 690,2j0 | 635 865 |
| The average monthly number of employees during the year was as follows: | ||
| 2021 | 2020 | |
| Teaching and administration | 106 | 95 |
| The number of higher paid employees in bands of: | ||
| 2021 | 2020 | |
| £60,000 to £70,000 | 1 | |
| £80,000 to £90,000 | ||
| £90,000 to £100,000 | 1 |
During the year no trustees received any remuneration (2020: £nil). During the year no trustees received any benefits in kind (2020: £nil). During the year no trustees received any reimbursement of expenses (2020: £nil).
Page 25
| TANGIBLE FIXED ASSE | TS | |||
|---|---|---|---|---|
| Freehold | Fixtures and Fittings | Cornputer | ||
| Property | £ | Equipment | Totals | |
| £ | £ | £ | ||
| COST | ||||
| At 1 September 2020 Additions |
3,749,100 | 1,005,234 542,931 |
339,886 56,902 |
5,094,220 599,833 |
| Disposals | (1,915) | (10,158) | (12,073) | |
| At 31 August 2021 | 3,749,100 | 1,546,250 | 386,630 | 5,681,980 |
| DEPRECIATION | ||||
| At 1 September 2020 Charge forthe year |
1,957,882 91,939 |
296,341 161,133 |
138,707 110,800 |
2,392,930 363,872 |
| Disposals | - | (1,915) | (10,158) | (12,073) |
| At 31 August 2021 | 2,049,821 | 455,559 | 239,349 | 2,744,729 |
| NET BOOKVALUE | ||||
| At 31 August 2021 | 1,699,279 | 1,090,691 | 147,281 | 2,937,251 |
| At 31 August 2020 | 1,791,218 | 708,894 | 201,179 | 2,701,291 |
| FIXED ASSET INVESTMENTS | |||
|---|---|---|---|
| Unrestricted | Total | Totat | |
| Funds | 2021 | 2020 | |
| £ | £ | £ | |
| Market Value @ 1 September 2020 Additions |
649,427 13,733 |
649,427 13,733 |
664,138 18,632 |
| Disposals Revaluations |
85,714 (50) |
85,714 (50) |
(80) |
| Market Value 31 August 2021 |
748,824 | 748,824 | 649,427 |
| Listed on UK Stock exchange | 748,269 | 748,269 | 648,951 |
| (Historical cost £598,033) Cash deposits |
555 748,824 |
555 748,824 |
476 649,427 |
| 12. | DEBTORS | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Trade debtors | 53,260 | 27368 | |
| Other debtors | 13,068 | 5,871 | |
| Prepaynients and accrued income | 53,607 | 93,709 | |
| 119,935 | 126,948 | ||
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Trade creditors | 108 | 74,220 | |
| Social security and other taxes | 59,163 | 59,890 | |
| Other creditors | 282,448 | 225,427 | |
| Accruals and deferred income | 561,761 | 179,193 | |
| 903,480 | 538,730 | ||
| Deferred income | |||
| £ | |||
| Deferred income at 1 September2020 | 27,117 | ||
| Resources deferred during the year Amounts released from previous years |
107,312 (27,117) |
||
| Deferred income at 31 August 2021 | 107,312 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Less than one year Between two and five years |
87,588 72,990 |
127,012 160,578 |
| j8 | 287.590 |
| ment offunds | |||||
|---|---|---|---|---|---|
| At 1 | At 31 | ||||
| September | Incoming | Resources | Gains on | August | |
| 2020 | resources | expended | investments | 2021 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General fund | 3,826,252 | 4,428,593 | (4,739,324) | 85,714 | 3,601,235 |
| Total funds | 3,826,252 | 4,428593 | (4,739,324) | 85,714 | 3,601,235 |
| Ati | At31 | ||||
| September | Incoming | Resources | Losses on | August | |
| 2019 | resources | expended | investments | 2020 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General fund | 3,809,729 | 4,593,108 | (4,543,322) | (33,263) | 3,826,252 |
| Total funds | 3,809,729 | 4,593,108 | (4,543,322) | (33,263) | 3626,252 |
| sis of net a | ssets betwe | en funds — current |
year | ||
|---|---|---|---|---|---|
| Fixed assets | Net current | Long term | Total | ||
| liabilities | liabilities | 2021 | |||
| £ | £ | £ | £ | ||
| Unrestricted | funds | 3,686,075 | (84,840) | 3,601,235 |
| sis of net a | ssets betwe | en funds — prior ye |
ar | ||
|---|---|---|---|---|---|
| Fixed assets | Net current | Long term | Total | ||
| assets | liabilities | 2020 | |||
| £ | £ | £ | £ | ||
| Unrestricted | funds | 3,350,718 | 475,534 | - | 3,826,252 |
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Financial | assets measured at amortised cost (a) | 813,640 | 1,014,264 |
| Financial | assets measured at fair value (b) | 748,824 | 649,427 |
| Financial | liabilities measured at amortised cost (c) | 788,757 | 478,840 |
| RECONCILIATION OF NET(OUTGOING)/INCOMING RES OPERATING ACTIVITIES |
OURCES TO NET CASH I | NFLOW FRO |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Net (outgoing)! incoming resources Depreciation charges (Gains) flosses on investments Dividends, interest and rents from investments |
(225,017) 363,872 (85,714) (14,201) |
16,523 298,102 33,283 (22,713) |
| Decrease! (Increase) in debtors Increase in creditors |
7,013 364,750 |
(69,534) 62,706 |
| Net cash inflow from operating activities | 410,704 | 318,347 |
| ANALYSIS OF CASH AND CASH EQUIVALENTS | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Cash in hand | 698,705 | 887,316 |
| Overdraft facility repayable on demand | ||
| 698,705 | 887,316 |
| 22. | RECONCILIATION OF NET DEBT | |||
|---|---|---|---|---|
| At 1 September | At 31 August | |||
| 2020 | Cashflow | 2021 | ||
| £ | £ | £ | ||
| Cash in hand, at bank | 887,316 | (188,611) | 698,705 | |
| Bank overdraft | ||||
| Total | 887,316 | (188,611) | 698,705 |