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|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|
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20th May 2022
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||||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|||
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|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|
##
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|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
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|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|
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|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|
##
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|||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|