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2022-08-31-accounts

REGISTERED COMPANY NUMBER: 02986515 (England and Wales) REGISTERED CHARtrf NUMBER." 1042587 LADY BARN HOUSE SCHOOL LIMtfED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

LADY BARN HOUSE SCHOOL LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Page Referenc8 and administrative details of the Charity, ils trustees and advisers Trustees, report 210 12 Report of the Independent Auditor 13to16 Statement of Financial Activities 17 Balance Sheet 18 Cash Flow Statement 19 Notes lo the Financial Statements 20to31

LADY BARN HOUSE SCHOOL LIMrrED REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2022 Trustees R Doidge. Chair J Berry J Flynn RHart F Kabbani J Poole C Maxwell C Mayo (Appointed 18 March 20221 O Aziz (Appointed 27 June 20221 B A Murray (Resigned 27 November 20211 P J Ward (Resigned 7 September 20221 H C(x)per (Resigned 25 October 20221 Company registered nurnbgr 02986515 Charity registered number 1042587 Règistered office Schools Hill Cheadle Cheshire SK8 1JE Company secretary Awebb Chair R Doidge Ind9Pgndent auditors Crowe U.K. LLP Chartered Accounts Slalutory Audilors The Lexicon Mount Street Manchester M2 5NT Bankers Royal Bank of Scotland 97 Fishergale Preston PR1 2DP 21Page

LADY BARN HOUSE SCHOOL LIMrrED TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2022 The Trustees (who 8re also directors of the charity for the purposes of the Companies Act) present their annual report together with the audited financial statements of the company Lady Barn House School Limitèd (the company) for the year ended 31 August 2022. The Trustees confirm that the Annual Report and financial slalemenls of the cornpany comply with the current slatulory requirements of the company s governing document and the provisions of the Slalement of Recommended Practice ISORPI, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicablè in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019). Objectives and Activlties strategic aims and objectivès In setting objectives, the Trustees have given due consideration to general guidance published by the charity commission relating lo public benefit and in particular lo ils supplementary public benefit guidance. The principal objectives of the company are., a. to establish and maintain a school at Cheadle, Stockport for the academic and physical education of young persons of both sexes b. to instruct the staff of such school and other persons lo qualify them lo promote the aforesaid purposes to promote any other charitable purposes of an educational nature. Within the above objectives it is the aim of the school lo develop every child to hislher maximum potential in as many areas a5 possible. The main objective is lo enable all children lo reach the secondary school which is most appropriate for them to continue the foundation work done at Lady Bam during their primary phase of education. strategies for achlevlng obje¢tives Develop each child's academic and non-academic talents, through providing high quality support and a broad curriculum and a wide Tange of extra-curricular opportunities Prepare pupils for success in the 11+ entry exams Develop each pupil's self-confidence so they can 'be themselves. but their best selve Promote personal and moral qual¢ties, including being respectful, collaborative, creative, delemiined and positive Encourage risk-laking in a supportive, motivational and caring environment, where no one ss afraid of making mistakes Give pupils opportunities to lead and lo work COvoper8tively Embrace new technologies and pedagogical practices, whilst continuing to deliver traditional foundations for learning and investigating Continue to recruit and retain high quality teaching and support staff Enable children from lower income, or otherwise disadvantaged families, to attend the school by means of bursary awards Maintain a competitive edge and value for money in the local independent school marketplace 31Page

LADY BARN HOUSE SCHOOL LIMrrED TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2022 Activities for a¢hSeving objectives Broad curriculum offered lo all pupils with specialist teaching in music, science, physical education, art, drama, computing, Mandarin. French and Spanish Planned expansion of EYFS provision with an additional nursery class from Autumn 2022 Bespoke learning & revision programmes for individuals and groups in preparation for 11 + entrance examinations Wide range of extra-curricular activities offered including- Various Sports. Construction Club, School Orchestra, Cookery Club, Judo, Archery, Yoga. Chess, Dance, Drama All children have access to an ipad. From Year 1, pupils have their own ipad for learning in and out of school Research Award and Challenge Programme to extend pupils, learning skills, knowledge and understanding AGT workshops for children from all over the northwest of England Multiple sports fixtures (including whole year group) against local schools as well as inler-house competitions Outdoor and adventurous residential visits for Years 2 to 6 Sporting tours, overseas visits, residential visits for older pupils Family focused trip5 parent and child weekends, ski trips Extensive leadership opportunities and pupil voice for all children Fundraising for local, national and international charities including The Together Trust in Cheadle, Urban Outreach in Bolton, Macmillan and Children in Need Thorough recruitment procgdures lo appoint and retain high calibre staff Ongoing improvements lo the site technology infraslruclure Ongoing professional development programme for individual staff, departments and the whole staff body Continuous monitoring of staff perfomiance by means of lesson observations, data analysis and work monitoring Review of Bursary Policy lo broaden access and increase take-up lo maximum levels lequivalenl of 10 full bursaries) Maintain close financial control so that fees can remain affordable whilst maintaining the high quality of the education on offer Development of an alumni and development office to facilitate engagement with alumni and plan celebrations for our 150th year Structure, governance and management Constitutlon The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 31 October 1994. 41P3ge

LADY BARN HOUSE SCHOOL LIM￿ED TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2022 The company is constituted under a Memordndum of Association dated 31 October 1994 and is a registered charity number 1042587. It was registered as a charity on 6 December 1994. The address of the office and principal place of operations is Schools Hill, Cheadle, Stockport, SK8 1JE. The headmistress, Ms Louise Higson took up post from 1d September 2021. Method of appointment or election of Trustees The management of the company is the responsibility of the Trustees who are elected and co-oplgd under the terms of the Articles of Association. Trustees are invited lo join the board on the basis of their expertise and general experience. Gaps in skills of the board are identified via a regular skills audit and potential governors identified accordingly. Potential Trustees are interviewed by the Chair of Governors as well as members of the SLT prior lo introduction lo the lull board and appoinlrnent. If deemed suitable. a Trustee is elected as a Trusl8elDireclor al the regular termly meeting. Mr Ron Doidge, is the current Chair of Governors. Policies adopted for the induction and training of Trustees On joining the board new Trustees are provided with sufficient background information documents to enable them to discharge their duty and are offered the opportunity of gaining detailed knowledge of their chosen sector from within the body of expertise available al the school. Individual trustees are designated to oversee sectors of the school activities such as health and safely, curriculum, finance and safeguarding. The Trustees delegate day-to4ay operations of the school to Ihg Senior Leadership Team. Trustees are encouraged to attend training sessions run in-house, online and externally. Support is provided by the ISBA and AGBIS. A full review of governance and committees was undertaken in Autumn 2022. Organi5ational structure and decision making The Trustees determine the general Policy of the school and the principles upon which il operates. They set fees and salaries and approve development plans as well as inputting to and reviewing the strategic plans for the school. Related party relationships Historically the school has occupied propety and premises owned by Lady Barn Properties Limited, which was a registered charity and wholly owned subsidiary of Lady Barn House School Limited. Both companies wgre controlled by the same Trustees. The school has historically made charitable donations to this company to enable il tD improve and extend the premises occupied by thè school. On 21 May 2014 the assets of Lady Bam Properties Limited were transferred lo the school. Lady Barn Properties Limited has ceased trading and has been struck off the register at Companies House. The school has no other relationships with any other parties and the Charity relies on its own resources. Risk managgment The Trusle8s have assessed the major risks to which the comparsy is exposed. these are logged on the School's Risk Register. The Risk Register is reviewed annually by the full board and termly by each committee. The trustees work with the SLT and the Head to ensure that systems and procedures are in place lo miligale exposu￿ to the major risks. 51P3ge

LADY BARN HOUSE SCHOOL LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2022 Achievements and performance Academic The School's excellent reputation for academic performance was maintained again this year. In November 2021 the School achieved a grade of excellent from ISI across all areas. We pride ourselves on being able lo prepare pupils for a full range of schools, independent and stale. The extensive experience of our staff is drawn upon to match each pupil with the School that best suits their individual personality, strengths and interests, and enables each child to maximise their academic potential. Pupils in Year 6 achieved excellent results in entrance exams for schools with very high entry standards, including the Strefford and Allrincham Grammar schools, Manchester Grammar School, Withinglon Girls School and Manchester High School for Girls. These results sil alongside exTrllenl pass rates into Cheadle Hulme School, Stockport Grammar School, King's Macclesfield and Alderley Edge School for Girls. A number of children also move by choice on lo local state secondary schools and academies. Pupils were also awarded a number of Scholarships, including Academic, Art, Drama, Music and Sport. Grant-maklng and access-widening In recent years the trustees have maintained their commitment to developing the school's bursary scheme. We are in line with our 5-year plan lo support the equivalent of 10 full time equivalent places al th8 school, in doing so extending our educational offer and facilities to a wider group of children. The Iruslees are mindful of the long-standing need to provide public benefit and of the requirements of the Charities Act 2011 and, in selling the School aims and objectives and planning the School's aclivilies, the trustees have given careful consideration to the Charity Commission's guidance on public benefit. During Covid many activities were paused but normal operations have now been resumed across the school. Able, Gifted and Talented Days have been provided under the auspi¢es of the North West Gifted and Talented Organisation. Pupils from local maintained and independent schools normally visit Lady Barn and enjoy learning new skills and techniques. Lady Barn has also set up an informal partnership wlh a stale primary school in a socially deprived area Df Wythenshawe. The refurbished astro pitches have enabled us lo host tournaments for slate primary schools. Our facilities are hired on a regular basis lo local football coach ng providers lo widen access lo facilities for U12s. The school is interested in, and active within, the local community in Cheadle and takes part in local events as well as being represented al the local community forum. Sport Physical Education The year saw a very welcome return to 811 sports with a full schedule of fixtures and tours for the department, Inler-house matches were also re-introduced. All our Junior pupils are fully 8ngaged in our Enrichment programme which complements the Games curriculum. offering a ￿0-leSSon window of a contrasting sport of their choice. We continue to offer a range of opportunities, ineorporating whole year group fixtures for boys and girls, competitive fixtures, cups, competitions, friendly fixtures, festivals and internal games. Our Infant children have the opportunity for class comp81ilions. Engagement levels in our Late Games programm8 for Year 1 to Year 6 w8re strong in Ihg year, enabling pupils lo access a rich and varied progmmme of sporting opportunities. 61Page

LADY BARN HOUSE SCHOOL LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2022 Highlights of the yèar: One of our pupils qualified for the ISA swimming nationals at the Aquatics Centre., representing the North Region in the squadron relay team. A group of Year 6 boys enjoyed a football themed trip to York. both watching and participating in matches locally. U11 excelled in Hockey, perfoming well al local toumamenls U11 Mixed Basketball participated in ISA North Champions. Netball was strong with participation in a range of competitions and medals for the teams as well as an organised tOLJr which our team won. Rounders and netball were both selective and inclusive for Year 3 to 6 girls throughout the year. Perfomiance in cross-counlry was very strong in the Stockport Schools. Lèague. Our Year 3 & 4 girls teams secured 1st and 2nd place. A number of LBHS pupils achieved individual performance medals for their achievements throughout the season. Strong regional and national performances followed the local success of the squad. The return of our Junior House Swimming Galas with four dates in place for Years 3-6. A range of selectedlwhole year group cricket fixtures have been outstanding experiences of cricket development, nurturing a love of the game and encouraging pupils lo play exlemally for junior clubs and participate in a cricket lour Introduction of friendly girls. cricket rtxturgs for Year 4, 5 and 6 Year 3 10 6 Girls Alhlelics friendly against MHSG., competing in 60m sprint, rounders ball throw, speed bounce, stsnding long jump and ￿laYS. Introduction of a Year 6 mixed tennis tDurnarnent at MGS Rounder5 lour for girls New Junior Sports Day event, took place al Longford Park Stadium, Slretford Early Years and Infant Sports Day on sile Infant and Junior Sports Awards Assemblies, Year 6 Sporting Record of Achievements. Pupils competed for the Junior Sports Day and the overall winners of the House Sports Cup Future Developments These are new initiatives which the PE Department are implementing for 202212023- The implementation and Promotion of the Lady Barn Sporting Culture. The sporting culture aims to outline our expectations of the pupils and what our pupils represent when we participate in sport. The PE Department have generated a library of coaching clips and videos for our pupils, lo enhance their learning outside of school. We have a range of sports and activities that children can access on Stream. We will be working with our IT Department to allow OUT Junior pupils access to this library. We will continue to monitor the quality of our after Late Games provision from external clubs. We have Stockport County FC Community Foundation, Kingsway Power Netball and Cheshire Albion FC in place from Tuesday lo Friday from 5pm. The PE Department and the SCFC Foundation are planning for festivals lo inspire opportunities in sport and ID invite local primary schools lo participate in sport al Lady Barn. We will be working together to explore a range of sports IhroughDUt an academic year in which our pupils can play against other schools using our fantastic facilities. This is an opportunity which will benefit the school in so many ways and one we would like lo launch this year. 71Pago

LADY BARN HOUSE SCHOOL LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2022 Gymnastics Gymnastics remains popular across the school with opportunities for pupils from Year 2 to Year 6 10 participate. We have also been able to offer taster sessions for pupils at lunchtime. Our Yèar 4, 5 and 6 pupils have dominated the competition GI￿Ult throughout the year, winning in the U9 and U11 categories at the ISA national championships. Muslcal Hlghlights The Music Department was back in full swing by Autumn 2021. In the classroom, Ihe younger children were preparing their Nativity performances and the Juniors enjoyed learning to play the keyboards. Our 8 peripalelic music teachers had over 120 child￿n having individual lessons in school every week. To support their work and provide performance opportunities for all the musicians, the Junior Department had Class Concerts where they could perfom) on their inslrumenl. Following this we held a Recitsl in November for the parents of perforrners in Years 5 and 6. Choirs resumed in school, with five public performances, culminating in the return of the Carol SeNice at Sl Mary's in Cheadle. Many children participated in the Music Theatre clubs, culminating in short Christmas perfom)ances for the parents al the end of the term. Ensembles thrived and working towards performances. it was delighfful lo hear music around the school again. Upon returning in January, Year 6 had auditions for their production of'Poppins' and began their rehearsals in earnest. The children in Years 3 - 5 all performed again in their Class Concerts during their music lesson and over 35 children had the chance lo perform in their first Recital for parents in March. They were also jolned by the Guitar Ensemble and the Year 3 and Year 4 Recorder Group. In Mugic Theatre. the two groups prepared for performances of 'Annie' and 'The Wizard of Oz,, and these took place in March just before our Year 6 pmduction of 'Poppins'. The Summer Tem began with a day of ABRSM Music exams. The children gained some fantastic results. For some il was the first face-to-face music exam they had taken in two years. The Spring Concert in May involved around 100 children and all the choirs and ensembles performed, including our piano trio. The peripatetic staff organised opportunities for pupils to perform outside of school. At the Drum Night, our Year 5 and 6 drummers were invited lo play with the band. It was a fantastic opportunity for the children to perform in a "real-life. context. A concert on a Sunday afternoon was hèld for violinists and singers. This took place at Sl Paul's Church in Healon Moor and il was a lovely occasion for some of our soloists to lake part in. At the end of the Summer Term we held our Year 6 Recital. This was a little different from usual as we turned the Hall into more of a cabaret venue with fabulous canapes, fizz and decorations befitting such an event. The evening was a huge success. We had some fantastic solo and ensemble perfomiances and it was a great way lo send our Year 6 musicians off in style. Our Director of Music took part in some volunteer outreach work with the Victorious Academies Trust during the holidays. This involved 3 days of singing workshops with over 40 children which culminated in a short performance at the Bridgewaler Hall. 81Pag8

LADY BARN HOUSE SCHOOL LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2022 Drama Departmenl 11 was a busy year in the Drama Department with the launch of the Speech and Performance groups. These groups look LAMDA exams and took part in two recitals and the Alderley Edge Festival. There were over 25 children who look part and gained commendations and awards. The EYFS and Infant children continued the tradition of performing four Christmas shows over the various year groups and all Year 6 childrèn took part in the musical Poppins, their final flourish at Lady Bam. As the profile of Drama grows there are further developments planned for the department. Gifted and Talented Programme The GT provision has continued to run smoothly over the course of the year, with many of the ongoing strategies continuing for another year. The Enrichment Progranime, lo support work in the classroom, has been an excellent way to extend learning and offer additional learning opportunities for the children who wish lo complete them. Looking ahead to 2022123, we plan to update the Enrichment Menus to align with any changes to curriculum subject areas, and to ensure the activities are fresh and exciting for the children. This year we introduced a guided Research Project for the Lower Junior children. This took the form Df a French Project. The conlenl of the project was scaffolded by staff lo ensure the children learnt the necessary ski15s for an independent project in Years 5 and 6. Each child was supplied with a prèsentation booklet for their completed work. Many of the children went above and beyond, and created posters, models and even baked goods, to support their project. We showcased the incredible work in a 'Parisian Café, in the Hall, where wè played French music and Holroyd Howe, our caterers, put on a selection of French themed treats for parents and children. The Upper Junior Resgarch Award ran seamlessly, with around 45 children taking part. In addition lo the Research Award, we inlroduc8d a whole-school inilialN8 called "Th8 Exhibition" This was themed Art competition for children in Nursery - Ygar 6 to submit work under one of th8 following five categories: 3D Art, 2D Art, Digital Art, Textiles and Photography. We had just over forty entries lo the competition, with the theme °One Small Slep" The pieces were carefully curated and displayed in Scott House for parents, children and visitors to come and see. The Exhibition will run again in the Summer Tem of 2023, with the theme of"150 years" Art Autumn 2021 saw the opening of the brand-new Art facility at LBHS, with 8 Strearnlined adaptable studio space for the pupils to enjoy. Equipped with rnodular furniture and sewing machines, in a bright airy space. The high quality of creative work produced by pupils, placed highly in the Stockport GrammarArt Competition, the ISA Digital Art Cornpetilion and the ISA Easter Egg Competition. Children a￿0 designed and created bunting for the School's Jubilee celebrations. Woodland School During the summer holidays 2021, an area of previously unused land owned by the School was cleared and developed into a space designated for outdoor learning. This project, whilst a work in progress, was fully endorsed by SLT and inlegraled into the curriculum. Woodland school has become 8 very successful and popular addition to our curriculum and extra-curricular provision. The benefits of outdoor leaming are huge and bring another dimension lo the educational provision al LBHS. The sessions encourage children to leam through play. Whether climbing trees, painting with their hands or throwing stones into a stream, we want children lo enjoy life and all the experiences it brings," children can not only enhan￿ their independent thinking skills and be fully immersed in their learning, bul also learn lo lake risks and try new things. All age ranges are catered for and our overall feedback frorn pupils land parents) has been extremely positive. 91Page

LADY BARN HOUSE SCHOOL LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2022 Dr Mary Maclachlan and her team have helped develop a working ethos so that all pupils have chance to explore our woodland area. Mr Jones has recently completed his Forest Schools Level 3 Practitioner Award, and has worked closely throughout the process with Dr Maclachlan to ensure our woodlands have been appropriately risk assessed and deemed 'fil for purpose., During the year we continued to develop the area making it secure yet accessible lo all age groups and needs. Site staff have received training to maintain and develop the area. An outdoor classroom was added and offers 8 place to set up a base-, in future il will be used to develop age appropriate, manual skills for using tools and equipment. Two log circles have been created- one being a canopied 'fire pit, area. Logs have been used from our woodland area when developing pathways and clearing areas. Raised beds were added and the children have enjoyed growing vegetables including chard. squash, lettuce and herbs, which they were then able to enjoy at lunchtime. Learning outside is associated with reducing stress levels, building teamwork and social skills and developing those invaluable critical thinking skilts which children need lo develop as they grow. Woodland School activities include welly wading. river paddling, foraging for blackberries, making art work of friends out of sticks, mud cfftalions, making wild garlic pesto, winter walks, having fun with slicks, getting to know a tree, wild crowns, snail racing, wild arl, helping wild animals, growing a plant and cooking on a campfire, as well as others. We èvèn have children wanting to lake spiders homel The possibilities are endless and support the curriculum across the School. Holiday Club Provision Summer 2022 saw the launch of Barney's Breakout Club. This new venture for the school, brought holiday care in-house to complement the already popular and well attended wrap-around care at Lady Barn. The holiday club follows the Lady Barn calendar lo offer an all year-round provision for parents. Charitable Contribution5 at LBHS In 1873, Lady Barn House School was founded by the Victorian educational pioneer, William Henry Herford. The ethos Df the school was based upon Christian values, including showing kindness and consideration for others and giving support lo those people who were less fortunate. This charitable commitment continues to this day. and each year we make significant contributions lo local, national and international charities. Al Lady Barn House School we have a Charity Council of democratically elected pupils who assist with th8 identification of charities we wish lo support and the planning and running of charitable events. Many charities have been supported, bringing the school Community together in a common cause. The Charity Councillors (from Year 2 to Year 61, represent the views of their peers and help lo org8nise our charity days. We sent over 2000kg of food and other goods to the Urban Outreach charity, Bolton - supplying their Store House and Winter watch initiatives We held coffee mornings for Macmillan Nurses and Maggie's cenlres raising over £1,000 Our sponsored walk raised £953.48 for Children in Need The Poppy Appeal raised over £800 Over 300 Christmas presents were delivered for children at the Starlight Ward. Wythenshawe Hospital 10IPage

LADY BARN HOUSE SCHOOL LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2022 Donations of 14 iPads and many Easter eggs lo the children st8ying at Ronald McDonald House, Manchester- their siblings were receiving Irealrnent at the Royal Manchester Children's HDSPital Over £700 to help train Medical Detection Dogs £450 raised for Manchester Donkey Sanctuary and adopted Henry the donkey- our contribution pays for the upkeep of the animals and the training of vets al the sanctuary £5,22D raised during Readathon for books and author visits lo children in hospital Over £2,000 raised for the Christie Hospital through sponsorship for our teachers running in the Great Manchester Run £807.51 for the British Red Cross relief work in Ukraine A mountain of shoes collected on the last day of term for Shoe Aid, these will be donated lo needy people in the UK. Financial review Results. reserves policy and financial viability The directors have considered the level of cash reserves which would be reasonable given the nature of the school activitie5 and obligations. Reserves are required to fund improvements and enhancement of the premises and site as well as being necessary to provide cover for expenditure in the event of a signif1canl fall in income. It is felt that 100k of income is an achievable surplus for the school lo aim lo generate each year. Financial projections are carefully reviewed and monitored by the board and generating an adequate level of surplus each year is necessary lo sustain the future of the School. The school has £3.3m of unreslricled funds, 12021 £3.6ml which after deducting fixed assets equates lo £305k12021'. £663kl. In addition, the school holds an amount £769k in long term inveslmenls, the remainder is earmarked lo fund the long-lerm strategic plans of the school to develop the Bile and facilities via a master-planning exercise. Directors deem Ihe maintenance of facilities to the highest standards to be essential for the School's future sucGe55. During the year, significant capital projects were funded from the trading surplus generated. Going Concern The academic year 2021122 presented challenges not only to the Lady Bam community, but more lo the education sector widely. However, a strong ISI inspection, consolidation of the senior team and a return to pre-pandemic functionality will give a solid base on which lo move forward. Whilst lesson5 have been learnt and IT has progressed significantly all of our Community have welcomed this. Careful monitoring of school's investment portfolio in light of an unstable market Govemors. having reviewed market and economic conditions decided on an 80/0 fee increase for the academic year 22123. In these difficult times. the need for clear leadership, strong govemance and effective decision making based on reliable information is more important than ever. Attendance rates were strong through the period and stats for Autumn 2021 indicated rates in excess ol 95'/0.

LADY BARN HOUSE SCHOOL LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2022 Strategic Report and Viability Statement The Senior Team have undertaken extensive sensitivity analysis and scenario planning, and in tum have considered the potential need for swift cost cutting. However, numbers remain strong and the school has focused on cjelivering tours and open events. The marketing strategy has recently been reviewed and refreshed to focus on the core offering of the school. Having reviewed the funding facilities available lo the School, together with the expected ongoing demand for places and the School's future projected cash flows, the Governors have a reasonable expectation that the School has adequate resources to continue its activities for the foreseeable future and consider that there were no material uncertainties over the Schcx)I's financial viability. Accordingly, they also continue to adopt the going concern basis in preparing the financial statements. Investment poliey and objectives The board and the finance sub-committee continue to Tnonitor investment risk and rewards in the context of the market. The main objective is to safeguard the charity's assets and ensure a low to medium level of risk. The school seeks professional advice in this area. Cash management is considered as part of this policy to ensure the appropriate balance of long. and short term. investments. Principal funding Incoming resources for the charity increased by 9.5°k 10 £4,849,37812021.. £4,428,593). Fundraising The school had no fundraising activities requiring disclosure under S162A of the Charities Act. Plans for future periods Future developments Continue to develop and refine a long-term site maslerplan to C04)rdinate and phase development of the sile Continue development of outdoor areas and the Woodland school to enhance and extend the curriculum for all ages Further improving the site's facilities in terms of technological, sporting and co-curricular provision Improve and build communication platforms internally and externally Extending partnerships with local schools and the local area Continuing programme of professional development for teaching and support staff D8v8lop alumni relations Introduce a G&T programme for primary aged children in the local area Deliver a full program of celebrations and activities to mark the School's 150th year annNersary Develop clear strategies and policies on ED and I 121P8ge

LADY BARN HOUSE SCHOOL LIMITED

TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2022

Principal Risks and uncertainties

The board track all perceived risk once a year via the risk register. Each committee monitors the areas relevant to it at each meeting and takes appropriate action to mitigate risk as much as possible.

The principal risks and uncertainty faced by the school are:

The school will continue to monitor the impact of these areas.

Statement of Trustees' responsibilities

The Trustees (who are also directors of Lady Barn House School Limited for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions, disclose with reasonable accuracy at any time the fir,ancial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Provision of information to the auditors

Each of the persons who are Trustees at the same time when this Trustees' report is approved has confirmed that:

��ed by the Trustees on 28 November 2022 and signed on their behalf by: R Doidge Chair

13IP a g e

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF LADY BARN HOUSE SCHOOL LIMITED Opinion We have audit8d the financial statements of Lady Barn House School Limited I'the charitable company) for the year ended 31 August 2022 which comprise the Statement of Financial Activities, Balance Sheet and Cash Flow Slalement and notes lo the financial stslemenls, including significant accounting policies. The financial reporting fmmework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practs'cel. In our opinion the financial slatemenls= give a true 8nd fair view of the slate of the charitable company's affairs as at 31 August 2022 and of ils income and expendlture, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for opinion We conducted our audit in accordance with International Stsndards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufFicienl and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial 51alemenls, we have conclLJded that the trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast Significant doubl on the charitable company's ability lo continue as a going concern for a period of at least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Iruslee5 with respect lo going concern are described in the relevant sections of this report. other Informatlon The trustees are responsible for the other information contained within the annual report. The other1nfomation comprises the infonnation included in the annual report, other than the financial ststements and our auditor's report thereon. Our opinion on the financial slalements does not cover the other information and, except lo the extent otherwlse explicitly staled in our report, we do not express any form of assurance conclusion Iherèon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othetwise appears to be materially misststed. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise to a material misstatement in the financial slalernenls theMse￿eS. If, based on the work we have performed. we Conclude that there is a material misstatement of this other infomalion, we are required to report that fact. We have nothing to Teport in this regard. 141P8ge

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF LADY BARN HOUSE SCHOOL LIMITED Opinions on other matters prescribed by the Companies Act 2006 In our opinion based on the work undertaken in the course of our audit thg information given in the trustees, report, which includes the directors, report prepared for th9 purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements., and the directors, report included within the trustees, report have been prepared in accordance with applicable legal requirements. Matters on which we are required to roport by ox¢oPtion In light of the knowledge and understanding of the charitable company and thèir environment obtained in the course of the audit. we have not identified material misststemenls in the directors. report included within the Iruslees. report. We have nothing to report in respect of the following rnatters in relation to which the Companies Act 2006 requires us lo report to you if. in our opiniorb.. adequate and proper accounting records have not been kept., or the financial slalemenls are not in agreement with the accounting records and retums,. or certain discSDsures of IrusteÈs' remuneration specrfied by law are not made., or we have not received all the information and explanations we require for our audit- or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the Iruslees, directors, report and from the requirernenl to prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement set out on page 13, the trustees (who are also the directors of the charitable company for the purposes of cornpany lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees determine is necessary lo enable the preparation of financial slalements that are free from material misstatement, whether due lo fraud Dr error. In preparfng the financial slatemenls, the Iruslees are responsible for assessing the charitable companvs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Iruslees either intend to liquidate the charitahle company or lo cease operations, or have no realistic attèrnalive bul lo do so. Auditor's responslbllltles for the audlt of the flnanclal statements Our objectives are lo obtain ￿aSonable assurance about whether the financi81 statements as a whole are tree from material misst2tement. whether duè to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee th812n audit conducted in accordance with ISAS IUKI will a￿ayS delect a material misstalemenl when il exists. Misstslements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial stalemenls. Details of the extent lo which the audit was considered capable of detecting l￿egUlarl11es, including fraud and non-compliance with laws and regulations are sel out below. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.org.uklaudilorsresponsibilities. This description fomis part of our auditor's report. 151Page

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF LADY BARN HOUSE SCHOOL LIMITED Extent to whlch the audtt was consldered capable of detectlng Irregularities. including fraud Irregltlarilies, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misslatemenl of the financial slalements from irregularities, whether due to fraud or error, and discussed these betwe8n our audit team members. VV8 then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion. We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws 2nd regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006 together with the Charities SORP IFRS 1021. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements bul compliance with which might be fundaments5 to the charitable company s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. The laws and regulations we considered in this context for the UK operations were The Education Ilndependenl School Standards} Regulations 2014, Employment legislation and Health & Safety. Auditing standards limit the required audit procedures to identify non-compliance wtth these laws and regulations lo enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any. We identified the greatest risk of material impact on the financial statements from irregularities, including fraud. lo be within the timing of recognition of other income and the override of controls by management. Our audit procedures lo respond lo these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission, Independent Schools Inspeclor8le, sample lesling of other income and reading minutes of meetings of those charged with governance. Owing lo the inherent lirnilations of an audit, there is an unavoidable risk that we may not have detected some material misslalemenls in the financial slalements. even though we have properly planned and perfomied our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations lirregularitiesl is from the events and transactions reflected in the financial slalemenls, the less likely the inherently limited procedu￿$ required by auditing standards would idèntify it. In addition, as with any audit, there remained a higher risk of non-deleclion of irregularities, as these may involvè collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to delecl non-compliance with all laws and regulations. 161Page

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF LADY BARN HOUSE SCHOOL LIMITED Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable companys members those matters we aro required lo slate lo them in an auditor's report and for no other purpose. To the fullest exlenl pormitted by law, we do not accept or assume responsibility to anyone other than the charitable Company and the charitable cornpany's members as a body, for our audit work, for this report, or for the opinions we have formed. Vicky Szulist Senior Statutory Auditor For and on behalf of Crowe U.K. LLP Slatulory Auditor The Lexicon Mount Street Manchester M2 5NT Date 12th December 2022 171Page

LADY BARN HOUSE SCHOOL LIM￿ED STATEMENT OF FINANCIAL ACTIVITIES Iln¢orporating the Income and Expenditure Account) FOR THE YEAR ENDED 31 AUGUST 2022 2022 2021 Total Total Unrestricted Unrestricted funds funds Note INCOME FROM: Charitable actlvltles School fees 4,252,653 3,936,148 Investment Income 16,769 14,201 Other Income 579,956 478,244 Total incoming resou￿oS 4.849.378 4,428,593 EXPENDrruRE ON: Charitable activities Education 5.157.966 4.739.324 Total expenditure 5,157.966 4,739,324 NET IOUTGOINGIIINCOMING RESOURCES BEFORE GAINS AND LOSSES ON INVESTMENTS Nel gainsl Ilossesl on investments 1308.5881 1310,7311 11 85,714 NET MOVEMENT IN FUNDS 1303.5111 1225,0171 RECONCILIATION OF FUNDS Total funds brought forward 3.601.235 3.826.252 TOTAL FUNDS CARRIED FORWARD The notes on pages 21 to 32 fomi part of these financial slat&ments 181Page

LADY BARN HOUSE SCHOOOL LIMITED

BALANCE SHEET Registered Number: 02986515 AT 31 AUGUST 2022

FIXED ASSETS
Tangible assets
Fixed asset investments
CURRENT ASSETS
Debtors
Cash at bank and in hand
CREDITORS
Note
10
11
12
Amounts falling due within one year
13
NET CURRENT LIABILITIES
NET ASSETS
TOT AL UNRESTRICTED FUNDS
17		 2022
£
2,998,846
769, 9
3,768,295
106,910
229,475
336,385
(806,956)
(470,571)
3,297,74
3,297.724		 2021
2.937,251
748,824
3,686,075
119.935
698,705
818,640
(903,480)
(84,840)
3,601.235
3,601.235

The company"s financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the Board of Governors on 28.11.2022

and were signed on its behalf by:

R Doidge Chair

The notes on pages 21 to 32 form part of these financial statements

19jPage

LADY BARN HOUSE SCHOOOL LIMITED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2022 Note 2022 2021 Net cash inflow from operations Nel cash provided by operating activities 20 23.121 410,704 Cash flows from invgsting activities Investment income.. dividends Purchase of tangible fixed assets Purchase of investments Disposal on investment 16.769 {493,5721 (17,4211 1.873 14,201 1599.8331 113.7331 50 1492,3511 1599.315) Change In cash and cash equlvalents In the reportlng perlod 1469,2301 1188,611) Cash and cash equivalents 8t the beginning of the period 698.705 887.316 Cash and cash equlvalents at the end of the period 21 229,475 698,705 The notes on pages 21 to 32 fomi part of these financial statemenlg 20IPage

LADY BARN HOUSE SCHOOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ACCOUNTING POLICIES Basls of preparation of financial statements The financial slalements have been prepared in accordance with Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20221- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the companies Act 2006. Lady Barn House School Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised as historical cost or transaction value unless otherwise slated in the relevant accounting policy. The senior team have undertaken extensive sensitivity analysis and scenario planning and in turn have considered the potential need for swift cost cutting. However, numbers remain strong and the school has focused on delivering tours and open events in new, covid friendly ways. The marketing strategy has recently been reviewed and refreshed to focus on the cor8 offering of the school. Having reviewed the funding facilities available to th9 School together with the expected ongoing demand for places and the School's future projected cash flows, the Governors have a reasonable expectation that the School has adequate resources lo continue its activities for the foreseeable future and consider that IheTe werg no material uncertainties over the School's financial viability. Accordingly, they also contsnue lo adopt the going concern basis in preparing the financial stslements. Company status and general information Lady Barn House School Limited is 8 charitable company limited by guarantee incorporated in England and Wales. The members of the company are the Trustees named on page 1. In the event of the company being wound up. the liability in respect of the guarantee is lirnited lo £1 per member of the company. The address of the office and principal place of operations is Schools Hill, Cheadle. Stockport, SK8 1JE. The principal objectives of the company are al to establish and maintain 8 school at Cheadle, Greater Manchester for the academic and physical education of young persons of both sexes Ib) to instruct the staff of such school and other persons to qualify them to promote the aforesaid purpos.Is Ic) lo promote any other charitable purposes of an educational nature. Incomlng resources l income is recognised once the company has enlillement lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Resources expended Expenditure is recognised once there is a legal or conslruclive obligation to transfer ewnomic benefit lo a third party, il is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity- Direct costs attributed lo single activity are allocated directly lo that aclivily. Shared costs which contribute to rn0￿ than one activity and support costs which are not attributed lo a single activity are apportioned between those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of asset's use.

LADY BARN HOUSE SCHOOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ACCOUNTING POLICIES Support costs are those costs incurred directly in support of expenditure on the objects of the COfTTrpany and include project rrianagement carried out at Headquarters. Governance costs are those incurred in connection with adrninistralion of the company and compliance with constitutional and slatulory requirements. Charitable activities and Governance costs are costs incurred on the company's education operations including support costs and costs relating to the governance of the company apportioned to charitable activities. Tangible fixed assets and depreciation A review of impairment of fixed assets is carried out if event or changes in circumstance indicate that the carrying value of any fixed assets may not be covered. Shorttalls between the carrying value of fixed assets and their recoverable amount are rècognised as impairments. Impairment losses are recognised in the st8temenl of financial activities incorporating income and expenditure account. Tangible fixed asset are carried al cost, net of depreciation and any provision for impairment. Depreciation is not charged on freehold land. Deprecation is provided at ratgs calculated lo write off the C051 of fixed assets, less their estimated residual value over their expected useful lives on the following bases.. Freehold Fixtures Computer 8quipmgnt Over useful economic lif8 15 /D slraighl line 33 /0 slraighl line Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet dale, unless fair value cannot be measured reliably in which case it is measured al cost less impairment. Inveslrnent gains and losses, whether realised or unrealised, are combined and shown in the heading 'Gainslllossesl on inve51menls' in the slatgmenl of financial activities incorporating income and expenditure account. Interest receivable Interest on funds held on dep0511 is included when re￿[Vable and the amount can be measured reliably by the company., this is normally upon nolificalion of the interest paid or payable by the bank. Opgrating leasgs Rentals under operating leases are charged lo the same statement of financial activities incorporating income and expenditure account on a straight line basis ovgr Ihe18ase term. Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. Cash at Bank and in hand Cash at bank and in hand includes cash and a short lem) highly liquid investments with a short malurily of three months or less from the dale of acquisition or opening of the deposit or similar account. 221P8ge

LADY BARN HOUSE SCHOOOL LIMtTED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ACCOUNTING POLICIES Liabilitie$ and provisions Liabilities are recognised when there is an obligation al the balance sheet dale as a result of 8 past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the company anticipates it will pay to settle the debit or the amount it has received as advance payments for goods or services It must provide. Provisions are measured al the best material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within the interest payable and similar charges. Financial instruments The company only has financial assets and financial liabilities of a kind that qualrfy as basic fr'nancial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. Pensions The teaching staff are members of the Government's Teaching Defined Benerrts Scheme. The future pension liability is the responsibility of the Teachers, Pension Scheme. As a result, il is not possible lo identify the assets and liabilities of the scheme that are attributable lo the school. Accordingly, under FRS 102 the scheme is accounted for as if il were a defined contribution scheme. Fund accounting General funds are unrestricted funds which are available for us at the discretion of the Iruslees in furtherance of the general objectives of the company and which have not been designated for other purposes. Judgements in applying accounting policie5 and key sources of gstimation uncertainty In the application of the entity's accounting policies which are described above, I,"ie Governors are required lo makè judgments, estimates, assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The eslimales and underlying assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ Irom these estimates. The eslimales and underlying assumptions a￿ reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects the current and future periods. In the view of the Govemors, no assumptions concerning the future or estimallon uncertainty affecting 8ssels and liabilities al the balance sheet dale are likely lo result in a material adjustment to their carying 8mounls in the next financial year. 231P8ge

LADY BARN HOUSE SCHOOOL LIMrrED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 CHARITABLE ACTIVITIES- FEES RECEIVABLE Fees receivable consist of: 2022 2021 Gross Fees 4,844,689 4,586,475 Less.. bursaries, grants and allowances 592 036 650 327 Total School fees Discounts, bursaries and other awards were paid lo 209 pupils12021'. 1541. Within this means- tested bursaries lolalling £163,590 were paid lo 33 pupils12021.. £190,559 10 37 pupils). INVESTMENT INCOME 2022 2021 Investment income Bank interest receivable 15,548 1,221 13,683 518 16.769 14,201 OTHER INCOME 2022 2021 Extra-curricular activities Donations Grant income Lettings & Hire incorne Trip Income Covid 19 Insurance Claim 177,319 19,870 252,841 6,201 123,725 100,081 13,850 253,005 11,281 27 100,000 ANALYSIS OF EXPENDITURE Staff Costs Dopreciation Othgr costs Total 2022 Totsl 2021 Charitable gxpenditur9 Education Governance costs 3,283,740 431,977 1.355,758 86.491 5,071.475 86.491 4.680,416 58,908 3,283,740 431,977 1,442.249 5.157.966 4,739,324 241Page

LADY BARN HOUSE SCHOOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 GOVERNANCE COSTS 2022 2021 Auditors, remuneration Professional fees 13,000 11,870 86,491 58,908 NET IOUTGOINGIIINCOMING RESOURCES Net loutgoingllincoming resources are slated after charging.. 2022 2021 Hire of equipment Depreciation - owned assets 48,291 363,872 431.977 AUDITORS REMUNERATION 2022 2021 Fees payable for the audit of the annual accounts Fees payable in respect of Teachers Pension Scheme All other non-audil services not included above 10,900 950 1.150 9.900 860 1.110 251Page

LADY BARN HOUSE SCHOOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 STAFF COSTS 2022 2021 Wage5 and salaries Social security Costs Other pension costs 2,574,978 267,836 440,926 2,581,838 261,719 455,998 3,283,740 3,299,555 Aggregate employee benefits of key management personnel 690 210 The average monthly number of employees during the year was as follows.. 2022 2021 Teaching and administration The number of higher paid employees in bands of.. - 2022 2021 £60.000 10 £70,000 £80,000 to £90,000 £90,000 10 £100,000 During the year no trustees received any remuneration12021: £nil). During the year no trustees received any benefits in kind12021'. £nill. During the year no trustees received any reimbursement of expenses12021'. £nill. 261Pag8

LADY BARN HOUSE SCHOOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 10. TANGIBLE FIXED ASSETS Freehold Property Fixtures and Fittings Computer Equipment Totals COST At 1 September 2021 Additions Disposals 3,749,100 1,546,250 356,580 4,373 386,630 136,992 6,603 5.681,980 493,572 10.976 At 31 August 2022 3,749,100 1,898,457 517,019 6.164.576 DEPRECIATION Al 1 September 2021 Charge for the year Disposals 2,049,821 91,939 455,559 231,902 4.373 239,349 108,136 6,603 2.744,729 431.977 10,976 At 31 August 2022 2.141,760 683,088 340,882 3.165 730 NET BOOK VALUE Al 31 August 2022 1.607.340 1.215.369 176,137 2.998,846 At 31 August 2021 1,699,279 1,090.691 147,281 2,937,251 11. FIXED ASSET INVESTMENTS Unrestricted Funds Total 2022 Total 2021 Market Value @ 1 September 2021 Additions Disposals Revaluations Market Value @ 31 August 2022 748,824 17,421 (1.8731 5,077 769,449 748,824 17,421 11.8731 5,077 769.449 649,427 13,733 1501 85,714 748,824 Listed on UK Stock exchange IHislorical cost £598,033) Cash deposits 768,804 768,804 748,269 645 769,449 645 769,449 555 748,824 271Page

LADY BARN HOUSE SCHOOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 12. DEBTORS 2022 2D21 Trade debtors Other debtors Prepayments and accrued income 24,414 12,696 69,800 53,260 13,068 53,607 106,910 119.935 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Trade creditors Social security and other taxes Other creditors Accruals and deferred income 33B.213 63,797 243,656 161,290 108 59,163 282,448 561.761 806,956 903,480 Deferred Income Deferred income at 1 September 2021 Resources deferred during the year Amounts released from previous years 107.312 71,476 1107.312) Defer￿d income at 31 August 2022 71,476 Deferred income comprises of tuition and school trip fees paid in advance. 14. OPERATING LEASE COMMITMENTS At 31 August 2022 the total of the charity's future minirnum lease payments under non-cancellable operating leases are as follows.. 2022 2021 L9SS than one year Between IMO and five years 72.990 87,588 281Page

LADY BARN HOUSE SCHOOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 15. CAPITAL COMMITMENTS At 31 August 2022 the total of the chariws capital commitments which were authorised and contracted for amounted to £nil12021.. £Nill- The School intends to fund future commitsments out of cash flow. 16. Teachers, Pension Schgm9 The School participates in the Teachers, Pension Scheme I'the TPS'I for ils leaching staff. The pension charge for the year includes contributions payable lo the TPS of £441,821 12021.. £453,442) and al the year-end £55.01912021.. £50,556) was accrued in respect of contributions to this scheme. The TPS is an unfunded multi*mployer defined benefits pension scheme governed by The Teachers, Pensions Regulations 2010 las amended) and The Teachers, Pension Scheme Regulations 2014 las amended). Members contribute on a "pay as you go" basis with contributions from members and the employer being credited lo the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament. The employer contribution rale is set by the Secretary of State followng scheme valuations undertaken by the Government Actuary's Department. The most re￿nt actuarial valuation of the TPS was prepared as al 31 March 2016 and the Valuation Report, which was published in March 2019, confirmed that the employer contribution rate for the TPS would increase from 16.40/0 to 23.60/. from 1 September 2019. Employers are also required to pay a scheme administration levy of 0.080k giving a total employer contribution rate of 23.680/0. The 31 March 2016 Valuation Report was prepared in accordance with the benefit5 sel out in the scheme regulations and under the approach specified in the Directions, as they applied al 5 March 2019. However, the assumptions were considered and sel by the Department for Education prior lo the ruling in the 'McCloudlSargeanl case,. This case has required the courts lo consider cases regarding the implementation of the 2015 reforms lo Public Service Pensions including the Teachers, Pensions. On 27 June 2019 the Supreme Court denied the government pemiission lo appeal the Court of Appeal's judgment that transitional provisions introduced to the refomed pension schemes in 2015 gave rise to unlawful age discrimination. The government is respecting thè Court's dècision an.1 has said it will engage fully with the Employment Tribunal as well as employer and mernber representatives to agree how the discrirninations will be remedied. The government announced on 4 February 2021 that il intends to proceed with a deferred choice underpin under which mernbers will be able to choose either legacy or reformed scheme benefits in respect of their service during the period between 1 April 2015 and 31 March 2022 al the point they become payable. The TPS is subject to a cost cap mechanism which was put in place lo protect taxpayers against unforeseen changes in scheme costs. The Chief Secretary lo the Treasury, having in 2018 announcèd that there would be a review of this cost cap mechanism, in January 2019 announced a pause to the cost cap mechanism following the Court ofAppeal's ruling in the Mccloudlsargeanl case and until there is certainly about the value of pensions lo employees from April 2015 onwards. The pause was lifted in July 2020. and a consultation was launched on 24 June on proposed changes to the cost control mechanism following a review by the Government Actuary. The consultation closed lo rèsponse on 19 August 2021 and the Government is currently analysing the responses. In view of the above rulings and decisions the assumptions used in the 31 March 2016 Actuari81 Valuation may become inappropriate. In this scenario, a valuation prepared in accordance with revised benefits and suitably revised assumptions would yield different results than those conlaingd in th8 Actuarial Valuation. 291Page

LADY BARN HOUSE SCHOOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 17. MOVEMENT IN FUNDS statement ol funds Al 1 September 2021 At31 August 2022 Incoming Resources Gains on resources expended investment Unrestricted funds General fund 3,601,235 4.849,378 15,157,966) 5,077 3,297,724 Total fund$ 3,601,235 4,849,378 5,157.966 5.077 3,297,724 A11 September 2020 At31 August 2021 Incoming Resources Losses on resources expended investments Unrgstrirtgd funds General fund 3,826,252 4,428,593 14,739,324) 85,714 3,601,235 Total funds 3,826,252 4,428,593 4.739,324 85,714 3,601,235 Analysis of net assets between funds- current year Fixed assets Net current liabiltties Long term Total 2022 Unrestricted funds 3,768,295 470,571 3,297 724 Analysls of net assets between funds- prlor year Fixed assets Net current Long term Total 2021 Unrestricted funds 3,686,075 84,840 3,601,235 30IPage

LADY BARN HOUSE SCHOOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 18. RELATED PARTY TRANSACTIONS A number of the trustees al the School who held office for al least part of the year had children enrolled at the School during the year. The children allended the school on the same terms as the other pupils. 19. FINANCIAL INSTRUMENTS 2022 2021 Financial assets measured at amortised cosl la) 336,385 818,640 Financial assets measured at fair value Ibl Financial liabilities measured at amortised cost Icl 769,449 688,140 748,824 788,757 (al Financial assets include cash, fee debtors, other debtors and prepayments and accrued income (see note 121 Ibl Financial assets held at fair value iriclude assets hekl as investments Ic) Financial liabilities include deposits, trade creditors, other creditors and loans (see note 131 Impaiment losses charged to financial assets measured at amortised cost in the year amounted lo £nil. 20. RECONC5LIATION OF NET IOUTGOINGIIINCOMING RESOURCES TO NET CASH INFLOW FROM OPERATING ACTIVITIES 2022 2021 Nel loutgoingll incoming resources Depreciation charges (Gains) Ilosses on investments Dividends, interest and rents from investments Decrease I Ilncreasel in debtors IlncreasellDeerease in creditors 1303,5111 431,977 15.077) 116,769) 13,025 96 5241 1225,017) 363,872 185,7141 114,2011 7,013 364,750 Ngt cash inflow from operating actlvltles 23,121 410,704

LADY BARN HOUSE SCHOOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 21. ANIALYSIS OF CASH AND CASH EQUIVALENTS 2022 2021 Cash in hand Overdraft facility repayable on demand 229,475 698,705 229,475 698,705 22. RECONCILIATION OF NET DEBT At 1 September 2021 At 31 August 2022 Ca5hflow Cash in hand, at bank 698,705 1469,2301 229,475 Bank overdraft Total 698,705 469,230 229,475 321Page