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
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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
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## **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: 

- Management of allergens 

- IT and cybersecurity 

- Political uncertainty around business rates relief, VAT on school fees 

- Teacher Pension employee contribution rises 

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: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgments and estimates that are reasonable and prudent; 

- state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 

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: 

- so far as that Trustee is aware, there is no relevant audit information of which the charitable company's auditors are unaware, and 

- the Trustees have taken all the steps that ought to have been taken as a Trustee in order to be aware of any information needed by the charitable company's auditors in connection with preparing their report and to establish that the charitable company's auditors are aware of that information. 

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