G¢Then*vs'Reprt ondFiD3ffcMIs￿effleKI5
Ayi2021
theyear ended 31 Awt 2021
Re8ÉStered ¢ty￿PanY￿￿ber 4038033
Registered charity nwnber IIX1765
¥AB2XIATT"
#171
COMPANIES HCXJSE

Lot¥h&Yough&hooF$ Foruthii
Ftrilxyewert&d31 A¥¥wi2n2J
Contents
G¢)vernorf rewt
Statement of trustee¥ responsiblllles
21
Report olihe independent •JditLYS iothe member5 di0￿boT0ugh Sth0¢15 FO￿datiOn
22
consolidatedthtementoffinart1￿ attMtit5
25
Consolidated summary incomtand expeftthtwè *count
26
Consolidated balarKe slRet
27
Charitat4e Company bakn¢e shtet
Consolidated cash Ilth¥ ststement
29
Notes

The F￿ndation comwises four Independent ￿hO￿lS aThl nursuy. all located In l￿4￿barO￿. The
LOU8hbLYo￿h khoofs Ftyjndation TKas re8ulared as a thartty bya nwnberofearllerKknes made bythe Board of
Edu¢ati¢n and the Charity C¢nwniMlm On 20 2rxi) the th￿lty was incorpwlted as a company limited
guarantee In￿ber 40380331. At the same tim¢. the I￿er tharitabb2 trust W35 th591¥ed and the pemaneni
endovrnent tH7S s*ed *ithin a ch¥i13We tr￿t {number 10817651. AU ￿ernor5 are Dirertors of the
LOUBhbx￿ Schcds FourMJatiODC(ThparryaNITrustees of the tharitsb1ÈTrU￿ lormed on 28J￿￿t 21MJO. By Order
of the Charity Com￿5510n. ￿Unts Cons￿date tht aCc￿nts of the LO￿￿&h Schods Foundatlon
Q)rnpany fThited tyguarantee andtfr* 5th￿15 Foundatsjn OoritatAe Tr￿t.
LWbWWghGrrn3rScl￿1lL65>¥T￿ HIBh $th(￿ forG*isliHSI t*vefourtded In 1495 and 1850
respecti¥ely. F•rfiehl Preparaw Sthool bec*ne auto￿¥MOUS in 1969 pmiou5ty operated as the junlor
School of l0￿hbOr0￿h SthooL On l *tember 2015 (Mbr Laws Con¥ent %hool (founded 18501 ¥
subsumed into the FO￿KId￿"0￿ thu5 its f￿rth iwnt schDoI: from i *tember 2018. the xhool
than8ed its name to become LoUgh￿r0￿ ArnhEf5t Sttrwl I￿1. The Nursery. emabtsshed on site of
Loughbtrough knherst sctr￿1. opened in Ollober 201& Thro￿0￿ the GoNErnor< ReP￿ts 3nd finèncial
Lou8hlJ¢rouÉb knls Found•tyw Is • educatlonal tharlty a¢knirristered try Go%wn¢n whD are also theTru5tees
ofthe Charityand OVe¢￿S0ft￿* Ctynpwi. Thefjry•Ellvx5 the year. upto the dateofth15
report txctpt whereinthE31ed. ¥¥ere."
mlrll &rTre￿¥ So*rK3tME I)Er41*kn7l OL
MrA OJanesBAfCA
MISE K CsitcNev MA ICIAonl IiHSI 1reylr￿d asth*rJl*AWt20211
R Harrisoti MAICantsbl uch RIUILH51 (app￿ted 45thar i StMeh*w202¥
Mr5AMurphyeAIH*211s1 IAmheTht)
MrsP ttNell •AA (Cartabl IIG51 1re5ifftd3l￿￿2O2ITr
￿rpsr￿flyI Bsc (Notysl MBACEW MVeSILGg lapFthrted*sO4irl *ptrmber20211
MrsG Plthard$8A H0￿m.Ed. IlorLEd.OIF*rfithJllreswtsl 8sthèir31AyJst20111
rAHarrtsMA (Falrfieldl lappLintrd ￿0￿1r1 5¢pttyrt*r 202
Professor RfvJf￿C￿ OA PhOInS￿ 31Jdy20211
r* M ￿4m￿app)lnted 1Septeml>er20211
K•rst X Crilth2yMAIOAoTrl
Profe550r ADo¢J50n BSC (H￿￿. PhD. Dsc
J Es9)n Pbo lawclrrteil ISeptthkn20211
Profo5so¥J Feather W Pho. F
Jennbfer. La(tyGretton tVCOJP. LL01H￿. ¢Hwl. HThLOiItt lrtsW26M¥th 102
Mr K M Hi¢2bWrt MIFr
irVité.Marshèl G Htr•ard C8. Wl•pp)inttd I Sepiemb¥20211
Mr P MJa(ts¢n FIMI (re98T￿d 26Marth ￿21>
P¥ofEssorJXthBk IHonsl. Phd1Olwnl lJ¥)L MSBlres*md 9 F•trwy 20211
MrsAJ E UrnbOBE MAIC4n
Mrs G NKh•rLts MHOAS M.ei. HotsEdD
Mrsthah, BSC IH¢>nsl14ppatnted I 20211
htrj $￿e{rE*￿ed 30£c￿r202o}
MrsLWebb BSC IHofts1

Gowrnorf rwrt ItontiThJa*)
ForihEi*weAltd31 A￿#￿[2￿71
NoMinotedGoveff￿r.'
Cornponv&uetw.
J WDohÈrty. ICCG. Ml¢JO. VR
All Govemrs ¥ve up th*r time freely and Th) I￿￿neratiOn was paid duri￿ the tovrse of th* year. Reasonable
travelling ènd assocrated expenses were paid in aCCOfdan¢e¥Jith F￿nda￿"t￿ pdity. No TrusteelDirector. or person
connerted with a Govem¢Y. reorrtd ary 15t￿fit eilher from a means-tested Fourwjaion P￿rSary or a ￿￿OI3¢shIP
awarded 10 a piWI.
3 BIKtfyi Walls
L04uhl)w
LEII 2DU
National Wesvninster Bank pk
Market Place
Loughbw0￿I
LEII 3EA
5alkttors:
Ve3IeWasbro￿h Wttards
Orthardcwrt
Orhard Lar
Bristol
BSI SDS
Blfd. Witsd andS3le
20 Chur¢hGats
Lth4hbtyo￿h
LEII IUD
C￿per parry Group LIM￿ed
Sty Wiew. Argosy Road
East M"¢lands *irport
Castle Orywrwon
DE74 2
ath5 Stanfey & Co. ￿Mited
25 Luke $1Jeet
EC2A4AR
Cgrpwhte Dl¥ision
4 Fl(*x. Insurarxe Htsjse
125-129Vau8han w•y
Leicester
LEI 45B
(aThJ Mana
MathwJ*ni*
3 Bank Cou¢ Weldm Road
L(wJghbwouEh
LEII 5RF

Fwits)vty¢thltd31 Aw2021
Oble¢ts
The (*jÈc¢ for ¥thlth tré Foundèifonls estatllshed Is to attvan￿ ed￿afjon ￿ caryylry on tn 6￿at Britaift a school
or5¢h*￿$ whrth maybe dtyty board1￿ sthods atvhjith infanty thldren andstudents may obtsin education and
iftsiruction in academi sporkn￿ musital. edtural. sothtifi¢ tethnkal. reHgK>US, vtsratitsnal. sodal commeroal
subpcts. xtvilt*s and uafts of ebyy dEscripkn and ty anollary or tho"dentsl educational adi4ryties and other
a550cialed artivit*s for benefitof the carnmunity.
The G•4errKod*mikne polknesgfthe Fourthtlon )rHlthe Irthdual sd￿01& Theday.tI￿ts¥ffiartalérrte￿t0t
educati￿1. developwt and pastoral is ddegated to tre Head% SUPF*yled by thelr senlor stsff. The
Chief Oper*ing Offi¢ff ICOOI is arsTweraWe tr the o￿all 8o¥ernarKe of charity. and $F￿fiCal￿r responslble
for the tentrallsed fur*tions of finance, knan re%>w¢e% estate5 and managem￿( health and safèty.
compliance, catèrir% network ser¥kes. tommeNryal acfifft. marketrfs and three sitsid1￿companIe1 he Is a150
theC￿pa￿3nd Charityseuttsry. ￿ ofthesefundion5 are vnbedded ¥Nlthnthe FoundatwJn. Tr Foundation Is
8oveN*d by its Memuandum and *AKlesof As5otiati(￿. Tht Mead5 andtht COOattend Govwnty< meetln
Fairfltld Preparatcfj Schfy)I
for bws ar41 aAed >ll
admastw.. MrA REamshaw, NPQH
Lou8hboro¥4hAJnher5tSdKJoI
Iln¢¢yptyaw￿ Lo￿hlM￿￿h Nuw
fry Iws apA aged 6we*.18
Heathnaster.. Drj Mwphy. Bi DPNI (Oxonl
fry b)ys aRed
Headmaster.. Mr D J 8￿, MA Icantabl Med (to 31 August
20211
Headmastw Ilnteriml: Or CA ME Ifrth I September
2021)
Lou8hboro4h High
ii.
F Nffjle5 IM4Canlzbl M8BS
The xhoLls are wln<ipaltyd•y Scho￿$. How￿r. t￿Gra￿marSd￿l also bo¥dlngfacilities frjr n b¢>ys.
51nce Septanber 2019, *rnherst Sthoot h•$ prwded bo•rdiry far up io 16 pupts {* artd errfsl as part OF the
Foundation's partnen1AP￿Ihthe La*Y•Tenn6sAs%xlab"on aThJ Uruvetsityof LoWborou8h.
The Head5 of Sthoc4. Fairfidd Prep¥atory Sthool. the Gfanmar Sthool and the Sthod. and a
members ofthe CISC IAP& HMQ and G￿resp￿lI￿. The C(XJ 15 3 memberolthe All of tlw professlonal
bodies are in mernbership of the Independent Sthoow Cwntll. Membttship of these asxKiaticffls wovldes an
opportunity to share txwts"se, arKI eXper￿Ce across the independent xhooF< 5ertor. These
wofes$5onal assocktions also tathtatere5xts￿￿trOnttstheGO1YTr￿wIand re8ylator5 On thevths of thosector.
and effi<ien¥y. The Nominations Conffiitiet bfflwviews prospect￿ eo%*mors on a re8ular basi5 and malntains a
list of prospetb%* c*)didates to be calted f(Th3rd vxafides ar15e andlry ￿11 gaps in the Board IJe¢ome
apparent The Secretary th the B¢Mrd MaIn￿n5 a recThd oltht aThl e¥twleffe ofcurrent Ints￿eS to

a￿¢F￿an¢1al SwerntMI$
Forthe*werykn31 Aw21121
GMrnorf report {continualJ
A tomprehen5i¥e p)liCy￿Sts on the recruiknenL selection and ind￿￿?￿ of G0￿MOr$. Moreover. in addition to
having access to professiona dth*lopment trainire provided by adwstts to the independent sthools, sector, the
Foundation ha5bistoricaltystsged itsowft8TrRrrus' tyair*ry days. tl* a¥Jifation bEir4 to hold atlea5tone trainin
day per annum. A rewd ofGo¥¢rnor trairin8 is hdd by the Secrew to the Board. In additlon to tralnln8 for the
80vernor5 as a whole, indr¥i41ual 8tyerntys also recei%* to support thwn in spKrfic duiie5 they undErtake.
for example 5afeguardiry ar*J finofft￿. The Foundatym is a memt*r of tt* Association of Governing Bodles of
Independent Schcols IAGBISI and GDverntr5 art tr￿C￿lated to make use of tt* prw*nme of cortferences arAI
semihars offeved.
Frorn September 2021. all GokerYb)rsT*illtake part in an apwasal. in the12 rnonths prior tothe end of theircurrent
terni of appoinb))ent. New Go¥erntys wll have a one ￿ar'prObatiOnarf perrod as part of their initial three.year
tem). This will allt)w Board as a whc4e to e￿￿re that all G)venws have the tirne and abi&ty to perform their
rol4 and that the rde continues tomeet their ewtation
The aoard. six f￿rti￿al c¢ynmittee5. exucist5 the mafta8en*nt aThl ¢mtroJ of the Foundation and
S(hoo15. Additionalty. an indi*idual CL¥nmittee knuwn as • Schod Bts¥¢f operates for each of the khools. A5 the
funthMal committees have kyimaw. thefowScho(4 Boards hwe fimited executibt butwere constituted to
erbsure that sthool Issues xe appmwlatelyraised at Fwndatyon board le¥el.
Durln8 the year the Board undert¢Jok a fill review of the Go¥ernarKe str￿t￿e$. aThl in partKular the size and
tomposityon ofttre Board and the I￿t and COM￿bknOn ofihe Sthool Bo¥d& The rebkn reported in March 202L
wtih 8ownors aRreeinÉ a nwnber of¢hary>
To seek to reduce ihe overall size of the board ro a maxirnum of fotsrteenTwstees
To relain the 5th001 Boards. but *ith a redLKed membership of thr& tyl￿teeS
To create specfficp05ts on exh Board.. Chair. p￿demI¢GOVernOl. Pastoral Goverw.
To ret*n the Financo. Audit and Comnwttee. a reduced m￿nberShIP0f tree
T•in¢Teasethes£gpe tsftheOwationsCth)rrittpEloberometheOperation5and C4ynpIia￿ Corn￿ttee,
wtlh o membership t>f three8overn
To thsbartd Ihe Chairf Committte
To thsband the Fundrai5i08Comftwitee and replKe IL intwne. with a F￿￿raISIng¢0rnpaIgn board.
The aim of ihe5e thanges is to wo¥ide a smaller Board wlmle en5urkng the t*orWoad on GO￿nor5 is fairfy
distritvJtEd.
The charge in structures will tske effectfrthm I September 2021. *th the tr•nyti¢)n to a smaller Board tsk*n8place
over the course of the 2021122 year. to ensure a smooth transftr ol corporatè rnemory arKI continuity of
Governan￿.
The ¢ornmittees In exirtence durirythe yearwere:
Fow5dwl Bo•rds IAmh•rt Falrf*ld. Gnrnmar and Hl•l W Each con￿stIl¥ offour Gv4ernors. or in the
¢a5e of *mherstfive8overnofs. S¢hod Board5arere5F0nYb￿ foT liaisonongertefal rnatter5 and en5uringthatschool
issues are repre5eTrtedatthe approwiate furftiDna c(Ynmittee andlor the Foundation Board. They have parrieular
focus on academia and edurational matters and prowde the pnmary G¢)vemor/SchooF interface. incluth.ng
representstion tothe ISJ. in adthtiw thtAmherst Sthool 8oardexerusesspeofic re5p005ibilities fortheCatholi¢ life
ol the School. The Sthool Boards meet on a te￿ty ba95. Fr(Mn Septern￿r 2021 the ￿Ze of School eoaids ￿dCed
to three mwnterslfowin thécase af thhv#l.
avi1< Comm*io* (d15band￿ **h •ifttt 31 2Qll): Consisting of the It￿r School Board Chair4 the ￿ce
Chair, the Chairs of the Finance. Au¢kt ar￿ RISK and Opera￿OnS Ctynmittee5 chalred by t1* Foundotion Chair.
thi$ committee pro¥ided a mechanism fot the identification. d¥￿10Pment and preparation of issues for Foundation
Board discussion. Its prirn￿ fvnction was to ttre Ilow of ahiwnuritatyon ond enlwKe the FouYKlatiOA

Go¥omorf r¥ort ftontiTh*¢l)
FLwth*y¢avernled31 A¥w2021
8oards Cawy strats8K an*si5 and tht c(W￿lderati￿ of Fwrthtkn issues. The committee met (th a
temly basis.
fromthefourschool lloarth,andOneothermembvw￿ ￿l￿anCi￿￿￿oI￿ed. The¢ommittee'sremit15 tornonilor
thefin3ncial performanceoftheFoundationarKtrfscL¥npvMtschoo15ardtomake recommendationstothe 6oard
actordinOy. It oversees extefnal authl as as tr* prreranme of Inwnal revle¥A and check5
undertaken throughout the year. suth as spot of the $i￿e tentral le￿eT. and safeguards the inteBrity of
the Foundali¢>n's Wems aThJ intern31 ¢tsntro& The Committee is also rtsponspb* fty rlsk mana8emeTht in the
foundaiion and for ensuring th*the Founthtion ha5 a 1w.tenn ffinan¢i31 plan, consistentwith it5 ovèrall strategic
develowent and infrastru￿Ufe plans. ft exercTrses o¥er5tght (rf tr* Foundation's inN*sknents and reser4t& The
committee meets on a tern￿ l)asis Frrm I Sepiember 2021 the C4¥nmltteè¥rril h•*thret mernl*r
Op•rakn C4wnmltt•r. ot Gmmrys it athises tr* BD¥d on all mattffs rdatrt to ¢aiitsl
dévelown*nL reactvle and ￿anDed maifvtrnan￿. m•intenarKe of the gro￿ Hurnan Rèsouro5. Networks
Seryices, cal￿11¥and healthand Safety. TI*crAnft￿ll¢eMee1Son atemifybasls. From Iseptemberthecommittee
will have threemembw¥ and the remil oftheC¢ffirythee*ill be tro*ler*d to ￿KI￿deCOM￿l3￿*.
(￿lsting offourgoyemw. and attended byth? Dirertor of Dth*lopment and the rn￿ber of the ExecuO¥e wlth
responsibility for the De4t1￿ThAt Offi￿. tt* Cornmlttee 15 resp)rtsitrAe ortseelre the development of a
fvndraisin8 stratwin4ine vmth the Found•KHfs 5tr*pcpkn, ￿￿¥￿tep11￿11iesfry fundraisln8siipporL This
C¢>Trmit￿e was disbanded on 31 AW 2021.
Remw￿￿CfjffknI1EQtt Conslstireoltt*fOwkh￿lB0ardCha￿S.thev￿e Chairandthaired bythe Foundation
thair. rt th"1se5 the 8wd on salalies and tondibons ofser¥ice fLY Foundation staff. teachers and s£hool< 5UPP)rt
staff. Tht committee has specffic responyixmy dttemii1M￿ remu￿170￿ d the Foundatlon's senior
¢)fficers. Tr*wnmittee meets annualv.
Th•Non¥n￿comrkn. cO￿5￿ng0110wpw￿notsand ¢tr41red￿theFoUndatiOnChaIr, it3th5estht Board
on the recru5tmenL selt¢tion and ind￿110n of new Go¥eM￿. In doing $0, it makes use of the policy on the
iecruitmenL selecvon and Inducuon gf ctynmltfft may up to three tirnes a year to consid
applicatyonsfrom Prgspth 8QVWrn)rs and undert*e 5￿cesSro￿ planning.
The eoèrf also rtcehttreports from The ￿ld￿ryTra*r< eo•rd Subsl¢laryTraIfj￿ 803rd has three DlrLxtor&
one of whom is [￿t a trustee of 5¢hooV5 Foundatfioft. The Dlrettrys arè respo￿lble for the leeal
L5F Shop Ltd
Loughb¢*ouBh Schods lntWn￿1oftaI lthryd•)l Llmbted Idmantl
The investsnent obiettwes are to generate the hi81￿￿ possible retums which Con￿ensur•t2 *ith a k)w to
meth'um lertl ofrisk. The Foundation does notspedfith tn¥est in ethiul in¥esiment&
The bulkofthe *hooW ptyrfdioi5heldln funds man* byth*sStsrdeyWealth Manw whoacl
as the IrNe5twtht athiser on trus e￿1￿1 d the p¢*tlth"a Tre majfrrity of the rnnalnder 15 rnanaged by C(LA
Investment Managernent Ltd
The Value of the wrtfofw inueased frtyn £4.145.(W to £5.052,tXN). course of tt* ye4r. The Firtan￿,
*¥ditand Risk Commlttee re¥iew7 ￿ K*rfomiarKe of the fegulth, FTSE 100, the FfsE All Share
and the ApaM5 Inthcesto bwKkniawk wrfm•Ke.

L0¥hbwugh￿S Fotwthio
G￿￿￿￿'Re￿rtU￿I Fincr*iolS(ureitsrf$
Forihe)*arern*d31 Awiw21121
Go¥*morf rwt itontrnued)
The G¢wernu5 have established a O¢cyon the holdin8of resrn. wfrdch is ¢￿ti¢￿ted as fd10￿..
A sum e9u41 to IOYS of*•rkir£ Captt4 wluthfty the 202Tr21 was deemed tobe E963.OY)
A sum no less than 5% and no morethan IO% of the dey"8nated in yèar CAPEX reqwrementwh*h for th?
year 2020-21 was deemed to te £6LCi
Thè total furds hdd at end of rewb.ry perifyy were f67.735.1KXI ar￿ of this, £55.170.tIX) wa5 either
restricted or endowed and theref￿ not available to be used for general purpose. The Foundation also holds
investments suffiaent to rnatth the restritted fund5 05 represented by the sUr￿ry Fund. A & P. M. Shepherd
Beq￿eSt. D￿n 8equÈst. Coltman 8eqL*St.'JohhnieJohnsan' Aw3rd F￿d. W¢knn Fund and vaiious prize and
5tholarslwhJnds.
The¢ombined rewirementofthefree rest￿ al￿restrICted1￿dslWtyAthereptlrtiNg ￿l￿Was£s,989.(￿x1.
As at 31 Awst 2021 our li￿d tW￿$were É11443.(W andthereftye poli¢ywa5 meL

STIATEGIC REPORT
The 19 pandemic continued to d￿rUPt the Operati￿ of tt* Foundatlort arld its sthoojs dwir* 2020121.
Go¥eMorswe￿del8hledtsl￿￿l¢0￿all pupls ba¢kontocamwsln September 2020,theflrst ￿me￿r5£hO015 had
been tceether as a t(ffimunity sirfe Mar¢h 2020. To erwe that trms could be done safety. sthrK45 and the
Foundation adopted 3 number of safely measures inchjdrt 'pupd b￿b￿e<. arfdriTo￿ Clean1￿ 5ta8gored
tlmdables for arrival departvre and mea tin￿5 and than8ts in the defp•Ery ofthe vxriEulum. Where requlred to
Durtry the se¢￿d lo£kth¥m annowKed inJanuary2021 ow Nw5eryand ￿NI￿garten 5*ttinB5 remained open and
the Foundation was F4eased w be able to ¢lfer • Pla￿ to the cknl(tren in otheryear wps ofall key who
requtred one. Our Dn-line learni￿ 5Ytr4islon Conlin￿ to de¥eky durfjryihe second lockdown, wlth puplls able io
The requiremeni for mass testmig of pu￿15 bef(ffe trelr retwn toxhool kn Mawth was rrt ty5taff from xrossthe
FourKlation. wlth all pwi15 able to rettwn on 8M¥dL
The cafKellaiion of pubfic ￿MInationS fty the se¢•KI )*ar Nnftl￿ dld not prwt ow Year 11 orbj Year 13
Is their capalth. Our conllnued on4ne le￿1￿ ttryhwt tht pandem1¢ meanrt puOls
did not mss any ¢urri¢uJwn content Cou￿ed the diwt Twork of staff in the ttrree 5eniorsthools to devdop
rerrt¢>w and robust a$5e5Stnert crrterta aNI exam1natio￿ ensured that puplls ztheved the GCSE and A.Levels
resuks tW deserved.
The finandal impattof the pandthcctyrthiued to be fell ty 411 mwnbw5 ofour clrnuity. In reco8nltlon ofthe
¢ontinuedfinanaal we55ure5 fKed by a numberof(KK f*nitses. in Marth Found*ion launthed the'completion
Fund, appeal within ￿ ￿tynnI Comnwnity. Ow Alumni reSp￿ded eenerousty. *7th the appeal rai5irq £44.000 In
doftations towards h￿1￿￿ pupls complete their ed￿all￿ in the Four*daOon's xhools. all of which ha5 teen
warded w cwrent fami￿e5 *eeypwithw fin¥rfial h¥¢tshWsas • resdt tsf the pandtmlG
The1￿4$receI￿ undutheCBIiSsd*rne in2019noand l￿d5 recti¥ed ￿￿o￿outtht￿ar undertht contin￿d
'furlou8h' arrangements SUPPOrted th* man•Att￿ent of the FoU￿18110￿.$ cash p05iti¢Jn. Repa￿￿thts for the CBIts
loan Lwn In A￿Ust 202L
•alft *Jmsf•rtheY
Desplte the d*lletw posed ty the Co¥4d 19 and doswe of thE khool% the Found*iw made
pro8ress toward5 ￿ priorit*5 agreed ty Tntstees tht ￿¥. Tl* m•ft alms ts the ye•r. t¢8eth2r %¥ith an
indi¢ation ofthe pr¢Jgress made. we:
To erfurethesafe r+Opera￿oI al four sthools andtherewrn tocampusof all staff and puplls
foll￿￿￿&the ¢losure5 rewired underv￿r￿nal measules to¢ontrd the paThlErnlc diseaseCo¥ld 19.
Tr* Foundatirm will conti1￿ tomonitc* compty with Goverr¥rnnt ryutstiofts as theyare
published. It is reasonable to elpell that therern￿ l*furthErdisrupknto artTrvities otthe
5th001s should lurthwloca natiord Measu￿ be Im￿sed.
ondoddittono15ofvy Trwsure5 *we￿Il￿P￿tt0 ensure thatthii I￿￿p￿re5 softly. ondqNe ¢onfiden¢etostoff
ondpupils ￿￿ke05 thty retumedto corn￿ 7honkF to the *rrkolteuchMwondsupportstoff tsestobllthl excellent
on.linepmvisionand our*e/M¥kersewThJ thesemrnlk*lAlo**in Jantsory2021 d*lnotdtsfuptpuplls'le&mir

Fowdurion
Stra1* Report Ic£*Xinued)
F4VihEN￿ endtd31 Aus￿1 2021
To address thefinancial impartof Cmid 19 on thè FouThlation and OJf familiesio ensure term
nancial s¢Jstsinability-
Theimwrtof the &)V￿19P0￿d¢t￿hOsbeen/¢tt￿011ports ofourcommuth. Go¥emw5 ore C*￿￿Of the
imp¢rton ourfvmil*s'ffic0m￿ ¢7ndth￿*￿ss¢$OThI th￿ro￿lityto meet5dty)olleeL This presents uchollenge
for the term 05 the Foundotijn bol>nces theneedto ￿￿intaInfteSot a levelv4lHch reTr￿1n5 offordubl¢
while qenerofyrnj svffiLientsuwlus to ￿S￿le0￿ oppr¢Jpriotelevelof investn*ntin ttochin9 ondfociliires. Tts
support this u gmup w4sest¢7blishedro tdenrIfyeff￿en￿e5 oodw*lermstsuving&
ro supFort th05efvmiliesfacingin1ffl￿t￿nUna0I drffitu1b￿ the F￿*￿)t￿)n kninrhedofvndrth"siThJ
corrwoign. The C¢7rnpletion Funduppegl, whKh rESp￿￿edt0 by ouralurnTh community wlth Krmth ond
generosity roising justunder£44.C(Q Th"s ljos olfv)wed 19p￿￿$ tscontinueto benelitfrom Ihe edutotion
provide¢l byows¢hool& Inthe loMJer ttnn. Govemots oreommitedtoseek￿￿ to to widen offess
to ourschoo15 to thosep(4*15 vthosep7rents knct theffhwnt#71means tO￿￿s￿O￿￿ee&
The widerimpvctolCowd4yn thee¢tJnOmyohd￿rPU￿￿tCQmm1lItrrty ￿"lIC0￿￿￿4e to l*feltirt the ¢omlng 12
months. #nd Govemots ￿*11 mtsnitorthdi¢4tots ¢lwssureM otto￿0￿lity1offPtrre￿ts0ndertSUfft the
Foundotion'splonnir4 osstsrnPtkn5prowdeAoro mryeolwiblexemrts.
Following a dwyon taken M 24 &ptember 2020. to ew in cor6ultation wth the Foundation's
teaching stsff regarthng a possiblewitlxlrawal fr4)m theTeacherf Pe￿on Scheme rtPSl with effect
I Septembw 2021. wth a defined contritrwb.cffi pen￿￿ sch&ne to be proposed as an
Tretonsuttation peroYlostedoversYidoy& t￿r￿￿j this the teo¢hers'representotwes4Mdgovemors
d￿(V$Sed0￿￿mtstrOI poMibleotternotivt5 to theprop05edw1t￿￿044rL Iiovir*J cons*lerEdthe ulternotives roise
in Februory2021 the Bcordo9reed to WMI￿rnWIroffl the YPSmJdofferon oltemotiV4 dqFned¢ontrrf>utl¢
pensi7n.from l Septemb¢r2021. Th￿de￿I￿ O￿there$￿se clsroff tsdetyfvdfvrtlwetsewhweln thls
report.
To Idersllfy op5￿nI￿eS to fwther 1rnW>bYt￿ wltyfe of and Indu5K*n. in support oltt
GO￿nor￿ Jm thal the Foundation and itsschoo15 should be a beacon fc¢ indusiwty. lfi particular.
Tnjstffts will seekto address the ethric ofthe Bwd OfTru5teesduri￿ 2020121 $0 that the
eoard refiects more ¢b5ehf the ol our sthool ccfflmunities.
Durinq2020/21 the Boord *tirk*d ￿th DrFx>nD *knmn*7nsond Drjeffery <}￿ye." ¥￿e￿e￿re￿perts l*y thi5
fteld,. who hodundertoken o revitwof mce0nd1￿l￿5m the Foundotign'sfOursch￿ts. Fol￿S￿n9 this
revrew ofj act￿nPl0￿Iorthe Foundotm. 05 *ell0s specltKplonsfvreach 5clwl. *tre gqreedby the &Jurd.
The￿tIon Plan in¢ludedcomrnitrnents to stoff trolni￿. dthtl￿ntDSfvrtherdOf¢ ond repjrting onpupil
Schoolstoff haverecewed tminingon rocevnLlinrlusthi. A bknkAknnNw Group"hosbe¢n estobiishtd JtLHS.
ThegrouA ￿kh w0s1orr￿frofft the *wkof block#lumni kn5tstsmn7er. meets re9ulorfy b••th theiieodond
othersenlorsroff 9ndprov￿e$0l*ke 0ndc¢*￿¢n￿tl￿l*0f wue50f roce. TheSchoDlisseekrng to
wftden thepoffio'potlon in this gmup to theotfierscht￿s in therornuvj yeor. The 8crfJrd remoins committed to
ensuring thotitrefvcts ¢hed$ve￿e comThwnitysemedtyourschoDts in its con¥wtin. P￿9￿$5 0goin5t
the Foundot￿n pknis monitoredoThldrscussed temify ty the C&)mrnitte¢ ondeoch SdJoolprow"des
scnrtiny to theurtbn5 ondpro9ressinindwnfwlsolco&
To develop a dvdital strategy forthe Foundati¢x4 to allowwr pupls and staff to zccets tethnology in
support Ofleami￿ and to Contin￿ io buld on the wo8ress rnade use of te¢hnolw during
thetime ot le•mi
The &gitalStrote9y wos dVscuss¢t¥ortdogreedbythe IieadsoTrJ ch￿I￿r01{￿ thisyeor. ond
tlje G0ven￿r$howe opPn>￿ the hd9etfvr thefirst5toge. Thestmtw wif1stec¥￿ tt1t￿eprm￿onoI
dew¢esfor teache￿in o115thwls onduAgrthles to ExiSt1r￿ hprdM7￿.

Fwtht)wended31 A￿￿12031
supportforollpuwlx
Th15 WE75 1￿mpered ty tl¢oTrgoingffeJtrkT•xs Iiiiemoiimol tmtL Tlje Fo￿41t10￿ hoscontinuedto
fvsrerlinks fft Clwno ol￿otherC0UrtTrtts itislwed ￿p￿0￿de thebo5tsloro mamin4fvlportnwshWin
8LJsrd Committees. 7he rewew wostt•*Kltsded1ftMo￿h 2021 on￿t￿￿ Boordogreed the recommendatsons outlined
a￿. The aiffl ol (hry5 i to wDWde Usn￿l￿80￿I￿f. tofvrmitgtefvrtherdeiwte ¢7ndthu55lon oAiuue4
Aftuconsiderin8 numerous option5 * both Inryease kKome and/ ry red￿e costs. the Board rnade the
declslon in Sept•mber 2020 to enterlnto con%J*ationtO I￿raWfr¢ffi theTeachtrs' Pension Sthtme and
replace it wrth a private peMM $th￿e a¢knlN5tered ￿the Avi4 PensionTru#for kndepeTh*ent Sthools
(Avnsi. This stheme is spKifi¢to the Independent Sthod seciorand probldesstsff wlth a competitive
defined contrilyJti(m p￿S1on scheme. The conlrribution into thi5was a5the ¢qu￿alETrtQf
16.5% the sarr* le¥d a5the ¢ontriixrti￿s intgTPS wior to the2019 itrease.
The decislon to enter Into consultation was takth Informed by con9dEr4tion bothof the ¢urrent and future
pension and tr* FouTrJatit)rfs IOyearfinaKial plan. This pl•n indica*d that was a reed to reduce
The Foundatin Tmthtrewfr(￿ the TPS on 31Wst 202L
(kn 12 November 2021 tr* $￿￿tion aTrMLNtrxed an 38rewnut to opera* a tandttn ￿sion sthemè f
teathing staff frarn i September 2022. This will allow te4thln8s￿ff emplo￿1 ￿ the FtyJndatloTh before l May
2022 to £ho05è eitherTPSorAPTIS a5 tr*ir pen&on scheme on a-totsl reward- basi4. TheTPS 5th￿e will be
Thefinancr* achi¢vthMntsand resdts fiAtheye3rweTe vnpatted bythton*olr¥CoAd 19 pandeThc' irnpactof
the second'lo¢k dowrf In early 2011 and fv addStional costs a55(Kiated wilh ensurimJ ih•t our schools operated
safely. The levd ofxh(K4 fee5 Inuea5ed ts£29.584.(rfX>IÉ27.8S6.(m Inthe wevitsusyearl. CO￿ sa¥iD8s achleved
durinBthe sttond k￿d0￿m wtte passed ioparentslntheform ofa credit a8ainrtthe5ummorTerni fees. The totsl
value of trms ueditwas £3￿￿xI. and Inckxjlw 8rant incryne the Cor¢mavlrus Job Retention sd￿eMe iaA51
of£219.1)X.
Total resouw¢tseApthded irKreased troffl £3L46Z(W ift tr*w•ryousyeato£32W5.IXX).
Thenetloss telc￿ adfvstrnentsts IrThosknents•d fu￿￿yearTwos If97Q(xKII. Capitsi eX￿dItyAre was
£1.093.$￿. Cash In h¥410Trl * bank increased Ircth £4￿.C(￿l in the prewyear to £6.39LIJJ).
LSF Shop Ltd Oper￿ In the Auiwnnterni thmh IAThtedsale5werereswhed in August IQ20. A surplus of £69.fXKI
was wfted to the parent tharity. The wfrwmance ol the subsidlary Th￿0$ Burton Developments Limited, wa5
like￿$t •ffLXted bythe restrictions in place ihffjugho￿the year linlteil the use ol the Ch¥ltVs factlityes by
external hwer5. Meani￿lhal in¢¢me frorn thelettin8 of owfKilitles was yeaty reduced. A programrne of holidav
oursés did resu￿. and £49.LKAI was ¥ifted to the parent tharity {a dttrease on the previous yearfs Blft ald of
£80.Cml.

Loughbmsh FouRdori(
stratw Report Icontinued)
F(W t￿51 Awi2021
Dw•lopment Fundr4bl
Loii8hbtyou8h khools Fwndation bef￿Ve that fwrftraisi￿ the SCI￿1￿ cwe comn¥JAity Ipartnts. alumnl.
5tsff. 8overn(ws andfriendsl alon8sldethatfrom external compan*s. tru5rs and foundat￿$ is essential to Increase
the financial ￿SoUr￿ wuired to achievt the LoLqhboroL¥h Scho¢ls Foundation's tharitatAe obitCtive5.
TheTruste5 Iso retogni5e thatfvndraisK* adivilies must be done in suth a wJytoburfd and maintsin the trust of
ourdonors, pupi15 and parents. As suth ￿ set out our approath to fundraisi￿ in ¢)ur Donor PrL¥nise. This sèts o
what we will and wll not do. iKluding t(xnmttmerts to fundraise onty for pwposes aligned wlth our charltable
objertl¥es,. keep the costs of fun(traistrvatoa rninimum to be tran5went in t#)th the useof fundsiaised ènd the
costs associated ￿thfUndraiSiry aaimty. Further detailson Inc￿nereceNed from fundraising can befound at note
3 in the ac¢ouThts. The Foundathon is re8i5teTed wrth the ￿ndraISing Ae8ulètOT aThl committed to ccffirlying with
the Fundraisi￿ Code of Practice. The Donor promise also makes de¥ the Founthtion will not wdertoke exce5yve
communications. ccrfnmuni¢ate in a way whith cO￿d pressure donoT5 Into 8i¥iw or Cont￿ or ¢omrnuThit4te with
doners where they hase asked us not to. We do pay commissions tr other irKome-linked payments to
fundr*sers.The number of offi¢id Cgmplaints received in the year relatity iofundrai%tY adiwtywas zero.
The DeveIopmentOfficehasestab￿Shed a database dort17.(MKialwnr4 of ourfourschools in thelocal
¢ornmurity who havehad in¥obrnnentwith the Foundaii0rf5
The continued restrthons in ￿l¢e as a fesult ofihe pandemic ￿￿e sernety ithitq.ted the work of office and its
3bility to hojd events fe¢ alminr and thjnors dwing the year. Pl*$ are in plxe to recommence this aspect of the
work of the Development Office in 202V22 •$ restriclicn are lifted. A new Director of O￿lopmentW111 take up the
role in Autumn 2021, and wll work de*h)p a dear Stra¢eKy to meet the fvndra15i￿ goals set bv
the Bo¥d.
Pupll Numbers
Average pupil numiws in the year ¥vere 874 at Lo￿hbor￿ Gramrnar Sthool. 544 at Lou8hborthqh High Sthool
531 at Fatrf¢dd Preparatory khcd and 2%) at Lou8lknrough Amhetst School. An ￿er4e of 102 children a150
attended the Nurswysettin8 tkYou8hO￿ the￿ar# equiwdlent to 64.7 Time PL4)iI
rul￿On fees were not intttased foi tt* 2020nl academK Year. in resp)￿e to the financial pressu￿$ on partnts
arislne fr¢Kn the Comd pandemK. The trlls wasa loss of f<￿e¢ast int4Jme of £l.I M￿l10Tr for 2020121.
Tuition fees ¢harged durity the by thè Gramm¥ khry>l Whd trfj8h s￿￿01 were E4.460 per term for year$ 6-9
Ivear 6 only at LGSI. £4.5CQ per temi fw years Il>ll and £4.520 ft* year$ 12-13. At Fawfield Preparatory School
lees were £3.660 per rerrn Ifull timel lor ￿ndergartery £3.770 for Pre-Prep and f3,850 for Prep. At Amherst the
lees We￿ £3.410 Fer term Prt-Prep. £5,4￿ per wm fry Prep. In the Senior 5th001 fees *tre £4.2SO wr terffl
for years 7-9. £4.270foryears I￿11 and £4,310foryeaw5 12-13.
Acadornle
This academic year has been urwetedented in the history of Fo￿datIon.S Schoo￿ The eontinued pandemic
restridion5 and sèr￿d national l¢x&down meant that #aff and pupils had to adapt to rtLW ways of learning.
Governors are proud ol the ￿llier￿e and cre3ti%ity shown ￿ our stsff and wpils sn adapting to the challenges
posed bytherestrictions. l)urswbremote￿arronqpr￿iofi in alIf￿r$Chu0ISÈn$Ured acontinuitygfeducation.
Tèathers and pupils used Teams •r*l Dther remote whnology to w9￿￿e a fum timetsbje of learning while schools
were closed. fequired to Isola￿w¥t able to Conun￿ toa¢cessthe excelent levd of education provided by
Iheirteachw5.

FLwtht)￿¢rn*d3IAtW￿1 2021
thecarKellation ofGCSE ar¥Y A-L￿le￿ar4Dl￿fj. De*lopiry rolw5t and foir sy5temstoenswethatpui*ls'efforts
and abditie5 were f11rty￿Tded.
The ￿adeS awarded wder th.is ¥earfs arra￿ments rellea ts re51h￿¢t arrtl hwd wtyk of our pupils. and the
commitment * supyt of thew parents a￿1 teath￿. Pupils In al three schools achi￿ed fe5uIts above the
national average.
. 68% ?t A• A and 87% ofthe
pas5e5 weweatA'.&
AtGCSE 22%ofthe passe5 were atA•1941 yade. 4YA rfthe pa55*5 *weA•IA19.71 Krnde and 93% ￿le A•IB19.
and 93% Of￿ pa55es were atA•-8.
At GCSE 64% althe p3s5es were atA" IM) 8a•f ihe pa55esw¢re A•/A{9.7) Irade and 99% **reA•/B19-
51.
', 86% of tr* passes *pre atyadeA'IA and
97% of the passes A"lB.
At GCSE 71% wereatA' Iwyade. Is%￿11* p4ss•5 ***A*IAIg7) and 99%wereA•I619.SI.
De5plte the extraonknay dI¢￿n￿an¢& of 2021 wblic e*amin*ion syst•Tr. and the late £hanp In pol¢y
regardingtheawardofw•des ow p￿1$cOMIn1*dioachleve￿CfesS in sÉrurirepl%esforfurtherstuty. Ofthose
applylr¥ for unfversity pbaces in 2021. 97% ot HIBh 5¢hod and 88% at Lf￿ghbOr0￿Sh
Grarmiar khod wtre $￿cesSfv1 In obtsfjniry *ces* thelr first￿￿Ce InstFiutiOn.
We continut to sucttssf￿ Fvepare puplls tr the rnost unfvtrs11*5 al￿ cryrn5. kr05S the
Foundation. 21 pupifs ha¥t gor￿ on to siuth medtcal @rees {rnethcine. dentistry and b*terinary scien￿5) with a
further 12 5tu*'ng alr￿d courses Ind￿&￿¥ rljrsl￿ 136 pupi15 gone on to St￿ at Ru55ellGroup Universit￿5
ar￿ 9 pupils ha¥e taken up places at O¥bridge Colleges lo contiTruE th•r st￿11e5. In addition pupils also ge¢wed
pla¢es at westqt¢usirffjtrtiffjons to stutymusicand drama. iftduth￿ the Royal NortherCdleBe ot Music.
SPOrtsfiMtures. the FoundatiM instead prtr*ded a focysonlndfvldual fitne55fLYal pupil& bE¢omir4one ￿ thetlrst
Schools in the UK to partrerwith F￿￿tiOna Mo%*ment stsems IFMSI. Fmsare le3ders in ihe field of movement
The alm of ihe wtyramme Is io ￿1P all pupk urKlersrand how thry ¢urrenty t*rfomi movements. and IMw¢￿,
thereby impr￿1¥$ thw frtne5s and a4•nst ihjwy. The s¥oyarnme wa$ to all puplls duriTrJ
2020121.
Our muslc department were W￿l￿et0 tl** usual wie5 of coK•ts. due to rnstrKtiorfj on both audierKes and
gathering ff6em￿es. The ueatiwty a￿1 re*lience of staff alowed them instead to move to a serie5 of on-jlne
fom)ances. Puiyls from across all four 5chL** aNI al age groups were wovlded Il* opportunrty to perform in
the on-line Ad¥ent Calendar in Wetkly'lunthtw￿e Ir•*' •nd Sour￿ bite5 Concerts. Pupils continued to excel In
eoard eiamin*iorsand ouryear 13 ffluskians seartd places4tanLThberofpre5tiVUS inAitutionstofurthertheir
studies. indudlry the Northem Colteee of Mu* arnl 5cholatships at Trlnlty College and Worce#er
CathethaL
This year ha5 been year the FO￿1*10￿ has p￿ded a wJar¥ntred Year 7 pla￿ for all wpils in
Year 5 by ihe end of the swnmer twm. This apswch demon5tfates the v4ue ofthe'T*hole Foundatiorf approath
to pupll de¥*lopmenL and femtyes fv ¥￿taIr￿and •550&tEd anxkty loryear 6pupiis habinato$kt the Ye•r 7
entran￿ exarnln0ti￿ Under these re￿Sed ar1*￿e￿ents 5d￿th"p9 *ill be awafded to Faknelds top three
li

LoUghkn0￿hsc￿LVlS Fo¥ndtyio
Stratffjc R•wt fcontrnuedj
FLW flyiw ex*dJl Awi202J
perfofmlr8Year6 btys and81r￿forti￿hboro￿8h6ranynarSth¢ol i0￿hbL¥￿h Hithsthool. Thesesix pupils
will subsequently be known as the'Farfield Schofafs..
The Foundation is an equal OPPL¥tunities ems10￿. a)d has a respffis*le approath io efflpknnent and Social
legislation. The Foundotion met the 5tstLrtory reqtsirements to provtde a report on gender pay equality and will
continue to mwiior tr#s ¥ea and make thange% and where thw are practic*)le.
The Trustee5 pleased to note ￿ continued prouess towards the gènder pay gap. with a ￿nt￿Ued
yearon year redurtion in both mean and medkin measwes.
The Foundation wek&rn applicati0ft5 ￿pIr•Thnt from th5*1ed person5 {ha￿Thg re8ard io theff particthar
aptitude5 and abitstiesl and a￿Sts. whe￿r practicable aTrJ ta￿'ry intoac£ount HR best practice. the recruiknenl
trainin& career develoryneni and pr(ffiotion of disalW peoF4e. We seek to ret•"n. and as appliCa￿e train or re-
train, those wtho becorne disabled during theii employment
Where an empltrfft becomes disabled. all effwts we made to try to ensu￿ the employee can continue In their
current role ihrough adju5¢ments. Ho*ever. rf. due to tt* specific ortumsts￿e$. thi5 is not PQ55ible. every effort
wlll be made to provide retravi1￿ for thm*ive anploym￿t ¥Jitlun the Foundation. The Foundation remains
sup￿￿rtI￿e gf ts emksoyment and aoknncement of disa￿ and en5ure5 its WOrr￿0n and recrultrnent
pradices are fair and objthe. The Foundation encourages ihe continuotss d￿d0p￿*nt and trainin8 of its
empbyees and the probqsion of equal OPPMunities lor thetrairwn8 and career de¥eloFrnt of all empJLyees.
The Foundation 15 comrnfttrd to erw8ir8 its employee5. A Variety of methods ¥e u5td to achieve this.
1ndL*li￿ team meetinBs, Common Rotyn lylefir￿ and tyJr t7*rt slaff reryesentstwt 8roup% the Teaching Staff
Representati¥es and the Sukwrtstsff Represtiwves. These Gr¢xw Meetth￿timE5 a year ￿ththe Foundztion
Chainnart and St￿ as a MeChan￿M by I￿*h repres￿*￿ can i$5ues armj ¢orferns directty thE
govwmors. For 2021l22thi5appr0￿h be 5upplementedby staff eryagemertt committeesin eaths¢hool. wiwe
stsff repres¢Mati￿ meet with the Ch•r ofthesd￿I Board to raise and 0￿US$ ideasand iss￿.

Gfftnvs.Re￿rt￿lFDW101Sf￿trnenIs
FLyfy*￿￿ethl5I A¥￿12021
The arr?ryrnents for settir#4 the pay and Telnunuatlon of tht ch*ltrls man4erMnt personnel and any
benchmark8 parameters ¢Y ¢rlteri• used in settir#J they pay ¥e detailed in note 8 In the note5 to the financial
statemenl
Teather5: The schools Paffjapats in a defined benefrts pe￿10Th stheme. the T&ichers' Penslon
Scheme IEnglaftd and Walesl ITr Schem¥l, fty its te¥hI￿ stsff. It bs not ￿ible or approwiate to identify the
assets and liab¥lities oftht 5ch•ne. *triLXrt•b￿ to the 5ttrthl>
The emplO￿r Contribubon rate fty trathers fty 202W21 wa$ 23.68% I1￿￿1¥re ? O.OB% •dmlntsvation tharBel
12019120 23.68%). The LThF4otr*e cont￿b￿lI￿ rates wied from 7.4% trj 11.rn Tr* avera8e rate paid by LSF
tea￿l￿Staff was9.Th. Thepen5lontharyefortt*yearlndudes￿FobUO￿5p￿tye10the￿fvemeofÉ1S34oo0
12020 £2.49L(KI)I.
The Foundati￿ ￿te&theT0￿Chw¥ Pwfjlon Sctr*ne on 31Aw5t 2021.
NiTrT•theTr: The LSF Group Personal Pension Han 15 operated tyRryal London. ThtyensK￿ char8eft* the year
inchths contributions paya￿et0 Ihe persoftal penkn plarfj 01É454.CW.
Fulurp Pla
The ptarf for tt* year. *ve fOr￿lty by the Board in June 2021 arè as
foll￿.
Stabillty.. Fdl(w*lw¥ tW0ye￿ of th5ruplion to tre of owxhod% to prvAdt a
on the I1•￿0&￿ent of individ￿1 schod5during 2021122 and 2027123. Thts ￿11 Indude
the dl￿10￿7￿{tsv l*ad and Sthool BO￿￿) d5th¢yol strat￿ Plon
Toensurethat the Foundat1￿ un(*rtakes a thwh searth and sele£th￿ processto Identfy and
appoint a Head of Lou8hbtyffleh GrnmmarSth00l and erfjure5 and effecbb* tran5itioD
fr￿ Inttrkn Headmasier.
during the interirn Trr.
To ensure the FU￿dI￿On actstoaddress fthn¢i•l p￿ssUre5 xitoAsagreed 0$ parr ol the p95t.
Covid re¢¢Mrystraiey.
Fol0wlnEthedlfficu￿ woposalto withlrawfrom theTPS. the eoard b5
coThmltted to iden1ifyrf￿ and inW•nethiw to iTr¥Y￿ thè¥i5lbil￿xftd en8a8emeni ofthe
Govemiry Bodywith an staff. Tr*TeacTr¥￿ W in eath sthool wll meet relulartywrith the Schod
Board Chair. Fouftdation has a150 entered rntoa *4vn*recL¥nilron a8￿efftent with both
P4ASUWT *KI NEU. ￿ two ￿kn&*hkh rffjresertthe8reatest nthnbersofteachin8 staff *ithinthe
Foundatlorfs School
Embed rth15ed commfttee strKwre aThl rolesa8weed iheG0¥eMa￿e Revlewsuch that
the newmodel isfiAtyopts*ional ￿ Semwnljer 2021.
En9Jfe the5chools arrfl FI￿ndation t*eirysit4e a¢thn to b￿* mfftdiverse IrKIu5r%*

L4u%htxwh Schools Fowhthrto
Strtt¥K R•port {¢ontsnu¢dJ
The trustees are responsitAe fortht idèntification and management of the risks faced by the Foundation. includine
the in(livwJual 5th0015. The day to day management of this requiwnÈnt is deleBated to the Firtance, Auditand Aisk
Committee. Risks are idEntified arKI assessed: and contrc4s and Mnprwrnents are tstauished. W￿re p959ble. t¢
mitiwe the rlsk5.
The tru51ees havea riskman¥ement wate￿*￿￿Ch ¢¢m
a diffe￿ntI*10n be￿￿en strategic ar￿ opwationa ris*s.'
clear man4ement and T￿teW responsibilities lor ¢p￿tiOnal ar*J strawc risks. wth fwst Ilne and
second rewew Te5ponsstxlities ￿entified and ryEed;
temily review of all risk5 by the Executive IOpev3tiona Ri5kl aThJ Firt￿￿ Audit arnl Rfyk ComrThttee
Istratewc ￿"SkI:
clear mechaniyn l0rthee￿atitsrt ofiisls to the Go4trrir* Body:
the est8￿•ShMent of polic*s. svstems and io mityte those risks identified. and
the implem¢nMion of W¢Kedures de5ened to minNnise or manage arty potentlal nnpact on the ¢harlty
should those risk materialise.
TheTFUStee5youp risks I￿0￿￿¢*¢8￿]es".
Governan￿-thoS¢rISkS whlth may ¥isefrom the directiw dt05ion making ¢xcontrolenvironmeTht For
example. the risk that governor5 or those (harled management may take a risk outside of their
authorfty. C47nirols include tre Foundation's sty•teey. inftyms detiyon makiw an established
8overnance Str￿ture and a dear distinrtion between gly￿￿￿¢* and executive managemwt.
Re8ulatory- tlese are risks T*hith rdate io m*ket and envtyonmtnt in which thè Foundation
operates and 7•thich may infiueft￿ our stsket¢(4das andlor the Foundation's business model lè.B. èny
change in req￿alOry en*ironmtntl. To rnawe r￿kS in this are4 the Foundation has established
mechanismstoanalyse forecasts ofwential charw in thetharitabIeandeducat￿n seaors, with the aim
of anr1cip3tl￿1e8L43t￿ tharee and imklwnentiw any rni1wl￿ adiors.
FIna￿la1- those risks wthh relate io TrrKorne and expenditure aTh4 may impa¢t FouThtatiorfs fin•ncial
5UStalnability. Tomanagetheserth the F￿ndati(￿ has est3￿1$hed a Ioyear financial foreca5tin8 model,
which enatdes it to ihe impart of any charees to its irfwe or ￿pendi￿￿e and take appropriate
arti4rL
Reputational- rlsks to the reputation of Foundation may arise from the defisions and actygns of the
Foundation. those employed by IL or wpt15 at its xhoots. Shuld a reputational risk arise it coukd have an
irnmethate or kn8-ierm impxr ty¥ puFil n￿nb￿s. and thereftre the Foundatiorfs finances. To man¥e
these rlsks the T1￿￿te$ have wt in slate apprwote pokfje5 arrtl o¥vy8ht methanism& intludin8 lor
academit quality and safe8uardin&
Oper3tlonal-th¢>se risks arisirefr¢m dtyto * ¢jperatiO￿01the F￿ndItion and its Sthods. and u5ualty
related to an actfvity vthsch tannot be avoided le.& security. health and safety). These risks therefove
Tequiie actl¥e *)d on*oirgcontrd tythe exe¢utl¥e and othtr managers. Each risk Identified 1$ owntil by
a speiified member of the exe¢ubve and rnonbic¢ed on an ofi-8ty￿ basis ty t￿)Se thaoed with
mana8emenL These ii5ks aR man4ed ensurin8accTeditatTrtill 15 UP to thte. haviry rotrA*t polic￿5 arnl
procedures In place. and reBular traini￿ for staff working in these operèiional areas.
Separately dull￿ 2020121 Tfu5tees devoted spetific atteniiort to the reputational and financia risks arising from
the industrial attion by teaching Maff at LoWbcfou8h Grammar Scl¥)ol. It has made all necessary regulatory
dlsclosures tothe Charity Commission.
14

GOYnkw¥'Re￿l1￿￿F￿￿￿￿ls&7￿ttwRl
FwthtJwen&d31 A¥￿1 2021
Ouf comrnunitymustaWkn)k tXrt￿dId5 andsupptrtowwidertornmwxtye5. While the natknal restrfj¢UoA5
imposed ir¢ response to thepandernic cwthiled some planned acthitles It also wesented r*w opportunllbè5for
our sch(th. pupils aThl staff to seM the wider coo¥nur4ty.
.The ¢(￿mI that o%n￿le￿ with the thrty Sectlon 4 of thè a￿lI1e$ Art 2(X)6 to ha¥è due
reg3rd to berbefit ￿￿15￿ ￿ the Chiti CoMr￿ssI￿) In ￿ter￿￿1￿ tre atll¥lOes undertaken by
the Charity.
The rayofthe *r41ty. whkh is definod as pd>k btnefitis asfollm..
The G¢J¥ernors are conscious of the tsadition ofcharitable pfobislon, knthe fomi of trNsarles on ihe
part of the LOugh￿O￿8h Foundation aThJ have mlirtsi￿1 the stat4f5 qULI. These awards are ffin•￿ed
main￿r thrO￿h g**ral fee irtcffje. holfftv thls is •wnented ty the Ir<on* dert¥ed fr¢Mn a small number of
bequèstfiJn¢
The Schools whKh frym t￿ Foundatiort hwe a v•d-estsblished trathtion of pl￿￿1ft8 excellent edutational
oppomnitbe5 to children the lo￿hb￿￿1fv and *ider Leicestershire Th. Gobwnors ranaln cornmltted to
taki￿aCtIOntoen5Urir&lhètSUpPort￿s avarfabletoth¢)se pup1lswl￿w0y1d berrfrtfrtyntheopportunitle5 provlded
by Ihe FwrYlotron'sxhoo1% Tmhox P￿nts rnay Ixk tr* finandal means to meetthefe*5.
l￿.t￿rn F￿￿latiOn ￿￿￿ries15¢1￿lA￿Sted Pla¢eslSAPsll ¥ewR1lal￿etoéntrants1oArnher5tsch0o1.
the fyarnm3r S(hrf4 and thè Heh Sthool, T*ho meer thegeneralertry requirements at the point alwhith
Iht pupil enters the school. These aw¥th are made on the b￿5 of parental means and involve an
a$5esSTr￿ ofthose mean& the ytar 141 pup1$ received ￿lS￿nCe amouftiire to £1.1￿.(￿). Of
these 27 pupils ￿te￿ed ICOAlee refflssiM. The aw￿ we S￿>1￿tt0 annual rwew, and meanste51inB.
A further 43 pupls *ve *0 mea￿te5*d ffftantièj assostsnce in hardship bursarles
amounting to £151,LNJQ This assimance was awarded in tircwnstance5 in t*thich it w•$ believed that the
ist•rt¢e ¢otsld be requwed for kn than 12 mt*)ths. aiitrwh on many occasfjcfft8 a I0￿er period of tlrne
h45 pro￿d rttessary. A relatr¥elyhp8h wopwtioRof thesepupjls haveatsobeenAiventotal fee rwniS51￿.
This number is intye¥sed the F>rthir￿ ￿. relleclirythe ¢onOrwJed bmpa¢t of the lockdovm on t
f￿?￿131 dr￿MSta￿e$ of tyJrf4ff•ht>
£55.oxI of the abtht harfshlp award5 wTh4ded knrnediats aThJ short tem) for 23 wpls of f3rr&lies
whose in¢tsw We￿ affected ty the ParthM￿ £44.OtKI ofthi5 wa$fil￿dd*ecty ty dOna￿On5 math to
the'Cornpleti￿ Fun¢r.
Part of the firtarKial assistrrKe prrylded bDth to those on lue-tffm and 5hkvt.term Foundation &4rsarles
irKluded assistance to*ards Induding tran5pLYtat¥onand school unllomi.
Addiltonalty. zfvrthtt£12,(AXlwasa￿NIed ￿thef0￿1 offinal￿*Z$S1rt•neett*laIlheab1￿ePUPl7Sfro￿
desiBnated beqwtfunds.
The fwdures whith hwe been quoted In the we(*dir6 p•t ofttms sttfjon ￿ the thrert rosts ol
fl￿ntIaL assistsnce on a mean5-ttsted bw to pupils: these**ures do not Indude the stgnificant costs of
thèmanagementtime *¥arious1th￿￿ofdeèknry 4%Ththand w0￿￿1r￿lI* wards. orthe¢ostoftar8eted
erknsin8 vha¢h ihms t05Umul* apWKatson$frthm thoset*h￿> are eligible.
Thetotal am¢xmtalmean>tested*s6lance w•s£L278.(W. Trisa55iStar** wasmadeavallable
to &22%ofthe pupds and repr￿ts v4eral 438% oftr* w11lonf￿ Income.

GoYemys'Rew1a￿F￿J￿{￿lst0*￿rfs
ForiJ* Karendvdjl Av£uri20?1
Strate8K Report I(￿tinUe￿j
In adthtion to means tested as¥Stan￿. the FoundatiM also makes a Imnited amount of fvnds available to
rec(8ntse its stholar5.
The total anount of assistsft￿ Imeans tested aThl scholarshtps cixmbinedl, exdudift8 staff fee
rernisslon. expended duriry tl* yearwa5 £L38&CiXJ. Th￿ rewesents4.75%of the DJitson fee lrfome.
Edu¢atlon•l
The Foundation hè5 continued this year to widen its educational resources and facilibes. tsy brin8in8
i1￿ePendent and state sth¢)rA ¢ommthtses t¢yher.
Arnher5tkhod cwwnued its ¢wtr*athwtyk*ryth altyals¢tondaryschLTh)Itoldenth*Vear Ilpupits %tho may benefit
fonn the educatiortal and co-turrialar arti¥ities of the 5thoS, bjt who otheYwi5e would noi be a￿t tts afford the
fees. As a result of this (xrtreach a rNmber ol pupils h>e rec*ved ffianual supwt ￿lOwlre them to ènend the
Schoof5 Sixth fonn. and hm athiEvedCO￿M4•r1tye su¢(ess. indulti￿ up plxes * we5tyl¢y5 uni¥eryitie5.
Our commitmeni to ￿arnIng extends *ond pupLs th attend our schools. The Foundatlon supports
eduCatiu￿1 inittatives In a n￿ber of local 5chod& We telle¥e this intertharfe $5 Mutual￿ benelkial proihdlng
opportunitie5 fot an extharge ol ideas betvfftrt our staff *d Ihose 7wtykin8 in local sthoois, and for our pupi15 to
mix, learn and work èl(Myide pupils sthoc4% develop their •areness of the widef community In
whith they live.
Though these activit"e5 were limited 2020121 ty Co¥KI re5trKtiOn5 in our 5thool community. th05e
Schools we would work wth. Amhefstschod was deliehtrdto wekomed puy15 from local primary schools to
the annual debatin8 day. Part of ihi5 evait in￿ded in debatyr8 frrttn Amherst Sthod staff In advaNe of
the event.
As the truAees of an educatlon chadty. Gobtmtrs retognlse the importanct of sh3rire not onty our phy￿C31
re5tyJr¢es. tsjt 3150 the expertise and experience of ow strff. to supp)rt local ¥ho01s *bd other ¢wni5ation& In
addition to the many rnasterclasses and other ed￿ationaL aai¥iti¢S detivered teaching staff and pupd5 at the
sen¢or sch￿15, the FoUrKI￿10Tr supports Its Staff in sUp￿t to other 5¢h¢)015 and organisation. These
actiiities indudesupporrin6teacl￿s in loca15choolsand ￿PP￿tir￿thede¥e1opW*ntQI new teachersand teaching
$51stsnts.
Thi5 approKh to partnership Tw0th￿waS refittted In other aspÈtts of ow W¢*rk dwiry 2020121, Indudin8'.
PGCE students - a nurnber of U￿ver5111es *ve slJPPOrted to undertake plxanents at our sthools. Thls
requi￿$ a commrlmrt of time to sUp￿rt those trainty and to repDrt as required by the placement
proBrnmme.
Teachlng apprentices.. The Foundatson's Swt Dep*tmenL sUp￿rted bystsfl at Lots8hb￿h Gr3mm¥
School. Successf￿ly SUpp￿ted an apprentKe PE teather thro￿ the f¢>Trnal qualrfic*ion to achteve
qualified teathin8 5tatU5 while tsenefit1￿ from the hand5 on eXperIe￿e of workirs in our schwls. Thls
programme will be coniinuedin tt* 202Y22 a¢addnKye¥.
A number of teachirg and support stsff are supported by Foundabon to bt$ovtrnors at local s¢hod5.
The Foundation allow5 them tbme to fulfil their dut*s. As part of INS commiknent to yJpportin8 the
overnanceof otl*r schools the Head fAPrepaTrtoryat whbor0￿h Amtrerststhool is 5UPPQrted bythe
schod in her rc4eas Fourtdaiion Director ai the St Ralph Shwwn mdti-pL￿etNYTrusL
16

Fortht)Yoren&d31 A¥￿12021
L5F is a well-e*a￿lshed ￿ of cornmw* of LO￿ts￿h and Leke5￿￿1￿ and fIthe￿ the
FOUr￿atIon caftsupportothwpwtsofthetthThM￿tty. itisdel¥htediodoso. LSF ¢ortributesfa¢llltses arnl expertlse
in the area
Musk
De5Vte th*nts and bel￿Or￿eNedd￿l￿8 tr* pantsrlc the Muslc departsnentrWe￿ dell8htedto be
able to pro¥ide suppryt to Rainbm Howtt on4ine (hristiNs tMc*rt.
Throughout theyear. LSF made 5ts8vThwthandfvdHiies avaHab*freeof chaww tOIL￿ 8roups soc*tses and lttal
tharities, many on a **kly basi& In 2020121 these I￿uded.
Qu¢)m Football OubJuniN5". foo￿411 ptthes fortraIr￿ng and matctr*s
L￿￿hboro￿hT0￿ Qi£ket.. Prttt*s at LGS and Quom fw matshes
LouKhborwth Urriver5tty. AuÉby.' Tournament•nd srflal. (awt rth pltches and pa¥fjliorn
L￿￿b￿£h BadThynion aubljunltysl: LGS Swrt5 H
ArmyReserves: LGS Sp(Yts Hall. Use
5e¢urity. caretakn.ng and e4ent $￿p￿t It itsown ￿5t..
Tom FIo*ts Cricketcamp: Holt* ctyrn LGS Sports Hal.
LAMOA Ews.. Reot¥l Hall
LSF i5committed toen5win8thatas￿l as pl￿￿ngacIdemited￿ca1l0n, ourpu￿"ts leamthe inF4Xtan¢eof ￿a￿ng
yosityve fole In thelr (￿nunity. To this erKI. ¥R prty4Trde mary ¢pportunitie5 for staff and students toeniage In
¥olunt3ry role wrfihin ther￿Munity. ir*JwJiwwith 5coulir% •ndGirt Guldir% Units. stude[￿ from all three Senlor
Schools yticlpate in the sthoofs ¥oluntwy ser¥i¢* UDIL ￿pP￿tI￿ I￿1 Or￿ls￿l¢>Th* These acttvities were
limlted the ￿r. due to rewi¢fjth)s on t4b5its to Ca￿ homes and otl*r sthoo
Governors were Pa￿ pr¢xK1 of thè LHS Studlnt who the training rtqured to >Jmirrister CovSd
Our schods ho￿ units of Rainly)ws. Gudes and Sc041ts. Supported 5taff• puplls and P￿nts
Char*abl• Dmalkrn•MI FuThdralsk
As well as of tifi*. wwls at our fam*¥ ol sclKx4s are 5trth én8a8Èd In futhJsSrs for a ￿de ¥7rfety of
Causes. and undÈrstand that thelrefforts helpt0th3￿ the li¥es ofmany PeoP￿of1￿ ages WI￿ are lessfotnmats
than themsew be￿rfat0ur P￿paNt￿lSCho0f%t￿lth ouryouwyt¢tal&en monqfor local, national
and international uuses fvou8h a wiety of P￿1&$ from a¢r055 the Fo￿￿oft ralsed ElQ784 thTou8h
a variety ofevents induLln8 notrunrfomi do% bake sales. and ¢￿petitil￿
Amher
Falrfield Prep
GraFT￿OrsChOol
The Htgh Sthwl
£1.647
Q162
£6,975
£6.OCII
17

Goven￿, Reprtaty*FXrtO￿￿I5lthmtrf
Ftyrtlw em&d31 Avgusi 2n21
Stratry* ￿e￿rt (contlnuedj
Within t￿senIOr schools. acbvities are led ￿ a dedic*￿teaM of Seniw Chwity PTefert> Senior pupils in all three
sthools supportthecolltttionanddstributli￿ offooditemsdonated ￿pupIlsata11f0ur5(hQols￿ahèrvesÉfeSibVOls
and other events to local c(thm￿ltyRrQ￿pS i￿1￿￿1￿ ProFd %KKI. The 8widBe ProiecL The Carpenter5 Arm5 and
the 5alvalon Army.
Although the continued Covid reStrI￿On$ £urtJ"led mary acbrn. ¢xr puyls continued to demonstrate their
generO￿ty in gvin801 theirtime. thlls and morw. Of p3rtiUblar Th)tewasthe F?itheld Pupl who cornpiled a book.
the proceeds from thesale ofttr4swwe d¢)nated to Rainbtsws Hospice.
E¢<wmi¢ lryxt
In additiw to the wbli¢ I￿l ¥isirq ttre Foufidation's th¥italAe Fo￿da)"On makns a
5ignifi(ant p0s￿ve contr1E￿IlDnto the loc* economv.
In 2020121 Itemployed on average 665 pÈop]e. and 81.$% of the £17.2 mdlion paid in salarie$1£17.2 rr#llion in
20￿120> remalned in Leice￿ershIre. *ith zn esiimated 97.1% remainir¥ in the East Mldland5.
We support local bU￿￿sseS. Ahhough redLKed bythe clowre of schods in Jartu¥y 2021. in 2020121 our totsl
direct spend was circa £6.58 rr¥llort IE&97 mdlion in 20191201, of wlDch £14 Nmllbon wa5 spent in the East
Midlands econorny.
We estirn•le that in pro¥idH¥ an e￿￿￿ttOn to rng￿ than 1239 k￿1 (hil¢tren. the exchequer collectWy sav¢
more than £10.4 mil&ofi a ￿ar which it t￿Id otherwise cost to eth¢ate those children in local ￿OI￿taIned
school5.
Stttitin inst¥tÈrn•*
TheTrustees acte(t in a wayin¥thKh CO￿lder. in 8ood fath woM￿d the 5wces5 of theFoundation for
the benefit ofall beneficiaries and *ideT 5takehokler grou￿. The in thty hm done this are desuiLEd
èn further detail throL4houtthis reF#yLspectficaKv.'
siaktholder
Employees
Pa8e li
BeneficiaTies
Pa8e 10 IkademK Rep%tl and Page 13
I"Financial Assistano")
Commurxty
Pa8e$ 14-171"PuLqk Benefrfl
Economic
Pages 17.181"E¢onomlc ImpKri

strateW¢ Ileport fcontinuedj
Carbon Report
UK GreffihtyJSeias•nl￿th use dats th>rthe perlod I Sept••thr2020to31 ￿l￿$t 2021
2020ni
EneT8yconswnption used tt>calcu13te emissK>ns I*v•Th}
6,69&388
Energy ctytsumption breakdown IklfyThl :.
4,467.562
2.184.082
46,744
eledricity
tran5pM fud
Scow l emi$5ions in rnetrit tonnt5 C02e
Ga5 ¢0nsumpt*Jn
(MfnedtranSport-m￿l-￿ses
L522.37
Tolalscope I
29.06
Scope 2 emr55ion5 in metrictonne5 C02e
Purtha5ed electrioty
500.82
Scope 3 emi5g¢ns in rnetric ton￿5 C02e
Business travel in emFloyee 0￿ed *hides
TotalgfOSS emission5 in metric tonnes C02e
2,030.96
Intensilyratioronnes C02e per wpil
0.91
We have fdlowed the 2019 GowM*nt Envirorffiental Guidelines. We have a￿0 used the GHG
Reporting Protocol-corpofate sta￿rd and ha4eused the 20XIUK GO¥er￿ent'S Con¥ersi¢Jn Factors Cornpany
Reporfin8.
The chosen intensityrneasurementratio ts to￿ 8r¢xs emissions inrnètri¢ tryintsC02e pèr wwl. the ￿((￿rnended
tio for the sectof.
Measurestsken to lrnpm erffjy e￿*￿¥
We have installed ynart meier5 across all 51tes and increzsed bideo conferen¢in8 tethioloy to facilltate staff to
work frcyn hr*ne and not travel to t•mrk for meelirgs.
d by the Bo¥d 9 Dew)ber 2021 aNI 4ned its behalf ty".
51rTr*bwSo
(hairnzn
19

Fwi&yttsrendtdJl AUS￿%1 21}21
Tru5tee< reswsthifrtiesslaoemert
The trustee5 (wh) are also diretttys of LNWbNough S¢lx)ols ￿ndatI0ft for the purposes of company lawl are
re5por6ible for p￿ParingIheGo￿nty( Afftnual Report indudingtheStrategK ReporL and the financial statwnents
in accordan￿ appIl￿ble law and United ￿n8d￿l k<ountir* Standards (United Kiwm Generally Accepted
Accwntin8 Pratticel.
Company law requires thetyusteesiopreparefinanoal statementsforeachfinancial year.t*hlch 8i¥ea trueandfair
view of the State of affairs of the charitsble company and of the incornin8 resour￿5 and aP￿1¢3ti0n Df resources.
ind￿11￿ the intome and exwbditure, of the tharitable company for that pemd. In prewlng flnancial
Stoternent¥ the trustees *e required to..
select suitatAe accounti￿ pdkiesand then aPp￿1th￿￿ consi5tenthr.
observe thè methods Wirti￿e$lTh tharities SORP 2019 IFRS 1021:
rnakejud8ernentsand estimates that are reasonable and prndent
State vthether appli¢*e UKk¢ountin8Stèndards have been foll0v￿d. subFrtto alry materlal departure5
diKlosed and e4)lained in tre finanoal #atements.
Prepare the finanaal 5taements on the going corKem it is inappropriate to wewme that t
chari¢able¢ompary will continue in c4Jeratro
The trusteesare responyblefor adeguatea¢¢owtiie rrtordsthat disd05e reasonal￿t xcuracy aranv
time the fiNn¢ial p05iti¢)n of the charitat4e ccmparry and enable theffl io enswe that the flnandal ￿ateMentS
comply vAth tr* Compan*s Aet 2¢)J6. They are also reSpo￿bIe far Safeg￿rdIng the assets C+f the thariiable
company and hence ftytakirt8 reasonable step5for the pre¥tfttion ar￿ detertion of fraud and other irre8u1￿￿tseS.
In sofar a5 the Irustttsaie aware:
there Is no relwit auditinformatson of**¥ththe thantsblè ccffipanrfs auditNis unaware.. and
the trumees hast taken al steps that tlw wghtto have tsken to make themseKts awareof ary relevant
auditi￿OrMall￿ and io ettaklish that the ¥u¢lircr ￿ awareof th•tinlomialh
The trustses are responsib￿ for the mabntenar<e and ol ￿ ¢orwate and financial inforrnatyon i￿luded
on the charitable tompanies we￿te. Le8i51atiors in the umed Kingdom 8ovemin8 the Frepar3tion and
dissemination may ¢*ffef from legislatson in otkwNWis&rti￿$.
21

OplTrion
We have aulknd thefinanclal statementsof iouthknw¢x¥hsdK￿ Found*ioftllhecomparf}and ltssubsidiarles
l-thegroup-l ILY theyear ended 31 August 2021 *thith (￿pI[se Consol*laiedStatemenl ofFJnandalArtlvlOes,
the Conscthdated and P¥ent c￿panY Sl*eis the Cashfflow Statement and the related ￿ Indudin8 a
summary of wifftani accounting ￿tse$. Tl* ffin¥ffl￿ repy11￿ framework has been op￿led in tr*lr
Preparati￿ is applicab* law a￿1 United Acc￿ntIng StsNlwds Iunlted ￿ngdoM Generally kcepted
A¢counting Pradicel indudir* Finaxial RepJrtin8 Stand*d 102 Tr fin¥ual Reportrq Stsnd¥d applicable in the
UK and Repubk of Ifeland. and the Chari￿ SORP 2019.
In our opinion. the finarKial 5tatwnents".
a true and f*r iièw of the stste of the Brt￿￿5 arml the went tharilable companWs affalrs is at 31
A¥gust 2021 of the inctynrt resour¢es and apk4Katlon of resow¢e¥ indu&irq Income and
expEnditi*e. fortheyew ended:
have been proptttyprepared in acctyda￿* *ith United KI￿￿￿GenerallY￿￿ I￿o￿ntIng Practice.
have been prepared in ￿ante￿1th reg￿rements ofthE compan￿$*￿t 2tM)6.
8ash for t)knlo
We conducted our inaccwdm *ith Snwnafjonal St¥ndard5 on AudltlnglUKI IISASIWI and appllcable law.
Our reSpOn￿bIlltles undef Ihtre standards ¥efi*tr*r des¢ribed in a￿to¢S responsibilitlesfof the audit of the
finantsal statements sectm ol our repwL We are independent ol company in ￿CC￿daTr￿ Wilh the ethkal
requirements that are relevant to our a￿￿1 of the fina￿41 statements in the UL including the FRCS Ethical
Stsndard, and wth￿f￿￿11ed ourotheretlica re5PLm%hlitie5in ￿t￿rdanc*v•7ththQSere4UI￿rnefits. We bd
that the3￿￿1 have obtaned is suffK1￿I and apprgpri•teto wo¥ide a ba5i5for our opiniDn.
In auditin8 Ihe finarKi4 staternents. we conduded th•t the Trusttt¢ w of thè corK¢rn basis of
accounting in the wewation of the financial siatffnents is appropriate.
Based on the we have Perfo￿￿ed. have not identified ￿ materkf uncutsirfies rel•t6ry to thents ar
condilion5 that Indi￿ual￿ or couertivety. may Ca￿ 4nifi(3nt ¢loLatston the Foundation¥ •bl￿ty ltsCQThtinue as
a ¢01￿ torttrn for a i￿10d ofat least fr(Th when the fin**ial ststrments are authorlsed for
i$54¢e.
Our reSP￿S•bIlItieS and the reSp￿tsibIli￿ of tt*Trwtees*4th resptt to 8oinB c<¥Kem are destribed in the
relevant sectionsof this repxL
Thegovernots are responsitsle fortheother information. Tr* otherir*tirrhali￿ combxises Ihe Inf(Ymatlon i￿lUd￿j
In the Go¥emor< rewL <xher than the ffinarxlal St3teTh￿ts and wdit rewt th2reon. Our opinlon on the
finanual stat￿ertts does not ower the othv irf0Mat￿ and, except to the exw othemse ex￿1¢It￿ stated In
our report wedonotexwe55 anyform ef assur*cè tthKlusion Ihwe
In twnedon wlth ¢)ur audlt of the finarKial Stateffle￿. our respon5itslity15 to read the othLY Infcymation and, in
doing so. consider Wrt￿ tht other énfmation ts maortally l￿￿$151ent wlth the finandal 5taternents or our
knowledse obtained In the audit or othvwise appews to be materially miststed If w* id￿tify such materlal
incon5iStencies or appamt material m1sslatem￿ts. ￿ are reqwred tg detwmine W￿ther there Is a material
mi55tatement in Ihefinandal Siatements or amaterlal misststemerf olthe otr￿r Informadon. If. b05ed on the work
we have Ferfrymed we condude tkwe is a maknial mb55tatement ol tr¥s other inftYm*i(n we are req￿red
to reportthat fact
We ha¥e to repthtlnthis ro8arf.
22

In our opinion, based on the work ￿keft in tl* t￿r5e0f tr* audtt:
the infornation w¥en ¢Th the Governorf P£port (Incorporati￿ the StraiegK Repgrt) lor the financial year
for which t￿rInancIal ststernents are prepared is consistent thefinanual statements: ar%J
the Governors. Report and Strateeic Tl?port ha* been wepared in a¢coTdaft￿ with apF4icable legal
requlrements.
In the light of ow knty4e¢ge ofthe and parent chafitsble ¢offip￿ and its environment
obtalned Sn the course 0ftreat￿L hwe not identified Materi￿ mt55tst•)ientsinthe G¢74trnor< ￿pOrt and the
Strategc Rep
We have nothin8 to reportin resFertof thef0ll0*ry￿ matters in relatlon towlAth the CompaniesAct2006 requbres
U5 to report to you if. in ouropiiion..
adequaie aCcoun￿re records have been kept by the pareftt cwpany. or ￿tt￿S adequate
for our audii have not been re￿Il￿d frryn i¥anches nOt￿￿ted by u5,. or
the parent Charitable companrfs finarKial ststements are not in agreefflent with the accounrire r￿ardS
and returns. or
certain dixlosures of governorf Temuntratioll 5petif*d lry law are notrnade.. or
we havè notrecwed all the infonnation and èxpknationswe rtqu*e fty our audit
As ExplainEd more fulEy in the Statement of T￿￿￿. Res￿￿511Xl1t•e5 set out on page 2L the BovemoTS Iwho are
atso the dirertors of tle charitable company for the purpws of company law> ¥e respoD9ble fN ihe preparation
of the finanual statements and for tieing Satisfied that th•T gNe a and I￿r •mew. and for su¢h ir*temal control
asthegoverntys detemilneisnece55arytoenablptheweparaiion offuww15tatemtntsthatzre frttfrom material
mlsstatemenL whwherdue to fraud or errar.
In prepari￿the￿nan¢ll statements, theBo*mtys ¥e re4>ons{￿e fty •ssesgng thegrow, and tompanrfs ability
to continue as a going concern. disdosirs as app1Kab￿, mattus felated ro 8oirg cottem and USiNd the going
concern basis of accouniinK unlw the 8¢)¥￿00r5 either irttend to knquidate tht youp w the company or to Trase
opeMion% orhave no reallrtk *tematib* butio do s
Auditorfs rwon5￿11tieS￿th•*￿l1l￿thvr￿n￿lst•1o
Our (*J'ertives ¥e to obtain rEa54Thble a$sura￿e th*￿herther￿aftC1aI ststements as a whc4e ¥e free
from material mlsstatement. whetror to fra￿j or error, and to an Auditorf5 that includes our
opfjnlon. Reasonable assurance is a ly8h level of assuran￿. bjt Trs not a guarantee that an audit COh¢knted in
accordance wlth 15As IUXI will aK¥ays detrct a material mis8tr4ternent T*hen it exists. Mis5tstements can arise
from fraud or error aryl we congdered matu1* if. indmdualty or tn the aggregate. they could reasonatly be
expected to infiueKe the ecorK*mic deo&¢)ns Lrf users tsken on the ba515 of thesefinancial siatements.
Irregularities. includingfraud, are i￿arKe$Of noA-CLThpliartewith iawsandregulatiorts. Wedt5ign Ffocedures
in line wlth our re5pon￿*M.1Itses. rArfined abokt. to detect material misstatements in re5pert of irregularities.
Including fraud. extent to whith our w¢tedure5 we wable of detecti￿ irwlarlties. Includi￿ frau4 Is
detsI￿d ￿low..
Our assessment focussed on •nd re8ulaiion5 iht Foundation has to compty and areas of the
financial statements we assessed as b*"ng mcrfe Su$￿p￿tIe to misstatement These k* laws and regulation5
included bLrt were not liNMted to cL¥npliarKe ￿ththe Qyxpanie5 Art XTh. Charlties kt 2011,
taxatlon le￿￿atiOn. data protectitiA. •ntblKibtyy and effl￿ent legs￿3110￿.

We ¥e not responsible fty kYe¥wtiryd Kreg￿￿1￿e$, fraud. apPr￿￿h tt> detectln8 iffeglhlaritits.
Intknfir% fra￿ Ind￿j& butwas Mt Imited w the folkn*Ay".
obtailm￿ an wdtrst3nth￿ ol the and re8ulatory fram•¥ryk apph'¢aWe to the Fotsndatfon and
how the Foundation is complyiThJ wrth that framewort irKludry a8reement of financial statement
dlscloswes to undWlwrEdoc￿entatr0fi and other e11de￿e.
ainiry an under5tan(fire (* the Fo￿d4￿0￿5 tontrol tiwir•Mient aTh* h¢Mf the Fo￿￿3t10n has
arvlled relevant control wocedw4 tlYoW dtscu5slons with Tfu5tee5 and other rnanagement and
perfomiin8 *aIkfv0￿ testbryV4V kof rns.
obtainiry an Unders￿￿￿of￿￿ FouThJal*y)'5 ri5k•55esynent irt1udl￿tht risk of frau￿.
pufrym1￿ a￿1 terti￿ to atldrtss the rfisk of tyvride of c¢mtrols. testinB
j¢yumal *ntrT*s and other adiustsnents apyowiatew evam￿li￿ the busJr*ss rationale of
Si8nbfi¢ant tyar¥aoions outside the nom*1 course ot and reviewiD8 KrtsurfinKellimate5 for
bias.
Whilst COn￿d￿lre how our a￿lIt T•rtxk addre5*1 ts <kte£kn d Irre8ulariW we also Considered tre
likdihood tsf detection of fraud based on our woaclk lryeBulalde5 ¥15ir¥ from (Twd are inherently more
thfficult todetert than those ￿$1*￿tr￿n wr+X.
Because otthe irthereni ￿m￿atIonS of an ayrfrt there Is a thatwe wll not ddert all Irre8ularitle4 Indudw
those leadin8 to a material misst3tvnent in the financial siatemerrts or n1m-C￿FIlartce with r*8ulation. This
sk increases more that rompli•no with a law or re8uLatlon 15 from tr* events and transactions
refiected in finar*ia Statern￿ as wlll be kn Skely to be¢ome aware of InMance5 of non-compliance.
The risk 15 a150 8reater reyrt*ryd Irregul¥ltses occuffiry due to fraud rnther than wror. 85 fraud OrNol¥
iDtertiMal ¢on¢ealmenL for8w. collusth ¢JmbSSlon of m1yepres￿lwrL
A further description of our ￿5p￿#bIllIeS fLY the autht of the finanual statements is located on the Financial
Reportsng Coun•l's web4te at. T*A¥W.frc.u&uVzuthtwsrworfibilities.This desm"Pllon forrns part of our
A￿j(tar$, ￿p￿t.
Use oloyrrwt
Thisreportismade soktyto the th¥itable ¢rynparfs M￿*T$, a5a boty.ln a¢cudIn￿￿&ith Chaptw 3 ofPart 16
ofthe CompanlesArt2CIK Ourwdit lthhasbeen underf¥ken sothaiweml8htsiatetothetharitable romparfs
member5 thtsse mattws we are requSred to state to in an audrtorfs rewt and for no other purpose. To the
fullest perrnitted by law. we do not accept or assume respoTEsibility to anY￿e Ot￿ than the charitable
CLNnpany and the charitable comparrfs M￿be1$ as a I￿, fLY autht thrs reprt Of for the oplnlons
we hz%* fomied.
Slmon Atkln
Fw aThl M behalf of:
Date: ? I
Statutory Auditots
v Wfftv. Ai8w Road. East MithandsAlrwL Casde 0￿￿¢1Th. Dertrl. OE74 Z94
24

Lwzhlwou8h Sr*oDIs Fowthii
G0wrTh￿. REP￿0￿d￿￿kw￿l0ls1thrn￿nlS
Forth)Ww¢Aded31.4¥g￿E2o2l
fOrthe￿fended 31 2021
2021 Totsi 2020 Total
hJThds
Donatlon5 and *gad¢s
Olher¢r•jWryacti￿￿5
%*stfflents
Charit*le•cp*Ab¢s
iii
523
295
123
30.049
133
57
L142
29.876
45
3UII8
X).525
LJIO
Railnifvnds..
Fin•nan8 costs
TAdiwoPr*i￿9
395
222
29m3
L268
L184
31.150
1,268
31.462
In
ILia41
17761
G•inllLLssI ws*¢rfjmwvneffj5
16)
G31nni(4sI
613
191>
172
18731
In
15141
18731
TotaifundsbrTh4lrtfoThHrd
12393
50.429
565
5255
49
67.735
67.787
All inLvrrMr¥ rEsourre5•nd re5ourceseyThJeddthEfrtynoi￿￿nl cpratio
Th? 5l•temertofFln￿Oal kliwbesirtludt5 allpinsw*J17SWfetoyW in tht ￿￿T.
The nLXeS tffl p4es30to SZformwrtolthe*financlal Smel￿
25

GmYYw¥' Rewi andFinoKiolStstsP￿ttlS
Foptht)wenrfgd31 AugMu2021
th yewerfd8d31 Ayowt2021
2020
In¢cfftefrthi ch*itsble ￿l￿ed arti¥ille5
31.174
295
123
G*n on Sa￿ din￿lmenta$Sets
Expenrfrture on tharitableac¥vities
IX)078)
128,9921
Expenthturn on non<hawltsb￿ twalk￿ aLtr¥illes
1>95)
12221
Interest payaLqe
11351
1901
Total lftthefeporttsyptrk
131.6211
130.2501
Adetaled an•ty5is ofthe subsith*s' trathngrtsults a￿set￿rtIn
Oetaledanatyss ofthe ex￿￿11￿* Is wo¥th4ed lntheststem￿0f finarjual Ktv•bes and note9.
The5￿Mary incomeand exwrflitureac¢ountexdudesendowed fundsand unrealisedB*nsll1055esl in ac£ordart¢e
with Companies Art 2W6. Ttre accwnt is ¢*ri¥ed from the 5tstunent of financial aCt￿[DeS on p4e 25 whsth
together with the note5 to the ffinanrial 5tatw￿ts prowde5 infmtith ¢>n the m4Mment dwin8 the year ¢)f the
fund5 olthe 8r¢wp.
The notes on p38e$ 30to 52 fonn ￿ ofthesefmana4 sta*ment&
26

Low8lJl¥rotrgliSclt&)Is FAlp)d￿[0
GoiYrnDfS' Rep￿
For I1￿ w•reithdjl.4iig￿l ?Q?I
Corwlidated baknte Sheet
at ￿ Au9USt1021
Note
20Zi
2020
Flxed assets
Tawble assets
ln￿trnentS
io
li
67.$01
4.145
nA15
71.646
Current•u•ts
Stock
Debtor5
Cath at bad( ar¥1 in haThl
302
1.244
4.590
13
536
6.391
6.136
LIablI￿les. fal￿￿￿Je¥￿thlftr
Credstors
14
,A851
13.5681
I024
Totsl as%￿5 cwr•)t li•blN¢ies
73.419
74.214
LTreditots: anwxmts fallw¥ afterffw>re
than on¢ ye¥
15.3161
16.4271
pro¥151ons lor IlablHtles
Promsions
J6
67,787
FyThls
Endowed funds
Restricted income lunds
Unrestricted income funds
49.915
5,25S
SQ.429
4.965
12,393
18. 19
18
Totsl fvhds
67.73S
67.787
The flnan
behalf
ts were apyowl the board of th"recttys ffi CP3 Oecember 2021 and We￿ s%r*d on ils
Chowmon
J W Dohertv
ChielOperotis%J Offkerondco
nysecrrtory
Company ￿e￿stered number-. 4038033
The notes on page5 30 to 52 form part of these financial statement&
27

ihr ￿ar￿AdEd31.4￿gM%l 2n21
a￿litable l>aLinc* sheet
al 31 Awqu5t2021
1020
Tar¥b￿ assets
Investments
io
li
67N94
4.145
71.639
45
1.537
4,478
Debtt¥s
Cash at bankand in har#J
13
743
6311
7J02
Llabililies am¢u)ts fafmg **•e
Creditors
14
13.4851
033
2.S75
Totsl assets kn tuyvont liabilitios
nA39
74.214
than ¢)n• year
15
153161
16,4271
PrnThl¢Jns for N•bllltles
Pro¥isions
16
13881
67.735
67.787
Funds
Endowedfvnds
Restricted incomtfvnds
Unre51ricted incom￿ fvnds
18
ia19
49J15
50.429
4.965
12.393
Total fvnds
67.735
67.787
The finanoal st
it5 behalf by.
ements thye zpprv4*d ￿ tht board of director5 on LV) Detember 2021 and were signed on
Adml
Clwi
I W Dohtrty
(￿￿oPer0￿ng 01fter0￿4 C(Jnwu
reto
Company rwstefed number.. 4038033
The note5 on p3ge5 30 to 52 f(xm part of these finaNial statements.
28

Govrnors'RtwTa￿FiIo￿l￿&aie￿lel[ts
Foril¥ ¢AdedS1 Ayi2QYI
fvrtheyearended31 A¥owt1021
2020
£oco
Note
Notcashhw lusedVprth4d•d
13941
Purthase of property. ￿ant equikynent
Purthase of investmeftts
Pr¢Xeed5fr￿ sale ofinvesvnents
Dividends, inte￿1 and rents rectived from in¥estrT
IL0931
11.8301
16691
576
123
li
li
L925
11,8th)1
Repayment of Ilnance leases
New loan
(U41
11241
5.000
NÈI lenerated
(J24}
4.876
Change in cash •Thl rath equhalertsln the rep￿l￿perIL
1682
Cash and cash equivaltr￿ atthè brynnirq ofthe ￿P¢￿"￿￿r
1,908
Cash and osh equl¥alents atthe end of the repornngyear
391
4.590
The nc*e5 on pa8e$ 30 to 52 fofm M ofttWffina￿iaj sts*rnenr

Fortht)weThltd31 A4￿3021
Note5
Loughbc¢ou8h Schod5 FoundatO¢M is a limited ty guarantee arKI is inctypL¥rated and domrdled Fn the
Un4ted Kjngdom. The addre55 of tr* registe￿d Offi￿ IsgI¥￿ in the charity InfWmatK￿ ¢n page 2¢f these finarKial
staternent& The nature of thE charitrfs cperation and winripal acbvitse5 15 tQ PTovidE a day or boaTdln8 school f
btys and gwls of all
The chartty con5tiiute5 a put4K benefit entbtyas defined by Ffts 102. The fir*ncial ststements kne been prepared
in accordance *ryth Attounlng and Reptru￿ ty Ctsiitie5: Statement of Atton￿Tr￿ed Prartice appf&¢able to
charitie$ preparing thelr accounts In xcordance with the Finaryia Reportk* Stsndard ap￿*able in the UK and
Republk of Ir￿￿￿ IFA$ 1021. the Charilltskt 201L the C¢mpan*sAtt 2(A)6and UKGentraUy Accw PractKe.
The finanaal statements ¥e prepared a g(Mre t0￿M basls under the htstorlcal cost con¥entlon, modffied io
indth4ecertain lterns3tfairva1￿ The financia stat￿n￿a￿PrePared InSte￿￿wI¥th i% the functi(malcurrenty
of the ch¥ity and r¢wnded to the rearest rcoi.
They8nif*ant¥¢cO￿fj￿gPohfJes applied In trewepar•tronofth¥firwdalstatementsar* S•t￿rt bdow. These
polides have been con#stentyaNlledto al Ye￿ presented o11￿5estated.
The finwl Statem￿ n the reyjk ofthe consolW•tiw of the finaKiil sfatwnents of the mpany
its sU￿dIaneS LSF Shop Th(mas Bwton Oe4*wts Lwnited and Lov8hb(Yough Schools Intem3￿OnaI
lQ"n8daol Limited Idomiantl. ftnanaal ststunentsof an compaThes we made up tg 31 Au8USt 2021.
No separate SOFA has been yesented for the charity e•rWions afforded ty the C4%npanle5 Act
and the SORP IFRS 1021.
Funds held bytht ch¥itable ¢empany •re
u•re￿￿ted I•￿1 funds-these aref￿d4 7AthIth be used In acuffjthn￿ wlth the tharltable obJpEts
atihe dis¢retl(ffi of the dlre£t
Aestrfd•d knds - are fvrtd5 that taft be for partS¢yJlar ￿5t￿l￿d wwp05es within the
objects ofthech¥itsWe¢ornpwry. Re5trKtions ari5èwhtr specified by tre Mernorandurn and Article5 of
AssociatTron. ortr*dontr. or fa5ed fr*pawiKularrestrKted purposes.
P¢rniafiert l￿d$-theSe ￿ the 13nd and IxAh*n8s ofthe sth9¢15 kwostsments. which afe
not free for disposal Will￿Ut replx•iwiL
AII I￿Ornin￿resOUrCeS1rt ￿￿ded IntheStattm￿ of Fkndal*Lthl¢*s15oFWtfvthEntr*dHrityis leaallyentlded
tt* the irtome after arty pw10Tha￿e Conditi￿ hwe Ixen meL tt* amDunt can be measwed rdabty and it is
probable thatihe tsicome will be reteThrd
Fees reCei￿ble ¥tactc•JnreOftf In theptrk￿tO rdate. E•th ￿ar an 0￿•1 amountot 5% ofthe ￿e$
recebved is allocated to the bunary fund. The fees recer¥Bt¥le we stated after dedudin8 5¢holarships and other
remissions 8ranted by the tharitatae compary. ho*¥W. the sta￿d fee5 Indude the COn￿bUtiOnS rewved Ir¢yn
I￿rICted fvndsfor b￿SarIeS and othef 8ran

LorighkwoWr&hLwls Fowthiiort
oNdFinoprialSioieiNe4TF$
For1**j￿11re￿thdJ1 Aug￿1 ?Q?I
Notés (contin￿)
Investment intome Ks earr*d ihrwh holdiry assets for wive5tment purp()se5 5uth a5 Shares and Woperty. It
includesdividends. interest and rent Where itis not practitablt to identsfyinb*simefttma)agementeOSts incurred
thin a stheme Wthrea5Ona￿eattUr•I1e invesknent irKome 15 reported net ofthe5e costs. It 15 irKluded when
the amount can be measwed reliatty. Interest intome is ret08ft￿￿ uslng the effective interest method and
divideftd and rent in￿Me1S reewised as the tharitys ii8htto re¢ei%e payment 15 established
Donatlonsrecelvedforthegeneral purp05e5 ofthesthL*)ls a￿¢￿ethledto unrestrirted fund5. Oonatiorts gjbiett to
specrficwlshesofthe donwsare wied to the relvdantrestrkted fvrrfl tr* endowed fvnd.
Trndlffj 11￿￿mt
Trading income. irKhJding IlKL￿ from L5F knp Llmited Th(•nas eurton Developments, is i￿t￿ded when
receTriable.
Inc¢>Yte from the Corona7Arus Job Retenfl(ffi Sthwne lafts) ha5 been rec(erMsed as grant income In the perlod it
relatesto using theacuu¥s
All expenditure is accounted fr*oft￿a¢￿￿a￿ basisand has been dasslfied heathn8stt￿l awegate dl costs
rèlated to the cate8(Yy. Exptnditure is reco8nised wh¥* there is a le8al or COJlSlTUCtive obli8ation to rnake
payments to third partie¥ It ￿ probable that tr￿ setttement will be rewired aThJ the amtyjnt of the obli8atton can
be measured reliabty. It ￿ categorised under the followi￿￿adIngS.
Expeftditufe on raising ftmd5
Éxpenditufe on charitable acti
Other exFenditwe repres¢nts tFthe items notfal&r*intotre catrgrK*sabo¥e.
CharIta￿e expen¢￿t￿re Compri￿ those costs by tre tharitsble in the d￿l￿ry of Xll¥ilies and
$enri¢es f¢y rts benelldarie$.
G¢)¥ernan¢e tosts Include those u>sts asS￿latEd with rneeti￿ the constitutional aThl statutory fequirements of
Lou8hbryou8h khoots Foundation ar#1 its sUtN"d￿rie$. ths ind￿leS a￿1rtfee$.
All costs ¥e allocated betrfftn the expernlitwe categryie5 of the of ￿nar￿131 Acti¥ibe5 on a ba51s
d￿gned to reflett ihe use of the resource. Cosis rdating to a partipjlar xtNity comprfse both costs that Can be
allo¢ated dire(Yy to Such arbw.tfes and those costsof an inthrect fta￿re necessaryto support them.
Irreco¥erable VAT lstharted as an exptnsea8ainst the athityfor whth expenthure ar05e.
All redundan￿ and terrnlnation payments are rec(enised t*lthln the Trr.
The freehold lan<1 and bJIldi￿S were re-valued as at 31 2014 a￿1 on adopti￿ of FFIS 102 SOF¢P this Wa5
taken as°deemed cosr.
Tan8ible r￿e￿ *sets afe stated at cost (ty deemed com) ry ¥a￿lI0Th Sess actumulated deprecialion aw¥J
accumulated impaimient1055es. C05t indude5 Costs ¥￿i￿rtable to rnaki￿ the asstt capableof operats"ry&
as Intended.
DepT￿lation is prthrfded on am tarelble fixed ￿sety at rates ¢*ulated iowriie off thecosL *ss estimated residual
value, of each asset on a s)rytematic ba%5 w itsexpe¢ted u*AfvI life3sfdlow5:
31

FtYthp)w¢•uled31
Notes fcontinuedj
Freehold land and listed knnlorgs
Otherfreehold buildi
Fumitweand fittirq5
Equlpment
No depreoaikni tharg*
5-50 years
10 years
4-IOy
Investsnent W0p￿leS for t*thch fair value can be measwed reliabty without urrt*Jt cost Cv effort are measured at
fairvalueat each reporti￿datt*tylhthJtye5 in fairtAlue recognised in'l105s118aw6 on revaluation of inveslrnent
In SOFA No deprecIati￿ Isihryd on imwlrnerf m*rt*s in att0rd3r￿wlth tt* Ch•ltie5 SORP.
Investsnents are re¢Lwised TriwYally atfaTrv*ue¥Jtr4th t5￿MIaMythe tran5*tlon w4cttxclwm￿tyanSacfjOn costs.
Subsequently. they are rneasured at fair *4alue with re£￿TrIsed in '8ain5111055esl on r￿aluatiOn of
inve5tment< in the SOFA fteali5ed $4ln5 and los￿ are t*ulaiEd as the trSff*r•￿ bets¥een s•1* pmteeds and
original cost
Sto¢ks are stated at ILVrt dcostand tstANted sellw% wice less Costs to and sel. Cosi InrJthJes 41
costsof puicha$4 CJ)sts of convvslw and othermstsirLtyrred in brir¥ngstotktO itspre5entlocatson andttsnditlon.
Cost is ¢akul*ed the first-in, firs¢-OUt ftWM￿a. Prff￿ is made for d•ma8e4 rtlsolete and slow4novln8
Oper*inglease reAtalsare(htyto the s13t*)ient of fin¥Ki•l a straiBht-Ine baslso￿rthe period of
the lease.
Assets obtsined under hire purthase contracts al￿ leases are tsWlsed as tsnglble fixed a$5ets. A55Èts
ar9￿￿ed * Ilnance depre¢iated sh<>rter ofthe lease temi and thdruseftA lThts. Assets acquired
by hire purthase are deweo.ated over t￿r usthil ￿ve* finance leases are those wl*re 5ubstantiany all of the
benefrts and risks of ¢y￿Mp are assumed bythe c&rywy. Ok4i8ations wmler 3uth agreements are included in
ueditots ofthefnarKechar8ealhxated tofutwe per￿& Thefinan￿elemeTrt9fth¢lents1 P￿1$ char8ed
to ihe profit and1055 accounts0 as to wodwe 3 C¢¥Ul3nt rate of diar8ton the net obli8aiion ¢￿tstandIng
in exh per￿.
Prepaid fees are hefrf asrJethtrys the start of the tem) to they rtl*e. Tly art thtft tTa*sferyed to the
ststementoffinandal actr*t*5 and reuv￿Se￿ a5 in¢(me.
Loughb¢rou8h St1￿[$ Foundatlon tsexwnpEfr¢ffi in¢ometsx ¥ThY tawtsl8ains tam u*th Secikni 505 ICTA1988.
32

GthYrnys'REwrtaThlFrTrwpKial SralEmEnlS
Forfht ￿eAdEd51.4￿S￿l20?1
Nate5 {cthitinuedl
TheTPS is anunfundedscheffle1r¥J￿￿rib￿1Oft$¥e(￿¢￿1thd soastospreadtrecost ofpensions mremployees.
workirelives insuch awaythatthe peASfjon¢ostIsasu￿anlS3Ity level pertentage￿CUrrentaThd futwe pensionable
payroH. ThecontributionsaredEtemir*d bYt￿Govemr￿t Artuary on the basis of quinquennialvaluations
a wospetti¥e unit credit method. As stated in Note 24. fv TPS is a multi-em￿￿ stheme and there is Insuffioent
infornation a¥3ilatle to use defined tenefit accountir¥. The TPS hs therefcrfe treated a5 a defined contribulion
scheme for actounting purw5es and the cuTrti¥butiOnS recf4ntsed in the penodto which th•Y relate.
The khool pays C(mtr1b￿IOffj into wi¥ate penson 5thrn *thlch are managed Independentty of the finances of
the S¢hed in ￿SpeCt of its supwt staff. The are operated on a ¢kfiMd cOntrib￿lon ba￿$. and therefore
no surpl￿t$ or deficits￿11 arise. Cor*lfib¥lioDS ¥echaryed a8aintt exFenditure ￿ the year Ir* Ihryfall due.
The fininrial statements h¥4• beeh prepared on a gLing t¢rt¢em bws as the tru5tee5 l*li*vt thèt no mat*rial
uncertainlies exist The trustees have considered the levd of flmds held and the expetted le4￿ of income ènd
expenditure for 12 monttLS Irun authoris1￿ these financial ￿aternen￿ After raknng intc• conslderati¢)n the effecis
of COVID-19. Gthtmors are sthll satisfied b*ied inc(The and expendrture 15 5uffiEient with the he￿1 of
reser¥es lor the tharity to be ab￿ to continut as a goirg ¢tmcem. The Sthoojs iemain open and we a￿ tonfident
that we have a robust oTrlinefaalitythat we C￿ quKkty wtinto Flace should remte ￿3T￿r4 be required.
Ea¢h mthber of the ch*itsble t<ffipany un¢*rtake5 to cLwitritsJie to amount a5 mty be required not
exceeth"n£ £1
Revstotemrrtolprloryearjlwrs
Where priDrye¥ fi8tsres a￿ ￿.Stated. trefeasonwll bestated in tr* nD￿ sEdion of th? XCDunts.
The group makes estimates and assmiptithu contem1￿ futu￿. The Gmnors are also required to exercise
judgement in the pro¢ess of apptying ￿ tha¥Itab￿ comparf5 %countin8 pdicies. Estimates ar*d judgements ère
contlnualty evaluated ènd ¥e based rm hi5toiiral experierKe and other l¥l0￿ i￿lu&"ne txpectstwJn5 of future
events that are Wieved to be reasonable underthe t1rcthnstsn￿.
The e5tlmates and a55urnptionsth3t trtavea senlfrtaMTiskofcau5iry amatwial atystmentiothe Carryi￿ 4nounts
of a55ets and liabilitie5 ￿thin the next ffinaroalye¥ are adthessed tdow:
In prep3flre these ffir*rKial staiemertty tr* JYe¢tois mththEf0il￿￿J￿4ernenIs.
Thegroupdetermineswhethef iea5esentered Into￿l￿e￿P￿lknos8 ies%>T or è iesseeare r•eratin8Otfinance
leases. These decis[￿ de￿d on an 35se$5ment of wWJer the risks and réward5 of ownetship have been
transferred Ir¢yn lessorto Ihefe55ee ona lease ￿lease basedon anevaluation (*the temsarnl condiknon5
ot the arrar¢ement% and a¢ctydiTth whtthff the Ita5e rewires an asset and liability to be wecognised in t
ststementoi financial pos￿￿.
Critical estirnate4 assumpti￿S and juc*anents relate to the detefmwbatk¥n of the carryin8 value of Inwestrnent
properties at falr value. IA tsterminire the group ap￿leS the o%wridir8 corfept th￿ fair value is ihe amount
for whith an asset can be exchanRed between kno*ledgeable williw parties in an arni's ien8th t¥￿sactIOn. The
natvre. facts and ortwn5tanc*50fthe investr￿￿ri4￿s the ¥al•Jation rnethQdd￿.
Nots5 {continuedJ
33

rnvs'REpvl 0rdFinty￿ti7lStsIC￿e1[l5
ForthÉyew*KdEd31 A¥8wI2021
Trade and other recwvables are rec(ytsed to extent that try are ju*d recobwth. Mana8ement revlews
are performed to estimate It￿1 of resefves re(NMred lty irre¢0¥￿ilE debL l>rfAfjsions we made spedtkalTry
zeainst ifh¥oice5where recO￿¥3b1ity 15 uncvt•n.
Mana8ement make5 alowano for debts based ￿ an assessmnt of tt* re¢thtrability of debtus.
lowances ar*ap￿led1Odebtors *tterèe%entsortharqe5 In cycumStsn￿ inLICatethat￿Carryln8amOUntsrnèY
not be re¢¢werable. Man￿ement speoftaly ￿aty$e histwical bad debts custuner credltwthlr￿$5. cwreTrt
economic trEnds aml thanges in custwer payrn￿ terms *then makir¥ a ju*Èmentto evaluate the ade4ua¢y of
the provisKffi for (loubtlul debts. WheretheeXPe¢tst￿ isdiffueni fr(m tr*(*iwnal estknate, such thffwert¢etMII
imw the tirTr4revalueofdebttys ttwge In ts statemert of finandal acii¥lties.
Management have re4iewed the asw 16hts aTrJ associated ruklual va14ffS Ot an f￿ed asset dasse5. and have
tt1nd￿ that asset lives residual ¥alue5 are appropwiatè.
The hes of the assets and residual ¥*ues are a*55ed and may vwy dependlng on • number of
fa¢tor& In ￿-aSSeSsIng as5Èt li￿. factors suth as te¢hrdoOcal knrthiitson. product lrfe rydes maintenan
proerammes are tsken into acu>unL Re5iduai value asses&7￿consider bssues sth asluture mirtetcoThlltlon¥
the ￿maIn1Th8 lrfe a55d and proprted disposal vauek
Unrt5tricted Restricted
Donation5
Lewie5
iii
iii
iii
iii
£ocK)
Donations
Leea¢ies
Nvlo5

Lo￿h&yOU%h Schwls Fowthtio
For ihrwtyepthdJl.4u8wi ?n21
The company owns ihe efttl￿ sh¥e capita ofThe LSF Shop Limited and Ththnas 8urton Dtvelowneftt Limited. It
co¥enants any taxable Pfofits to the c(ffiparry. m* tradire fesults for the ye* ended 31 August 2021 fof both
entities. as exlratted from their ludited at¢ount% a￿ swnmarised below and al rdate to unrestricted funds.
Thoma5 Burton
Totsl
2020
Ltd
20Zi
TUrn￿r
Costdsths
434
12931
523
295
I￿0)
154
1431
11091
iioii
21
0perntin8110ssjlwDf
74
knterexpèy*Ae
li}
12)
121
t4etyofft
72
Iletajrted kn¥btsthtfDtw¥d
Retsined kns*c4rried for**Td
Thea88re8ate amountsof assets. liabilit*k 5h¥e capt* aThl reSeTh￿ **re:
Totsl
2021
Total
2020
The LSF shop
Ltd
urton
0&￿0PMent
Ltd
£ODO
Non-curyent •ssets
Current assets
Creditors.. amounts fal￿Wad￿e wlithin year
305
13051
33
1421
375
13901
{347)
Net Iwrrent liabiltie5
181
Creditor5." amounts fIl￿r￿dueafi¢rfflOTèthar
one year
Net Ilabmities
181
5h•re capitsl and rese
181
35

Ftythtitr en&d3lAyg￿l2021
Nrte5
On 16 Au8ust 2018. LES Ltd became LSF Shop Ltd. and a5 s￿h a new lease a8reement was signed wlth
Lou8hborough Schools ￿arth￿On. Leasè costsof £9.81XI per anntsTh arepayable uti￿ explration of the lease on I
March 2022.
Oank interest reca*dlle
Investment incorne
Rental IrKcffle
Z7
19
16
81
57
123
2020
71
52
SCI￿1 Income recd¥able comprlsetr.
2020
Tuition fee5
Boarth'ngfees
Bursary awardsand yalts
Bwsary awards and y•ts padftr tyresirlctedfimds
26.857
L192
1lJ>7ZI
L142
11,0751
1.181
29h54
27,962
Governmentfsants
Caterfrere£elpts
OtPerlee5 & 8rnnt
1,059
852
176
177
3UII•
30.049
Incune from sthcd irtome Twas f3lOW(XKI12020: £3QO49.￿￿j of whlch É29J7&(KQ1202Q. £2&868.IXOI was
attrlbutsble to unrestricw fvnd5*d £1.142.tIXl1202Q. £L18LCKII wa5altr*ut*k to restrthd fvnd
Tuition feesfortheye¥ifflyde £L07IthJ)12020: EL075,IMII trarsferredto rE5trKted fund bjrsarie
Go¥enWnent8￿tItt(Tht of£219.¢XQ Is made up (* Incm fromihejob Retentlon Sther
Bursary •vorts, yants and sthol¥thpswere madt t• 246 pupibsl202tr. 2871 fr¢yn restrktedfvnd&

Loughknough Sdwls Fotwdrtlion
GDvpMr$'Re￿n0mdFlPjW10IthQte￿Elrf
Foril*)*tsre#ded31 Augmsi 311?1
14o¢eslcontinue¢lJ
2020
Audiiryg ￿Munera￿n.
For audit
For othpr serwces
Go¥emof¥ wofessional ￿a￿lIfyin5￿
Depreciation of tan￿ble￿XedasSets
29
2.202
stsff 105ts
Wages and salarles
Sw'al 5eulllty￿5ts
Pen5fon ¢ontributior6
17.496
17.221
1.587
2.915
ZL117
21.723
The numlwofempltyeeswhosetontractsi%*r* terrinated aTrJ wholeft our emplownent with1nthefina￿lalYear
totalled 6 induthn83 redundancie&
The average nunber of eM￿C￿ee$ in ihe ye¥ was 67912020". 6761 of whLYn 2751202LF. 2751 were t¢achln8 Staff.
Neiihw the 8overnors nor persons ton1￿ed with thtm rete4Vtd arty remuneratbon or other benefits from the
charitable companyty ary¢¢)nhe¢ted tyganisabo
Th• numberol tmployees ¥kn<>seemohJmuts*X(eeded £60.(IX* was..
2020
60.CKJi. £70K
£70.QJI.£80AX))
£80,C#JI.£90K
£90.OJI.£IOJ.I￿J
EIO).001- £IIO.iMX)
EIIO.001-£120,¢JXI
£120.001- £130.￿)
£13QOOI-£14QIJXI
19
Contributions were maJttotheTe¥herf svpwanThJationsthtme. wlmch 15 a defined ber*fit 5chemefor 14 higher
patd employees12020: 131. Contyibjdons to a defined contribution pension stheme for a furdw 5
employtes12020.. 51.
37

Go*ft¥WJ'Re￿e*dF1￿￿Uct0ISl￿tsme￿Ll
Foril*i*oreAded31 Aw202J
fcontvw￿l
The Ggvern¢n ¢on* that t￿. twher wlth the Head5 of the 4 sthools and the COO comprlse ihe Key
Management Personnel. The Gryrtrnor5 of freety arnl tl* pay ranunwatlon of the Heads and
the C(Y) ts Sa tythe ftefflth￿ Cmfftttee and ts kept wxler wEbknv. A n￿ber ofcriteria are I￿ed in
settin8 pay.
Nature of the rotè responsitxlities
Comwitor5alarie5 In the region
Trends in pay
The totsl amountoFemplgyee l*nefftSreC•4*1￿ ktymaNaen*rt per￿1￿1 is £838.IKKI12020: £835.OC#JI.
The twstees neittr*r re¢•¥ed norwar**d arry r•Nneraikn )ear120Ztr. EMLI.

£ougthyo¥ghSchoolsFounthiwi
Gm¥nty¥'REwiondFtsthJrid&o&inenrs
For il*)YcrendtdJl AyLti2021
Not& 1tontlnt￿￿)
T¢*•1
Totsl
2020
£000
lnote 71
(we 101
C(otofyw•¥nifimts
Trading
Financing
395
135
222
90
135
441
312
tharllable e4)endlltte
Te%hing¢osts
wella￿ costs
Sthool n￿als1ftd ¢ater
Premises
17.098
1.955
19A153
18.810
232
1.327
5.325
3.993
1.161
$79
792
1.825
2.079
1.237
L3YI
5.565
447S
L237
1227
2.396
Financial As5istsnCÈ IwKludir¥
ar4J $ch￿arShIps
Go¥ernan￿<0slS
43
302
21117
7.931
1227
32J75
31,150
Total expendltwe
22.202
8.372
1231
3￿)5
31.462
Go¥ernance costs are an app￿lonMent of the relolant 5aarie5 *ith fyd to the bor¥ tern? str*e8I¢
planning of ihe tharltable ¢¢mp•w.
Resour￿ expended t4xal £32A05.1fj)12019: E3L46lfm) of Tphith thesplit between is as foljows:
T•t#l
2020
Unrestrictedfijnds
Restricted funds
Endowment funds
22.202
7.135
L237
1.016
31
L184
30JS3
29.046
1.2(14
1.212
Total
31.462
Bursarfes and s¢hdarshipcosEsof£L237.CiKII2019: £L161XI))I ha¥pbeen tharged diredyto re5trbctedfunds.
39

Lowglth>roUKhSchoolsFo￿dthiO
F&Yihr)weJJdd31 A￿￿2021
Notqs fc¢wKinued)
Ass•ts lfithÈ
larldand
Balan￿ at l SeptemlJer2020
Add￿0￿$ at cost
Transfer be￿￿eTh classes
72.274"
614
L018
1207
9.IlS
L117
84,713
1.093
IL1171
Atendof ￿ar
9.514
85.806
17A161
IL492}
11.707)
.6891
16271
117.2121
11231)
tha￿tr)￿¥
Atend of)wr
19.3081
11,8191
183161
119.4431
JiW20
66363
At31 AuBUSt 2020
64.4
L426
1.117
67.501
The parenttharbtsble cThnpary elt£le4 in XCL¥d•* $35 Iqdl of FAS 101 to use the c*rwn8value Im I
Semembtr 2014. the dale oftrarsitionto FKSIOlof anyof theatth*treeWlandaThl bu￿011￿5 previou51y¢aTried
at a valuation astheif de•med COSL
The ¥alueoflhe and ￿sted bwlthr*s vhM¢hare nffj dopreciated.attheertd oftheparwas £J.fmC
12020.. £L6Q),00014nd É4.2fy).IKK)120Xtr. £426J,&)Jl ￿5perti￿V.
No value is Indudedfor13YMI otr*rthan pla1ryN4fieI￿ The ste bsan irtegral portofthestholastic tntÈtycomprisin8
malnly educational buildin85 fof wh*h no altunati¥E svthw i5foreseen. A5 1 consequen￿, anyvaluation of the
te isimwodicaW at reasonable eMpeDse.
ASSèiS ift the mJrse0fcor4tr￿kn t￿O￿￿t 2020rdatrd w tr* ￿wd¥￿e studloatthe H*h School.
All assets ￿ bdd fty use on tharitsbleactl4it*&

¥8hlKmgh FO￿d￿l0
Forik)trended31 Au8knTi 2021
Nots5 Icontuwedj
The I￿1 book Val￿ of assets held uftd¢r finarKe leases w hwe PLwtha5e contrac15. indudedzbove. are as fdlows..
2021
2020
Egulwn•nt
74
Char*abkConynytsryl￿II¥ed assets
knday
¢¢wJr5eo•
Ewlpmerf constru(Ql
Total
Balance * I Septemtsr 2020
Additr'onsat cost
Transfer between da$5es
72.274
614
1207
9.105
393
1.117
1,087
IL117)
Atend of year
9A98
85,790
Balance at I September2020
Char8e for year
17.8161
11,4921
11.7071
11121
17,6861
16231
117,2091
12.2271
At￿Of￿ar
19,3081
11.8191
I&3￿)
119,4361
At31 •4¥￿tIO21
567
66,354
At 31Awst X20
L426
1.117
67.501
Thè net book value of assets hdd underfin•rKe lea5e5 or hye wchase contrxts, intlwjedabove, are as follows..
2021
2020
Equiwnent
199
49
74
41

GovenThs'Rewrtarn4Pint7ffcioIStstsMe*i$
F¢YthE)veth4td31 Awl 2021
Total
8alan￿ at i Sertenthr 2020
L(Al
3.064
4145
SF4)salof
Adthtion5 atc(
DiS￿saI$
Qtareein vauE Of1Th￿S￿￿
187
11081
828
3.9n
5A152
The ffsted aTrl managed Investhientsof £3,97LQKI12020.' £3.064.(X¥Jl coryisè £1139.(XIJ12020.. £984oIKII
tharty in¥e5thients and Q833.rKo(202￿ a07&(D)I InN*stments thre£ty listed In the Uniled K￿8d¢￿n.
Part ofthe In1￿Ment TK4S tr¥a￿ed as ¥t Mwch 2021 tyJLL chartered SuNey(Y&
mana8ernentc(￿$lder ths knrnaterialtthtyand held the wopert*s arthe Z014 aThJ 2017 valuatlo
2020
thartl* c￿￿lI1dated
Charitsye
Companv
Stttks
Subslthar*s stocks
45
2S7
45
302
45
42

14otes Icontint￿d?
2020
Owrftable Consdidattd
C41M￿nY
CharIta￿e
companv
£000
Fees rec￿aLle
Other detst￿$
Trade debtor5
Due from 8rwp ur4lwlaknry5
336
336
898
24
231
303
74J
1.244
1.537
Amounts ￿li￿d￿**ithFn ortèye¥
2020
Chaitabk c￿lIdated
th¥itable
Company
Prepaid fees
Fee 8u•rantees
Taxation and social sewity
Net ￿luationS uTrJer l¥re wJrch•se corrtra¢ts
L747
74
1,747
74
474
124
L242
L242
414
124
415
124
28
83
1,346
161
CBILS loan
Other tredittrt
A¢rn?Is
1339
L429
162
5.185
s,1￿9
3,568
3,485
Net obllgation5 trare pwchaSe¢￿tr¥Cts8tt st￿re& on the assets towhlch they rejate. Feegu*antees are
repa¥a￿e when pupils le￿￿. Other trethtors I￿l￿de £303AXX¢12020.. Q49.OW} of outstandin8 pension contributions.
Fi8ure5 have been re-ststed io IrKI￿le fee 8itaiaAtees duewithin one year
43

i•*i&JroWiS¢hools
G￿n￿'Re￿I0￿￿FlWI&s¢ll¢E￿lerns
Ftrikye*eKdd31 A&¥uTt2021
l*rtQs (contffi￿d)
2020
Charita￿*
Company
C•mpary
Fee guarantees
NetoblIgatity￿
744
124
642
4.917
124
642
4,917
614
4917
Cl8ts loan
3J17
5Jl6
427
6,427
Net obli8*bons under Iwre pwtha5econtrartsarese¢wed On thewets towh¢h relate.
16 Pro%*iMs
Balance at Isept￿ber2020
Charged in year
Ulilisedlr4ea5ed in year
102
LE￿1 costs refaie to P￿s1On5 to defend ljoth known arvj p)tenit•l Itwtioft rewdifigemFloyrnentmatt•y
and captsi woiects.Thue areewted io ber•rA¥ed lrytheendofthe X121123 fhwdal yew.
om￿lanCe wovtstons to kwtemial ffsks fvi were idenrifiÉd In tr*yearlxrt nolfv￿r¢sOfved
yÈareftd.Theyare ￿￿enIfye1Pecled io be *lyr*dv¢d bythe ewl of the 2022123 finarKlal yew.
Minin￿￿ lease payments trHre purth*efal thjeasfonryws:
Charltable
tompanv
124
124
124
124
8etween I.5￿￿$
248
248

Go¥er￿,
For il¥i*orepthdJl A￿￿0¥.￿121
N￿e5 fcontfftuedj
A￿ty$1$•I httassots f¥thds2021
Bursaryfwd
vrton bursaries 2
A & PM Shepherd
H5 Gym Equipment
BF beqL*st
PartrinLrq￿t
L292
1165
62
339
396
IB3
205
18
6S
67
172
167
174
53
GN H•rb*yluTh4
8oncreft be]￿1
StelnwtyAppeal
HammÈr51ey bquest
pri￿fundS
Stholatthips
New Gr3mmarSth(d CCF 8uihlir¢
The iOU8hbJrièn 8enthr4errt
OWOCfund
tKIn*￿n$ restrfttedlund
Cockrell beque
io
149
21
31
287
102
136
72
102
145
191
151
Total
643
1936
5.255
1912)
15.7041
12.565
Endowed
1376
49.915
fA363
052
1024
15.7ND
67.735

ForikJwe#d￿J1J¥gX5l2O2l
BUr50ryf￿d
Burton t￿r$3￿¢s2
A& PM Shepherd
HSGtrTh Ewlwerrt
171
L291
171
1022
731
167
306
402
18S
173
PathJntr•Jesi
175
iii
GN
15
roftb4uest
71
Hammor*ybewest
prtsef￿dS
SthoL•r5Nps
14ewGrammarSchc<d CCF ￿l￿11T*
133
127
ios
117
74
124
In
74
o￿F¢£fvrnI
Oonath)AS reArkI￿ fv
CoCk￿lb￿￿St
ui
21
142
Total
19,721
19)11
16,427>
12,393
47.666
1763
1.42Y
6T.￿1
4.145
{6.4271
67,787

sc11￿1$
RewiundFiMwi¢71Stoi¢JJtEnt$
For i1v)y￿ eRdÉd31 Avgltsi 2Q21
Note5 Icontinued)
Tr*tsf¥ •nd
lains on
lalnson &alan￿ al 31
Sales AyBust 2021
Btsrsaryfund
Burton bursaries
A & PM Shepherd
bequest
HS Gym
Equipm*rt
BF ￿on bequest
Parkin bequest
Coltman beq￿st
Wdlson bequest
GNH￿eyknd
8ancroft bequest
Steinway Appe31
Hammer51ey
bequest
Prize funds
Scholarships
New Grammar
School CCF
Building
The Old
LO￿hbUTl3fi
Benevoleni fund
OiAF(K
Donations
restricted fvnd
Cockrem bequest
1.072
47
11.0721
130}
1291
171
2.022
142
2.165
62
161
181
32
339
396
402
185
173
171
iii
39
205
18
65
67
72
151
31
2￿
105
184)
17
102
117
21
la6
74
121
131
1441
151
142
43
T(4•1
4.965
11.2661
5255
The bursary fvndreFxesents sumstransferred etth year bythexw. underthetefms ofthetrustdeed, calculated
as a percen¢3ge offees excluding those ￿￿15*d under fo￿datIo# bwgries. The percentsge5 this year were 6%.
6% and 1% for the Grammar School. the and Farrfield respe￿I¥￿y. Lw8hborou8h Amherst School
makes no cotitFibutio
After a re￿eW of the usa8e of Ihe knjrsary fvnd in ￿18 the governors ha* decided to ￿th¢e balance of the
nd io £f£il.000. Transfers from fee Ir￿Me ¢oMtnue to be made as described ai*)ve and any difference
between thÈ transler and the awird5 the year *ill be adJ￿ted ty on additiwal transfer to maintsin the fund
balance at £￿.000.
Therestricted NVWGrn7)mar￿ho0lCCF t￿lI￿￿f￿1 of £IOZ(W rewesentsa Cthtribution Iwthelocal cadetforce
toward5 the cost of a buildw% whith 15 beingchxgedta statementof ffinancialacts¥ites ¢)Verts￿ iifeof the
3&seL
47

G)vtrntti'ReKvrt ondFiftwriolSoiertJeni$
For1k￿t￿lé￿j3 A¥g¥i2021
qalns*)n aalance at ai
Bursary fvrKI
Burton bursarie5
A & PM shepherd
bequest
Gym
Equipment
BF tyson be
Parknn bequex
Coiiman beq￿
Wolfson bequest
GN Har¥eyfvnd
Bancroft bequest
5teinwryAppe•l
Hammersley
bequest
Priiefunds
Scholarslops
New Gfan%m•r
School CCF
BuildiT
The Old
LO￿9hb￿rlan
8enevolentfund
OLAFC
L075
110751
1231
1221
170
1020
171
I022
181
69
17)
{21
400
189
186
401
185
173
19
1121
21
1211
29
260
105
252
127
11171
(31
Is)
117
16}
74
restrirtedlund
Cockrell bequest
147
19)
142
Total
L319
11.2041
. Certasn Wdtson and Hammer4ey bequests raati￿ low*￿￿of￿￿eSand fittiw a￿ belnKd*r8ed tott
The Old Lthehburian Benv4dent Fund represtnts fvnds to be traf6kned to F￿ndatIonS Sthod5 folowin8 4
decision made by tPetNstees ofthe fund dLYln8 201L The fints will be used for objects conkined in the oriBinal
trust Deed of the Old I￿hbUrIan Benethnt Fund
The A&PM g*phvd and bequests iK(rne used to 5cWarstWP5 a¥Ardtd tr*f L￿htsm￿h
Gfammar5dth and ￿h￿(YOu8h Hl8hScP*4.
Theother restwl¢tedfiffNls •1 relateto Ixqutsts aThl dft5 tobe ￿ed fty spth or sthLlarshlps (note 181.

oughborough Scljpols ForKdofic
GOTryrn￿. Rc￿ ondFjnanrialSts*￿AemIS
Forihe *tsrendedJl 2021
2021
2020
£000
C•sh fftows fvom operatlry •ttl¥ltkn5
Netlnccffje/le%penditurel fortt*remire peritid1asperthestatem￿Offl￿aftcial
{8731
Adlu5tTr*nttr.
Depreciation charge
Dimdends. t￿e￿51 and rents re¢*ved from invesim
Decreasellincreaselin stock
Detreasellinc￿a$e1 in debtNs
Increase/{dec￿ase1 In credi1￿5
Increase/{dec￿asej in p￿￿$10n$
Gainlllossl cffj revaluauon of inbestrnents
Profit on di5Pts5al of inve51rnents
2J31
11381
2,205
11231
1961
13571
11.2471
91
Net luxdllprob4ded byopw•tlry
I.￿9
13941
21
alysisof Gharyesln netdebt
•al¥K•ai 31 Cash Fk**s Iioh as •t 31
AU￿$t 2021
Cash
6.390
Lo3n5 falbing due wthin oneye¥
19171
11,0281
Loans falli￿due aftermore than one
15.5591
1,028
14,5311
Finance lease objigations due within one
vear
Finance lease obllB411ons after more
thw one year
11241
11241
Tulals
49

Ayi 2021
Ngle5 fcThDtirn￿dJ
ftePa￿Thents are thR35 ft41tr
2020
Arnountsfallin8(*Je:
Within oneye¥
Belween andtsvo)
eetween Iwo and fvt years
530
670
Lender
HSBC Bank pk
Terni
7 years
85 Castle(fi￿ Street
Vari*¢ thar8ed•t L55% Ther base rate
Aft1P￿SaI(￿liS
Repayments ¥e due os fdlow5
2020
Withln one
Between one and two years
Afterfr￿ years
917
917
4917
Lender
Natwest knk PLC 6 yeats TBC- try NfhYnber2021 1 year interest f￿e. Irrterest rate after i year
137% base roie
14
TheTeachers' pen￿On Sd*me (TPS) is a strt￿ory. t¢mtrl￿, dtffftd ber*fit stheme. 8oNwr*d bytt
Teatherf Penslon Schemt Regulations 2014. Pknberstrop i50utrmatitts tea￿￿$. texhers ha* the
optlon toopt-QJt crf I￿rP5f011tym￿ er*olmenL
TheTPS is an unfunded sckne to *thlch both the mefflt>er and *nplwermakes ¢onirfbutlon5, as
percentage ofulary. Cofttrlbutlonsarecrethted tothe Exctww. Retyementand other
benefrts a￿ wd by Mwcfvnds prrmded ty P>llarr*nL
Valuaiion of tr*Teather< Penyon Sd*￿.
TheG￿￿mrnQntACtWry, usfjre rwjmial actuariat prirKi* efmd￿ts a fttmal acw¥i* reblewofthe TPS In
accgrdance w￿h the Pubk seThI￿ Pen*ons IValuab"onsand Ernploytr C05t Capl Dirertions 2014 published
HM Treaswy ewy 4years. The aim of the fe¥iew is to speufy thelr4d of (￿¥re Cthtribution5. Actuarlal
heme valuations arè deP￿efft On assumptions ab￿t the valueoffuture tosts. de51gn of benefits and many
other lattTh5. The lat￿ a¢￿￿laI￿aluaII0n of theTrSwas orried c•Jt as at 31 ￿1th 2U16. Theva￿all0Tr

Lou¥htWO4gh Schods Fowthiiort
Govenws'Rew1u￿FU￿￿C￿ls￿iemEffj$
Fori&F¢y¢ar¢nded31 2f)21
Icontinued)
report was published trltthe Depfftntfor Education on S Marth 2019. elementsofthe ￿lUatIOn
and subsequent consultatlon are..
. ernployer contrltwtion ra￿ sei at 23.68% of pen40r￿ pay Ilndudirrf a O.(*% athirlstraiion levyl
. totsl Scheme liats"Ibtie5 Ipensions Curren￿ in Pa￿￿ETht andthe estmnated cost of future btnefitsl forseryice
to the efferti￿ date of £Z18,ICQ ffldlioA arvj notio￿1 assets lestim•tedfvt¥re ￿ntrIbutIonS1O￿etherWlth the
notional Irwestments ￿ld at the valuation datel of £l%,IC¢I milliort. BI￿n9 a notional pastservtce deficit of
E211J)) million
• the SCAPE ratr, set b¥H￿, is wed to determine Mtional in¥esknent return. Thecwrent SCAPE rate is
2.4% abowethe rate of CPI. assumed real rate of Teturn ￿ 2.4% in exce55 of prices and 2% in excess of earnin8S.
The wate of real earniresBrch¥th 1$ assumtd to be 2.2X The assumed norninal r3te of return induding earnings
8rowth i54.45X.
The next valuatlon resuli is due tobe kmpkn￿nted from l fvwil 2023.
Theemwoyerfs pEn5ion c05ts paid toTPS in the period affic￿ted to£lS34.iXQ12020: £149LOfy)I.
A copy ofthevaluation leWt￿￿5￿p￿rt1Th8 documentati￿ is fy) t￿Tea￿er¢ Pen￿n$webslte.
Underthe definitity)sset out in FPS 102, the Tr5is an urrfunded mUlti-eM￿OyeT PEnsion scheme. The
Foundation has d￿￿Jntedf0r its contributionsio the sthen* as if itwtre a defined ¢￿tribUtIon s(￿me. The
Foundation has set out above theirtfemiati¢)n a¥al￿t on the sthem¢
In connectK>n the* role as 8o¥erntys of tr* thwitable company+ the recei¥pd relmbwsement
amountsn£ to £46912019.. £1.879lfor expews incwred
As at 31 2021 theth¥itst4ectynpanyh•d fu￿re minimum lease pa￿nts urrflernon<art¢dlable operatire
leases as follows:
2020
Explry date-.
Within l year
Be￿leen 2 and S years
Greater than 5 ￿ar
121
147
Totsl
270
51

F￿11￿)*￿re￿ded5I Au8uYi2021
14otos (CL￿tinued)
Durry theythv rechy of£54.1￿{202o: ￿(￿)1 T**re to subsidi*y urtdèrtaknn￿.
Profits of£ll&(th1202tr. th),IJXII wffe•ft aded totrexhool in lire*ith cw4nts.
Intknjed debt4)ws¢)n ther1￿￿table baarte sl*et ¥e4mtrJnts ¢7wed fromyoup ￿￿ertakin￿5 of £23LOOO
12020.. £303.¢JlQl of whlch £118.IUI12020: £230.(Wl relatesto a loan v*thith is fepardble ¥Athln oneyear. and is
3ubiert to Fnterest atO.5% per annwrL Dwir¥ y￿r interEst ol £LI)X)12020'. £L((Kil wa5 (￿r8ed <Y¢ loan
accountswith youp undertaklrys.
uecon c0n5tnKti￿ was appointed in Awst 20￿ frythe corotrucrion ofthe new8lrf5 doncestudlo. Bluecon
has submitted a valu*ion forffiftal a￿O￿Trt d£91.(mwhKh i5thwted by LSF3nd its QS a¢hi5er. Ne8Otiation$ #e
continuing in this respertand Setdts)￿ is ewrtedt*lthln the neXt￿n￿da1 ye¥.
TheGrNemtys considw thai thecomyny ha5no controllr* p*ty.
Loughbor0￿h Schods Foundations has ttyee t•*￿￿ ownwj sutsidi¥y th￿rtak￿r¢s whkh hwe been irduded in
the tonsdidèted finartia ststemems
Th<Jmas &Jrton tjevelopments Ltd has called up share captsl of £2. LSF Shc• Ltd has called up share ¢apital of £2.
The ihird subsidlary, L￿*borough khods InteMat￿fia1 lQSr4daol ilmited was inwrporated on 11 March 2020
and iswn5idered durnant 3Sat 31 Au8wt 2020and has c4led w 5hart¢awtal of EIOD.
ThesubsitharyrtysreTed dfKe5are ts Same aslor LO￿bOr0u8￿$ch￿0l5F0￿ftdat￿ffi wNch can befoundon pa8e
2 oftt* Gobtm(n' rewt.