Charlty registration number: 1170355 Company reglstratlon number. 09993570 LANDMARK INTERNATIONAL SCHOOL CAMBRIDGE COWANY UMttED BY GUARANTEE TRusfEES' REPORT AND FIP4ANaAL STATEMErirs FOR ThE YEAR ENDED 31 JULY 2022 A(Q3NBPF 22023 COMPANIES HtyJSE
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LANDMARK INTERNATIONAL SCHOOL CAMBRIDGE Page Trustees, reF Auditors. report 12 Statement of Financial Activities 16 Balance sheet 17 Statement of Cash Flows 18 Notes to the financial statements 19
LANDMARK INTERNATItY4AL SCHOO¥ CAMBRIDGE TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2022 REFERENCE AND ADMINISTRATIVE DAlls Charity name: Landmark Intemational School Charlty registratlon number 1170355 Company registrati¢n number Trustees 09993570 Trustees Mr Martin Beazor Mr John Barrett Mr Mark Dawes Mrs Linda Dennis Mr Andrew Rand Mr Richard 8rent Appointed as Chair 20104120 Appointed 18112118 Appointed 31103120 Appointed 01104120 Appointed 21109120 Appointed 30109121 Registered office The Old Rectory 9 Churth Lane. Fulbourn. Cambridgeshire C8215EP Key Management Personnel Gareth Turnbull-jones Headteacher Sabine Kite Bursar Carine Bennett Head of Primary and Designated Safeguarding Lead Sue Hilton-Taylor Head of Secondary MaryGreer Registrar & Careers Officer Jo Pulford Data and Tracking Coordinator Jenna Fritz Primary Years Programme Coordinator Georgie Palfrey SENDCO Penny Roche Secondary Years Programme Coordlnator and Designated Safeguarding Lead Audltors Price 8alley LLP Chartered Accountants & Statutory Auditors Tennyson House Cambridge Business Park Cambridge CB4 OWZ Bankers Barclays Bank plc Leicester LE27 2BB Page I
LANDMARK INTERNATIONAL SCHOOL, CAMBRIOGE TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2022 The Trustees of Landmark International School. Carnbridge are pleased to present their annual report for the financial year ended 31" July 2022. The Trustees report is considered to be the dirertors, report as required by company law. 08JECTIVES AND ACTIVITIES Landmark International Sthool. Cambridge wa5 formed in 2016 and is an independent school based just outside Cambridge in the village of Fulbourn. It offers a high-quality. carin8 and creative education within an intemational context. The school was set up by a group of like-minded parents and a member of staff whose children were already in the independent international school system but who wanted a 8ater$a¥ in shaping the ethos and delNery of the type of education that they vnnted for their children. The school opened in September 2016 with 40 students. During its first academic year, the sthool provided classes for Year 2 to Year 11 for children between the aees of six to sixteen. In the academicyear 2021-22 the school catered for children aged 4 to 16. The school has a rnaximum capacity of ICKI students. The school's objects as set out in the Articles of Association datrd 5th February 2016 are specifical restricted to promoting the education {including social and physical training) for the public benefit of people under the age of 25 years in such ways as the trustees think frt. including bv.. Awarding io such persons rSar1e5. maintenance allowan or grants. tenable at any university. college or institution of higher or further education: Providing their education {including the study of music or other arts). to undertake travel in rtherance of that education. or to prepare for entry to any occupation. trade or profession on leaving any edLFcational establishment. Vlslon and MIKlon Landmark International School's vision is to have a carin8 communitythat nurtures creativtty and inspires global citizens. The mission of the school 15 to prowde a human-centred approach to learnln& ensuring that each individual is nurtured to be self-directed creative thinkers that contribute to making their Communities and the world ar¢xJnd them a better place. Aim5 and objertive5 The overall aim of the school is to create a friendly community environment in which Brlttsh and international children can learn and develop. It aim5 to deliver an individualised educational programme for each student, focusing on the development of a thild's self-confiden£e by nurturing their academic talents and interests. The school has the following objettives: To be incluslve and non-selective and admit any thild whose needs can be appropriately met To employ inspirational teachers and provide lessons that are engaging and memorable To maintain small class siies and provide teaching that is tsilored to the needs of each student to ensure that all students achieve their academic potential. Page 2
LANOMARK INTER14ATJONAL SCHOOL CAMBRIDGE TRUSTEES. REPORT FOR THE YEAR ENDED 31 JVIY 2022 To delNer a high level of pastoral care To promote cultural awareness. equalityof opportunity. and tolerance and respert for others and prepare students to become global citizens To provide a rounded education and to intulcate a life-long interest in learning Academic Landmark International School is both an International Bactalaureate World School and a Cambridge Assessment Intemational Education School. To support an international curriculum throughoutthe school the school offers two international curriculums. In the primary school we offer the International Baccalaureate Primary Years Programme IIBPYPI and in the secondary school we offer the opportuntty to do Intemational GCSES across a broad range of subjec In the primary we follow a l)olistic model of learnin8 using themes to support our students in understanding the connections of their learning to the worfd around them. Using the framework of the IBPYP, students explore a range of relevant. engaging and universal themes through conceptual lenses. Learning is led through inquiry with a f¢XUS on student vol. choice and agency. leading to meaningful action. In each year of Primary. the students will explo relevant and engaging themes through a transdisciplinary approach to leambng. The subjert areas a integrated in order to enable authentic and relevant experiences. developing meanin8ful connettionstotheir learning. Students have the opportunity to build their conceptual understandings, knowledge and skills through the six themes.. Who we are How we express ourselves Where we are in place and time How we organise ourselves How the world works Sharing the planet In the prlmary sludents develop an In-depth knowledge In subjects so in addition to the topics we use resources to support the students, learning. For example in mathematics we use White Rose Maths and In English use elements of the national curriculum and start our reading and writing journey with Supersonic Phonic Friends. In the lower sttondary (year 7-91 we teach in disciplines and work closely together to make interdisciplinary connertions. The syllabus for the individual subjects Is developed by the teachers to best suit the student need5. ensure the curriculum is relevant to events that are occurrin8 in the world around them and prepare them for the next steps in their education. This is done through using resources such as the national curriculum. Cambridge Lowersecondarycurriculum and White Rose Maths to best support our choices in creating a rich curriculum for our Students. In addition to the more traditional subjects we enrich learning through additional classes such CREST and Global Discussions, in which students are provided with choice around what they leam. Page 3
LANDMARX Ip¥fERNATIONALSCHOOL, CAMBRIDGE TRUSTEES, REPORT FOR THE YEAR ENDED 31 JiILY 2022 In the upper secondary (year 10 and 111 students work towards CIE IGCSE qualifications. We support our students in finding the best combination of subjects for them. In addition. students have the opportunity to develop more vocational skills through ASDAN courses. Throughout the primary and secondary in keeping with the international outlook of the school, a range of language options is offered to students including Mandarin. Spanish. French and Latin. Overseas students are offered 'home and family language instruction. classes to help them acquire literacy and other skills in their first language. For students nee(ling e¥tra help with their English, the school offers lessons in English as an additional language, and intensive tuition in English if this is necessary. The wider curriculum Music, art, drama, media and photographyare partof the school curriculum. In addition, peripatetlc music teacher5 Wslt the school for individual instrumental and slnging lessons. Sport is an important part of school life and students are given the opportunityto try è broad range both as part of the physical education curriculum and as extra-curricular clubs at lunchtimes and after school. These include football. tennis, badminton. netball. squash. cricket. hockey and swimming. Lessons take place at the local sports facilities in Fulbourn as well as in Cambridge. Other activities such as yoga and martial arts take place in the school hall. The school offers wraparound care from 8am to 5.30pm in term-time. and activity clubs irt the holidays. After school activities include football. chess. drama and art. Charitable ActivÈties The school is a registered charity which means that every penny is invested entirely into the education of its children and provides for the future development and stsbility of the school. In setting its objertives and planning its activities. the school has given carefvl consideration to the Charity Commission's PLtblic benefit guidance. With this In mind. the school has the following public benefit objertives". To maintain student numbers at full capacity To forge links with the local community through shared resources and joint planning of activities. such as running a weekly Parentnoddler group and working with the local village to support Minibus transportation. The sch¢x*l has Put into place a means-tested bursary scheme to assist as many frdmilies as practicable. The aim is to try and ensure that any chikl who it is thought would benefit from the small leaming envlronment is not prohibited from attending because of financial arcumstances. Criteria for success In orderto measure suttess of the school. the followlng measures are tsken into consideration: A Biennial Communtty Survey for all stskeholders including students International Baccalaureate Inspections OFSTED Inspections GCSE. IGCSE and FSMQ results Page 4
LANDMARK IPITERNATIONAL SCHOOL CAMBRIDGE TRusfEES' REPORT FOR THE YEAR ENDED 31 JULY 2022 ASDAN Results Centre of Evaluation and Monttoring tests whith take place annually in the primary school and in year 7 and 10 in the secondary school. Working with the L<Kal Communlty and Publ1¢ Benefft The school has contrarted with a number of local tradespeople and other buslness people. It works with a public house in thevillage to provide xhool lunches, and it makes regular use of the local sports facilities. Notices for job vacancies are posted first in Fulboum High Street. at the Fu1uM Centre. on the Fulbourn Facebook page and in publitations in the surrounding villages. The sth¢)ol works diligently to ensu that sthool traffic is kept to a minimum and activety encourages more sustainable travel for staff and students. Staff. parents and visitors are instrutted to park their vehicles Within the school grounds and not on residential roads. Transport to and from school Is provided by three minibuses for students in Cambridge and the surroundin8 villages, which reduces congestion durlng dropoff and pick-up at the site. The school attively seeks the views of local residents and business owners and all those with an Interest in the school and welcomes visitors to the school bullding for fundraising and social events such as a regular quiz night. Students. staff and parents have worked together to raise fundsfor charities such as Children in Need and Sport Relief. It 15 hoped that by 5ettin8 a good example as a school, it can help to influence the expectations and behaviour of its Students as future citizens. actNe members of the community. and leaders. Grant making polky A means tested bursary scheme has been put in placeto encourage applications from students who would not otherwise be able to attend the school. This scheme fornis part of the school's ambition to offer the advantages of small classes, excellent teachers. strone pastoral care and a tru international environment to a broader range of families. The school has a bursary policy and it is important to trusteesto be able to offer subsidised places as part of its commitment to equality of opportunity and as part of the school's public benefit. This is also in line with the school's charitable objectives. Bursaries are available for students whose parents meet rtain income thresholds. Sibling discounts are also offered to parents with multiple children at the school. Long tem) oblecllves In the long term, the sthool aims to continue being able to provide education for the foreseeable future. In order to achieve this. the sthool would like to continue to increase awareness of its presence and offering in the local Cambridge area as well as intemationally. Relationships with relocation agencies and educational agencies have been forn)ed which are helping to build the school's reputation. The school has worked hard to become a valued member of the local community and has been forging links with local businesses such as the village pub, which provides its school lunches. the community centre which it rents for sporting facilities and by using the local shops and seThites. The school also aims to bLsild reserves to be able to continue in existence in the long terni. Page 5
LANDMARK INTERNATIONAL SCHOOI CAMBRIDGE TRUSTEES, REPORT FOR ThE YEAR ENDED 31 JULY 2022 ACHIEVEMENTSAND PERFORMANCE Achlevements The school has completed its candidate status for the International Baccalaureate Primary Years Programme in June 2022 In October 2022 the school was accredited as an 18 World School. which is able to deliver the International Baccalaureate Primary Years Programme. In June 2022 the school was accredited by ASDAN to deliver courses in the secondary school. Excellent I/GCSE results achieved in 2022: Landmark students Study for both CIE IGCSE examinations and GCSE examinations. The students received ICLVA A'_C1941 grades in Art, Computer Science. English Language. Geography, History, Languages and the Sciences. IIJO% of the students who took five GCSES or more. athieved five A'Q1941 grades including Maths and English. Overall. 61% of the results have been A. or A {9-71 grades and 98% have been A'-C1941 grade. We had a number of students who additionally completed the Free Standing Maths Qualification IFSMQI. The three students who took the qualific3tion all passed, wtth two of the students achieving the highest grade. Students from the schtjol won various awards and athieved a number of different certification5. These included winning the Cambridge Classical Association Latin Individual and Teèm Competition- various United Kingdom Mathematics Trust awards including a student being invited to the Mathematics Olympiad Competition,. the year 9 group winning the national My Sustainable Community- The Institute of Engineering and Technology Competition. The school continues to support CPD for311 of tts staff, thisyear's notable achievements have been having all primary staff members International Baccalaureate trained- èchieving the National Online Safetycertified school status.. having all primary and some secondary staff trained on our phonics scheme. Student numbers are at capacity for the first time. Thi% is despite the uncertainties caused by the global pandemic and Brexit. We continue to have 3 strong flow of enquiries. Various improvements have been made throughout the school to enhance the learning environment forthe Students, including double d¢)orsto an outdoow play fxility for ouryoungest students and the continual improvement of the library. INTERNATIONAL BACCALAUREATE ACCREDITATION VISIT International Baccalaureate Organization {181 has approved Landmark for authorization to offer the Primary Years Programme IPYPI- It means we a the 23rd school in the UK to be accredited to offer the PYP and the only school in Cambridgeshire to offer the prestigious programme. which is in its 25th Anniversary year. The international curriculum ha5 such synergy with our international values and we are delighted to be part of this forward thinking international community. Landmark completed its two year candidacy phase wtthin an academic year and was visited by two IB school visitors for its accreditation visit on September 29th and 30th. We received the report on school authorisation in October 2022. The report on school authorisation indicated that there were no matters lo be addressed and that the Khool was commended in nine different areas. Commendations identify school practices that are beyond the requirements for authorization and will benefit the implementation of the programme. Here is our list of commendations: Page 6
LANDMARK INTERNATK)NAI SCHOOL CAMBRIDGE TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2022 The governing body, adminlstrative team. leadership and staff all demonstrate a deep understanding of the 18 tthilosophy and have engaged in a variety of activities that demonstrate this. including acting as ambassadors for the philosophy and pedagogy of the IB. The Khool community actively ernbras and promotes the learner profile and Intemational rnindedness. outside the typical assemblies and newsletters. The school demonstrates a strong culture of open communication and respect and this is evident across the school amongst all stakeholders. The school effectively supports student language leamlng through supporting the development of students, mother tongues and the acquisition of other languages. includin8 the host countryor re8ional language and culture. The school provides workshops and support structures for parents. teachers and administrators to ensure full engagement wlth the PYP programme. The teachers and students are encouraged to take part and lead school initiatives. The school has frequent contacts with the rnemrs of the school community and promotes parent Involvement in the curriculum. The school has set up struttures to support farn1 tongue and home languages. The school provides clear communication of the assessment policy to the school community. The communty in turn demonstrates an understanding of and commitment to the PYP assessment philosophy. The school uses a variety of methods in commurhicatin8 its assessment philosophy* policyi and procedures to the school community. The school provides a comprehensNe reporting system which details student progress in linewith the PYP assessment philosophy in 3 timely and consistent manner. The school also ha5 a number of recommendations to provide 8uidan¢e for the school on further developing the programme. These focus on developing student action projects and the two year rotation of the programme. These are areas that we will be developing in our five year plan for the IBPYP. FINANCIAL REVIEW Fees and Bursarles The terrnly fees for 202112022 were a5 follow5: 2021122 2020121 Reception & Year 1 &2 £3,940 Years 3.4,5.6 £4180 Years 7,8.9 £4630 Years 10.11 £4730 £3.940 £4.326 £4.792 £496 Additional fees are charged for farn1 language lessons. additional English language lessons, addltional special educational 5UPPOrt, and some extracurricular actmties and school trips. There is an additional charge for lunches and for minibus travel to and from sth¢xil. The number of academic scholarships and bursaries offered in the year was 15 with an annual combined value of £87,974 è slight decrease on the previous year of £91.226. Bursaries awarded during the year are disclosed in note 5. Page 7
LANDMARK INTERNATIONAL SCHOOI CAMBRIDGÉ TRUSTEES, REPORT FOR THE YEAR ENDEO 31 JULY 2022 Going concern Unrestricted free reserves of the school at the year end. being unrestricted funds less fixed assets. were in surplus by £383.10612021: £248,539). The trustees have considered a period of 12 months after the approval of these financial statement5 and believe there is sufficient cash and funds to continue operation on a going concem basis. The school contlnued to facesome challenges caused bythe COVID-19 pandemicduringthe pastacademlc year. Despite this, student numbers have remained positive. The school's reputation ha5grown and there is more awareness of the provision the school offers within the Cambridgeshire community,. this has caused the number of enquiries to rise considerably. The school is aware that BREXIT will continue to present challenges. However, an analysis of the turrent parent body has been undertaken and the trustees are tonfident thatthe vast majority of school families have their residency and visa situation organised in a way whith means they will not be impacted by the BREXIT situation. The current energy crisis is also a concern which is being monitored by the school and contingency plans have been put in place to reduce enerw usage around the school. Given the school's increasing reputstional ststus. recent accreditstion as an18 World School, the positivity of our parent body, as well as the anatysis ol risk of current families in relation to BREXIT, the school Is confident that it will be in a positNe financial position throughout the forthcoming year. Flnanclal results FOR THE YEAR ENDED 31 JUIY 2022 In the 2021122 Kademic year the school reported a Surplus of £133,680 compared to a surplus of £85.113 In 2020121. The trustees tontinually monitor the school's solvency as part of their on-going risk assessment procedures and ensure that they follow the guidance specified in Charity Commission publication ccl2. The school is required to have a statutory audit as its revenue has exceeded £lm In the current year. In the academic year 202112022 the fee income was Sufficient to cover direct expenditure on educational activities. This was due to careful financial management and a further intrease in student numbers. At the year end the school had totsl funds of £521.563 {2021- £387,883), all of which were unrestricted. Unrestricted free reseNes of the school atthe yearend. being unre5tritted funds less fixed assets, totalled £383.IC612021.. £248,539}. As a tharity, the xhool receives tax exemption as well as an 80% reduction on business rates. These benefits are applied for educational purw5es and indirectly help to maintain its bursary policy. However. the school is unable to reclaim VAT input tax on its costs as it is exempt for VAT purposes. It also pays tax as an employer through the national insurance contributions it makes. Page 8
LANDMARK INTERNAMONALSCHOOL CAMBRIDGE TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2022 Resebves Pollcv The trustees recognise the need for prudent financial rnanagement of the school's resources and for building reserves overtime to meet its immediate objertives and protect its current activities. The aim is to build reserves to a position sufficient to cover one term's costs. whid). as per Landmark's current budget forecast. is currently £495.ocLI12021-. £439,oixII. The current Iree reseryes position 15 £383,10612021: £248.5391 as per Note 12. This is an improvement on the 2020121 academic year result. RISK MANAGEMENT The principal risks that the school face5 are- Brexit The trustees continue to consider Brexit to pose a potential risk to the school. The trustees have undertaken an assessment of those families whom we feel may be affected by this. The proportlon of students wtentially afferted is low. at less than IO%. The tnjstees will continue to monitor this going forward. Energy Crlsls The School and the Trustees are monitoring the ongoing energy crisis and looking at ways of reduclng costs. Continuous flow of student numbers Potential Student numbers are monitored On a weekly basis by the SLT and are Ported to the Trustees at each Trustee meeting. The school is fortunate to have a strong reputstion which has been built over the last few years and continues to grow. PLANS FOR FUtURE PERIODS The Trustees continue to investigate the possibility of renting the school building to an educational summer school for four weeks of the 2023 summer break in order to Supplement the schoovs income during the holiday5 and are also in talks whether to run a School based summer attivity programme. Before the COVID pandemic the School had been approached by a number of organisations who have expressed an interest in renting the school premises either duringthe school holidays or at weekends. The Trustees and the school leadership team are in dialogue with other establishments about the possibilty of renting iheir outdoor space to develop our outdoor learning programme. STRucfuRE, GOVERNANCE AND MANAGEMENT Strurture The school is a company limited by guarantee and a registered charity govemed by its memorandum and articles of aSS¢xiation. Key Personnel Decisions on the day-to-day running of the school are taken by the Senior Leadership Tearn ISLTI vjhlch consists of the Headteacher. Bursar, Registrar. Head of Setondary. Head of Primary IDSLI, Data Systems Page 9
LANDMARK INTERNATIONAL SCHOOL CAMBRIDGE TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2022 Coordinator. Secondary years Programme Coordinator IDSLI and Primary Years Programme Coordinator, SENDCO. The SLT meets regularly to discuss the operational aspects of the school. Strategic decisions are taken bythe trustees. who are responsible for monitoringthe overall performance of the school and ensuring that it meets its financial. legal and other regulatory requirements. Recrultment and Appolntment ofTrustees One new trustee was introduced to Landmark through contacts with an existing trustee. The school wlll continue to establish links with others in the educational sector. as well as approaching interested professionals from a variety of backgrounds in order to broaden the comwsition of the governing bodv. Declslon Makln8 Financial proposals. such as the budget and department budget allowances. are made together by the Headte3cher and Bursar. Trustees are informed during trustee meetings of new staff and building works/improvements. however they are only involved in the decision makine process when there is a significant financial impact as per the finènce pollcy. Remuneratlon These decisions are made by the Trustees as a group, with input from the Head Teacher and 8ur5ar. The current salary of a new member of staff joining the school. together with national guidelines and affordability of the cost bythe school and comparison wth otherschools. payments for similar roles would also be taken into account. Fundralslng The school understands its duty to protect the public. including vulnerable people. from unreasonably intrusive or persistent fundraising approaches and undue pressure to (ionate. but does not currently fundraise from the public or use any internal fundraisers or external fundraising agencies for either telephone or face-to-face campai8ns ènd received no fundraising complaints during the year. Related Partles Trustees are awa of the requirements surrounding related party transactions and monitor this closely. All transactions with related parties require approval by the trustees. Related party transactions during the year are disclosed in note 15. TRUSTEES, RESPONSIBIUTIES The Trustee5 (who are also directors for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in attordance with applicable law and United Kingdom Accountlng standards (United Kingdom Generally Accepted Accounting Practlce). Cornpany law requires the Trustees to prepa financial statements for each financial year. Under that law the director5 have elected to prepare the financial statements in accordance with United Kingdom. Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Under company law the Trustees must not approve the financial statements unless they are sat15fied that they give a true and fair view of the state of affair5 of the charitable company and of the incoming Page 10
LANDMARK INTERNATIONAL SCHOOL CAMBRIDGE TrUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2022 resources and application of resources. including the income and expendtture. of the charitable company for that period. In preparing these financial statements, the Trustees are required to: Selert suitable accounting policie5 and then apply them consistent. Observe the methods and principles in the Charities SORP 2019 FRS102 Make judgements and accounting estimates that are reasonable and prudent. State whether applicable UK Accounting Standards have been followed, subjert to any material departures disclosed and explained in the financk41 statements,. and Prepare the financial statements on the going concern basis unless it is inappropriate to wesume thatthe charitable company will continue in operats"on. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transartions and disc105e with reasonable accuracy at any time the financial poSitn of the charitable company and enable them to en5lt that the financial statements comply with the Cornpanies Art 2006. They are also re5wnsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities. The Trustees are responsible forthe maintenance and integrityof the corpK)rate and financial infomiation included on the charitable compan5 website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. DISCLOSURE OF INFORMATION TO AUDITORS Each of the persons, who are Trustees at the time vA)en this Trustees, report is approved, ha5 confirmed that.. So far as that the Trustees are avtare. there is no relevant audit information of whlch the charitable company's auditor5 are unaware, and that The Trustees have taken all the steps that ought to have been taken as a Trustee in order to be aware of any infom)ation needed bythe charitable company's audttors in connection with preparingtheir report and to e5t3blish that the charitable company's auditors are aware of that information. AUDITORS Price 8ailey LLP were reappointed as the charitable cornpanTrKs audttors during the year. SMALL COMPANY PROVISIONS Chair of Trustees In preparing this report, the Trustees have taken advantsge of the small companies. exemptions provided by section 415A of the Companies Art 2(Xl6. 22 Mar 2023 This reportwas approved bytheTrusteeson.........................................and signed on theirbehalfby: Martin Beazor Page 11
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LANDMARK INTERNATIONAL SCHOOL CAMBRID6E Opinion We have audited the financial statements of Landmark Intemational School. Cambridge (the 'charitable compan) for the year ended 31 July 2022 which comprise the Statement of FSnancial Artivities. the Balance Sheet, the Statement of Cash Flo. and notes to the financial statements, including a summary of significant accounting policies. The financial reportÉng framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable companvs affairs as at 31 July 2022, and of its incoming re50urces and application of resource5. including its income and expenditure. for the year then ended- have been proper prepared in accordance witll United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance with the requirements of Companies Act 2006. Basis for opinion We conducted our audit in accordance with Internation31 Standards on Auditing IUKI IISAS IUKII and applicatrAe law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial ststements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basi5 for our opinion. Conclusions rel*ln8 to 8oln8 concem In auditing the financial statements. we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements t5 appropriate. eased on the work we have perfomied. we have not identified any material uncertainties relating to events or condition5 that, individually or collertively, may cast significant doubt on the charitable company's ability to continue a5 a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees With respert to going concern are described in the relevant sections of this report. Page 12
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LANDMARK INfERNATIONAL SCHOOL. CAMBRIDGE Othei information The other information comprises the infomiation included in the trustees. annual report. other than the rinancial statements and our auditorfs report thereon. The trustees are responsible for the other information contsined within the annual rep)rt. Our opinion on the financial statements does not cover the other information and. except to ihe extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other infomiation and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be rnaterial mi55tated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemine vthether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed. we conclude that there is a material misstatement of this other infonnation, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters presulbed tythe Comparfes Art 2006 In our opinion. based on the work undertaken in the course of the audiL' the information given in the Trustees. report (incorporating the dirertors. report) for the financial year for which the finanaal statements are prepared is consistent with the financlal statemen15: and the trustees report has been prepared in accordance with applicable legal requirements. Matters on whlch we are required to report by exceffjlon In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit. we have not identified rnaterial misstatements in the Trustees Annual ReporL We have nothin8 to report in respert of the following matters in relation to which the Companies Act 2LX)6 require us to report to you rf. in our opinion= adequate accountlng records have not been kept. or returns adequate for our audit have not been received from branches not visited by us.. or the financial ststements are not In agreement with the accounting records and returns; or certain disdosures of trustees. remuneration specified by law are not made: or we have not received all the information and explanations we require for our audit: or the trustees were not entitled to prepa the financial statements in acwrdance with the srnall companies. Tegime and take advantage of the small companies. exemptions in pparIng the trustees report and from the requirement to prepare a strategic report. Page 13
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LANDMARK INTERNATIONAL SCHOOL CAMBRIDGE Responsibilities of Trustees As explained more fully in thetrustees. responsibilities ststement. the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of financial statementsand for being satisfied that theygive a true and fairview, and for such internal control as the trustee5 detemiine is necessary to enable the preparat)n of financial sLitements that are ffee from material misstatement. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable cOmpanS ability to continue as a going concern, di5cIosin& as applicable. Matters related to going concern and using the going concern basis of accountin8 unless the trustees eTther intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do 50. Auditorf5 responsibilities for the audit of the financtsl statements Our objectives are to obtain reasonable assurance about whetherthe financial statements as a whole are free from material misststement. whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted In accordance with ISAS IUKI will always detect a material misstatement when it exists. MisStatement5 can arise from fraud or error and are considered material rf. individually or in the aggregate, they could reasonabfy be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities. including fraud, are instances of non-compliance wtth laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of irregularities, including fraud. The exient to which our procedures are capable of detecting irregularities. including fraud is detailed below= We gained an understanding of the leBal and regulatory framework applicable to the charitable company and how it operates and considered the risk of material misstatement in respect of irregularities. including fraud and non-compliance with laws and regulations. This included those regulations directty related to the financial statements. In relation to the charitable company this included GDPR, health and safety. employment law. safeguarding and finantial reporting. We communicated the identified laws and regulations With the audit team and remained alert to any indications of non-compliance throughout the audiL We carried out specific PrOdreS to address the risks ideniffied. These included the following: Agreeing the financial staternent disclosufes to underfying sUPPOrting documentation to assess compliance with provisions of relevant laws and regulations (Jescribed a5 having a direct effert on the disclosure5 in the financial statements: Enquiry of management regarding laws and regulations as identified above that are applicable to the or8anisation,' Reviewing minutes of Trustee and Finance C¢)mmittee meetings- Ensuring that for an appropriate sample expenditure is adequate authorised in line with the schoofs systems: Testing journal entries and other adjustrnents for appropriatene55. and reviewing accounting estimates for evidence of management bias. Because of the inherent limltations of an audtt, there is a risk that we will not detect all irregularities. intluding those leading to a material misstatement in the financial ststements or non-compliance with Page 14
INDEPENDENT AUDITORS, REpoirr TO THE MEMBERS OF LANDMARK INTERNATIONAL SCHOOL CAMBRIDGE regulation. This risk increases the more that compliance with a law or re8ulatlon is removed from the events and transactions reflected in the financial statements. as we will be less likely to become aware of in5tsnces of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealmenL forgery. collusion, omi55ion or misrepresentstion. A further description of our responsibilities for the audit of the finarKial statements is kjcated on the Financial Reporting Council's website at= htt www.frc.o Our-wo Audi Audit-and- assurance Standards-and- uidance Stsndards-and- uidance-for-audttors Auditors-res onsibilities-for- De tion-of-auditors-res nsibilities-for-audit.as This description forms part of our auditorfs report. Use of this report This report is made Sole to the tharitable companrfs member5. as a body. in accordance with Chapter 3 of Part 16 ofthe Companies Art 2006. Our audit work has been undertaken so that we might state to the charitable companvs members those matters we are required to stste to them in an auditorfs report and for no other purpose. To the fullest extent perniitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable companrfs members as a body, for our audit work. forthis report. or for the oixnions we have fomied. Helena Wilkinson Bsc FCA DChA Senior StatutoryAuditor For and on behatf of PRICE BAILEY LLP Statutory Aijditor Tennyson House Cambridge Business Park Cambridge CB4 OWZ Oate.. 23 March 2023 Page 15
LANDMARK INTERNATIONAL SCHOOL CAMBRIDGE STATEMENT OF HNANCIAL AcfivmES (INCORPOIiATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2022 Totsl funds 2022 Total funds 2021 Unrestricted Restricted Note Income fram: Donations and legaue5 Charitable activities Other income 505 1,505.308 10.059 505 1.605.233 10.059 9,632 1.381,837 5.310 99.925 Totsl Income 1.515.872 99,925 1.615.797 1.396.779 Expendlture on: Charitable activities {1.382.1921 199.9251 11.482.117) 1.311.666 Net Incorne belng net movement in funds 133.680 133,680 85,113 Reconclllatl¢)n of fvnds: Total funds brought forward 387.883 387.883 . 302.770 T4)tal funds carried forward 521.563 521.563 387.883 The statement of financlal artivities Indudes all gains and10sses recognised in the year and therefore a statement of totsl recogni5ed gains and losses has not been prepared. All of the above amounts relate to continuing activities. The notes on pagès 19 to 29 fom part of these financial statemen Page 16
LANDMARK iTr¥fERNATIONAL SCHOOL CAMBRIDGE REGISTERED NUMBER: 09993570 BALANCE SHEET AS AT 31 JULY 2022 2022 2021 FSxed assets Tangible assets 138.457 139.344 Current assets Debtors Cash at bank and in hand 391,980 589.985 981.965 40,436 400,526 440,962 Creditors- amounts falling due within one vear io (536.6401 1118.787) Net current assets 445,325 322.175 Total assets les5 current liabli itie5 583,782 461.519 Credltors: amounts falling due after more than one year li 162.219) {73.6361 Net assets 521.563 387.883 Funds Unrestricted funds 12 521.563 387.883 Total eharity funds 521,563 387,883 These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Aci relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. 22 Mar 2023 The financial ststements were approved by the Trustees on .......... ...... their behalf by- . and signed on n Boaztsy Illar22. 2CO. 1053w) Martin Beazor Chair of Trustee5 The notes on pages 19 to 29 form part of these financial statements. Page 17
. LANDMARK INTERNATIONAL SCHOO4 CAMBRIDGE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2022 Note 2022 2021 Cash flow from operating artivities Net income for year Deprecration Profit on disposal of fixed assets Dividends. interest antl rent from investments Decrease/lincreasel in trade and other debtors Increaselldecreasel in trade and other creditors 133.680 4.279 8S.113 11.203 17951 212 16,174 116.4281 232 {351.5431 406.436 Net ¢ash flow from operatin8 aclivitles 193,084 95,479 Cash flow from investing activities Dividends. interests and rents from investments Proceeds from sale of assets Purchase of tsngible fixed assets 12321 1212) 5,669 110,9641 {3.3931 Net cash Ilow from Inves15ng actlvllles {3.6251 15,5071 Net Increase l (decrease) In cash and cash equlwdlents 189N59 89,972 Cash and cash equl¥alents at start ol year 4(Kl.526 310.554 Cash and cath equnmlents at end of year 13 400,526 The notes on pages 19 to 29 forn) part of these financial statements. Page 18
LANDMARK INTERNATIONAL SCHOOL CAMBRIDGE NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 ACCOUNTING pouaES The principal actounting policies are summarised below. The accounting pollcies have been applied consistently throughout the year and in the preceding year. 1.1. GENERAL INFORMATION The Landmark Intematlonal School. Cambridge is a private charitable company lim5ted by guarantee and 15 incorporated In England and Wale5. In the eventof the company beingwound up. members are required to contribute an amount not exceeding £1. There are currently six12021- sevenl trustees who are also the members of ihe charitable company. The Charitws registered address is The Old Rectory 9 Church Lane. Fulbourn. Cambrid8e, England. CB21 SEP. the Charitvs re8lStered number 1$ 1170355 and the Company re8lStration number is 09993570. 1.2. BASIS OF PREPARATION The finantial statements have been prepared in actordance with Accounting and Reportlng by Charlties- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportingstandard applicable in the UK and Republicof Ireland IFRS 1021 leffertlve ljanuary 20191- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Art 21XI6. The ftnancial statements have been prepared in pounds sterling and are rounded to the nearest pound. Landmark Intemational Sthool meets the definitlon of a public benefit entty under FRS 102. Assets and liabilitie5 are initially reco8nised at historical cost or transaction value unle55 otherwise stated in the relevant 3ccounting policy note. 13. GOING CONCERN The trustees have considered a period of 12 months after the approval of these financial statements and believe there is sufficient Cash and funds to continue operation on a going Coern basis. The school continued to face some challen8escaused bytheCOWD-19 pandemicduringthe past academic year. Despite this, student numbers have remained F)OSitive. The school's reputation has grown and there is more awareness of the provision the school offers within the Cambridgeshire community- this has caused the number of enquiries to rise considerably. The school is aware that BREXIT will continue to present challenges. However. an analysis of the current parent body has been undertaken and the trustees a tonfident that the vast majority of school families have their residency ond visa situation organised in a way which means they will not be Smpacted by the BREXIT situation. The current energy crisis is also a concem whith is being monitored by the school and contingency plans have been put in pla to reduce energy usage around the xhool. Given the school's increasing feputational status, recent accreditation as an18World School, the wisitivity of our parent body. as well as the analysis of risk of current farnilies in relation to BREXIT. the school is confident that it will be in a positNe financial position throughout the forthcoming year. Page 19
LANDWRK INTERNATIONAL SCHOOL CAMBRIDGE NOTESTO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDEO 31 JULY 2022 I. ACOUNTING POUCIES ICONTINUED) IA. FUND ACCOUNTING Unrestricted fvnds are available for use at the discretion of the trustees in fvrtherance of the general objectives of the school Restricted funds are subjected to restrictions on their expenditure imposed by the funder 1.5. INCOME RECOGNMON All income is included in the Statement of Financial ActNities when the school is entttled to the income and the amount can be quantified with reasonable accuracy. The following specific policbes are applied to particular cate8ories of income: Income from donations and legacies is reco8nised when the school is entitled to the funds, the amount can be measured reliably and when it is probable the funds will be ceiVed Income from charitable actNities relates to income from the provision of education. which 15 billed in advance of school tenns. and is recognised in the period to which it relates Incorne from govemment grants are recognlsed at fair value when the sthool has entitlement after any performance condition5 have been met, it is probable that the income will be received and the amount can be measured reliabty. If entitlement is not met then these amounts are deferred. 1.6. EXPENDITURE All expenditure Is atcounted for on atcruals basis and has been classified under headings that aE8re8ate all costs related to the category. Expenditure is recognised where there is a legal orconstrurtNe obligation to make payments to third parties. it is probable that the settlement will be required. and the amount of the obligation can be measured reliabty- It is categorised under the following headin8S: Charitable expenditure comprrses costs incurred by the school in the delwery of tts activities and seNices for its beneficiaries. It includes tr#)th costs that can be allocated directly to such artivities and those costs of an indirect nature necessary to SUPPOrt them Support costs are those that assisi the work of the school but do not directty represent charitable activities and include office costs and governance tosts. They are incuryed dirertly in support of expenditure on the objerts of the school. Govemance costs are included within support costs and include those costs associated viith meeting the constitutional and statutory requirements of the school and include the audit fees and costs linked to the strategic management of the school. Irrecoverable VAT is charged as an expense against the activity for which expenditure ar05e. Page 20
LANDMARK INTERNATIONALSCIIOOL CAMBRIDGE NOTES TO THE FINANCIALSTATEMErirs FOR THE YEAR ENDED 31 JULY 2022 I. ACCOUNTING POUCIES (CONTINUED) 1.7. FIXED ASSETS All purchased fixed assets are inrtially recorde(i at cost. Assets donated for use by the school are recoEnised as income when recervable and capitsli5ed at their open market value. Depreciation is calculated so asto write off the cost of an asset, less its estimated residual value. overthe useful economic life of that asset as follows: Leasehold improvements Equipment - Over the term of the lease 8 years straight line 1.8. DEBTORS Trade and other debtors are recognised at the settlement amount due after any discount or bursary offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accruing income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date. 1.9. CASH AT BANKAND IN HAND Cash at bank and In hand Includes cash and short term highly liquid investments with a short maturlty of three months or less from the date of acquisition or opening of the deposit or similar account. 1.10. CREOThORS Creditors are recogni5ed where the school has a present obligation resulting from a past event that will probably result in the transfer of the funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors a normally recognised at their settlement amounts after allowing for any trade discounts due. 1.11. FINANCIAL INSTRUMENTS The School only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. which is at cost. with the exception of: Flxed assets which are measured at cost less depreciation. Financial assets indude the trade debtors. the bank balance and attrued income IbLrt exclude prepayments). Financial liabilities include trade creditors. Other creditors, loans. attruals and deferred income but exclude social security and other tsxes due. Page 21
LANDMARK INTERNATIONAL SCHOO4 CAMBRIDGE NOTES TO THE ANANCIAL STATEMENTS FOR THE YEAR ENDED 31 JVLY 2022 I. ACCOUNTING POUCIES (CONTINUED) 1.12. PENSION cosrs The school operates a defined contribution pension stheme. Pension costs charged in the Statement of Financial Activities represent contributions payèble by the 11 in the year. 1.13. OPERATING LEASES Operating leases are recognised over the period of which the lease falls due. Benefits refjVed and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the period of the lease. 1.14. SIGNIFICANT ACCOUTrrnNG ESTIMATES In the application of the School's accounting policies. which are described above. the Trustees are required to make judgements, estimates and a55umptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other fartors that are considered to be relevant. Actual resvlts may dlffer from those estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimate5 are recognised in the period in which the estimate is revised if the rewsion affects only that period. or in the period of the revision and future periods if the revislon affects both current and future periods. The Trustees do not consider that there are any key estimates nor any critical judgements. There are no key assumptions concerning the fure. nor key sources of estimation uncertainty at the rertIng date that have SiEnificant risk of causing a material adjustment to the carTrn8 amounts of a$5ets and liabilities within the next financial year. 1.15. TAXATION The cornpany is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Art 2010 and therefore it meets the definition of a charitable company for UK corporation tsx purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capltal gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitsble purposes. INCOME FROM DONATIONS AND LEGACIES Restrlcted Total 2022 Total 2021 Donations & le8aaes 505 505 9,632 Income from donations received in 2021 amounted to £9.632 of which £9,632 related to unrestricted income and £nil to restricted income. Page 22
LANDMARK INTERNAMONAL SCHOOL CAMBRIDGE NOTESTO THE FINANausTATEMENTS FOR THE YEAR ENDED 31 JULY 2022 INCOME FROM CHARrrABLE AcrivmES Unrestrlrted Re$tted Total 2022 Tt)tal 2021 Fee Income Special Education Needs funding Catering income Mother tongue tuition fees Minibus income Exam entry fees Sport lessons Registration fees Sundry income 1.384.969 1,384.969 99.925 28.903 17.540 20,693 6,425 7,677 2,380 36,721 1.187.736 67,826 18,816 16.697 19.015 99.925 28,903 17,540 20,693 6.425 7.677 2.380 36.721 7,668 2,800 57,235 I.)5,308 99.92S 1,605,233 1.381,837 Income from charitsble activities in 2021 amounted to £1,381.837 of which É1.314.011 related to unrestricted income and £67.826 to restricted income. OThER INCOME Unrestrfrted T4)tal 2022 Totsl 2021 CIRS income 10.059 10.059 5.310 Page 23
LANDMARK INTERNATIONAL SCHOIX CAMBRIDGE NOTES TO THE ANANaAL STATEME1s FOR THE YEAR ENDED 31 JULY 2022 ANALYSIS OF EXPENDrruRE ON CHARITABLE AcnviTIES Dlrect Support Total 2022 Direct C05tS Support costs Total 2021 Staff costs induding agency Bursaries awarded Rent. rales & utilities Catering costs Teaching resources Professional fee5 Minibus expenses Insurance Sports Exam fees Ir & telephone Repair5 & maintenance Training & recruitment Finance costs Advertising Events Depreciation Bad debts Trips Sundry IProfitllLoss on disposal Charitable donations Bad debt provision Governance costs= Audit fees Other services 869,754 87.974 154.308 33,355 22.368 107.498 977,252 87.974 154,308 33.355 22.368 35.697 23.159 3.762 6.177 7.736 9.311 60.450 12.468 232 2.222 1,367 4.278 762.642 112.506 140,638 19.113 16.114 94.259 856,901 112,506 140,638 19,113 16,114 44,580 6,554 8,734 7.557 5.802 12,616 50.610 4.431 212 3.274 146 11,203 35.697 44.580 23.159 6,554 3.762 8,734 6.177 7.736 9,311 60.450 12.468 7.557 5.802 12,616 50.610 4.431 232 2.222 212 3.274 1.367 146 4.278 11.203 19,226 19,226 6514 3.795 3.795 375 {7951 6,514 375 17951 1.561 1,561 8.760 8.760 7.3 7.300 1.313.154 168,963 1.482.117 1.142.524 169.142 1.311.666 The school is considered to have only one activty. which is the provision of education services. PaEe 24
LANDMARK IpifERNATIONAL SCHOOL CAMBRIDGE NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 JULY 2022 STAFF COSTS 2022 2021 Wages Social security Pension costs 890,561 62.102 24.589 769,957 48,858 21,627 977.252 840,442 The average number of employees during the year. on head count basis. was a5 follows: 2022 2021 Teathing Administrative and support Management 17 16 20 li 42 38 During the year, the number of employees with employee benefrts (excluding employer pension costs) af £60.OIXJ or over was as follows: 2022 2021 £60,CW- £70.(MX) The school considers the key management personnel to be those detailed in the reference and administration infomiation in the trustee5' report. The total employee benefits of the key management personnel of the school were £366,20212021: £347.3421. NET INCOME Net Income Is stated after charging.. 2022 2021 Depreciation ProfitllLossl on disposal Auditor remuneration- audit fees Auditor remuneration - other seNbces Operating lease rentals- buildings Operatin8 lease rental- other 4.279 11,203 1795} 5.650 1.650 105.000 30,776 6.350 1.825 115.650 13.654 Page 25
LANDMARK INTERNATIONAL SCHOOL CAMBRIDGE NOTES TO THE FINANaALsfATEMEP¥tS FOR THE YEAR ENDED 31 JUIY 2022 TANGIBLE HXED ASSErs L&%ehold Equipment Improvements Totsl Cost As at l August 2021 Additions Diswsals As at 31 July 2022 155.800 10.699 3.393 166.499 3,393 Is5.8) 14,092 169,891 Depreclatlon As at l August 2021 Depreciation eliminated on disposal Charge for year As at 31 July 2022 21.1&1 5,996 27.155 3.614 24.774 665 4.279 31.434 Net book value As at 31 July 2022 131.026 7.431 138,457 As at 31 July 2021 134.640 4.703 139.344 DEBTORS 2022 2021 Trade debtors Prepayments and accrued income 361.345 30,635 16,157 24.279 391,980 40.436 Page 26
LANDMARK INTERNATIONAI SCHOO4 CAMBRIDGE NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 10. cREDoR5. AMOUNTS FAWNG OUE WITHIN ONE YEAR Z022 2021 Trade creditors Accruals and deferred income Other creditors Taxatlon and social security 22,754 415.642 80.905 17.339 2.659 29.206 72.235 14.687 536.640 118,787 |Deferred Income comprises income received in advance. Income deferred in the year relates to fees received in advance for August 2022 onwards. 2022 2021 Balance brought forward Amount released during the year Amount deferred in the year 3.354 13.3541 396.926 28.505 128,5051 3.354 Balance carried forward 396.926 3,354 11. CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR 2022 2021 Accruals- rent free period 62,219 73.636 Page 27
LANDMARK INTERNATIONAL SCHOOL CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 FUNDS al Analysls of current yeartotal funds Opening balance 2021 Closing balance 2022 Irbcome Expenditure Unrestricted general fund 387.883 1,515.872 11.382.192) 521.563 Restricted funds SEN funding 99.925 {99.9251 387.883 1.615.797 11,482,117) 521,S63 b} Analysls of Prf yeaTtotsl funds Opening balance Closing balance Z021 Empendlture Unrestricted general fund 302.770 1,328,953 {1.243.8401 387.883 Restricted funds SEN funding 67.826 167.8261 302,770 1,396.779 11.311.666) 387.883 Speclal Educatlonal Needs fundi This is funding received from the Cambridgeshire County Council in relation to the provision of education to children with special needs. Page 28
LANDMARK INTERNATIONAL SCHOOL, CAMBRIDGE NOTES TO THE FINANCIAL ATEME1{rS FOR THE YEAR ENDED 31 JULY 2022 13. RECONCIUATION OF NET DEBT As at l August 2021 Cashflows As at 31 July 2022 Cash at bank and in hand 4.526 189.459 589,985 400.S26 189.459 589,985 PENSIONS The Charitymake5 contributionsto a defined contribution stakeholder personal pension scheme on behalf of its employees. The charge to the Statement of Financial Activities represents those contributions payable by the Charity during the year. At the 31 July 2022 £7,565 was outstanding (2021.. £6,536). The contributions paid Into the scheme during the year totalled £24.58912021: £21.6271. 15. RELATED PARTY TRANSACTIONS Two children of the employees of the schs)ol atterKled the sthool during the year. foregoing fee5 of £22,63612021.. £20,094) Nil trustees were reimbursed expenses during the year12021: £Nil). There were Nil other related party transactions which took place during the year12021.. Nil). 16. OPERATING LEASE COMMifM£NTS As at 31 July 2022 the school had commitments to making payments under nononcellable operating leases as follows- 2022 2021 land and bulldln Within one year Between 2 and 5 year5 Over 5 years 119,750 439.SOO 955,058 119.750 464.250 1.060,058 Other Within one year Between 2 and 5 years 23,468 1,682 32.609 24.868 Page 29