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2020-07-31-accounts

				PAGE
Annual	Report of	the Governors		1 —13
	Strategic	Report
	Directors'	Report
	Statement	of Governors'	Responsibilities
Auditors'	Report			14-16
Statement of Financial Activities				17
Balance	Sheet			16
Cash Flow Statement				19
Notes to the Financial Statements				20 - 34

		Unrestricted	Restricted	2020	2019
	Notes	Funds 5	Funds 5	Total 5	Totalf
INCOME FROM:
Charitable activities: School fees receivable Other income	4(a) 4(b)	8,728,845 1,063,369		8,728,845 1,063,369	8,831,140 f,455,068
Other trading income: Rent and other income Income from trading subsidiary	4(c)	77,539 55,809		77,539 55,809	43,344 19,138
Investments Bank interest		12,411		12,411	11,698
Voluntary sources Donations and grants	4101	160014	201 107	~7121	025407
Total income		~101 3907	201107	~10 05D04	~000 795
EXPENDITURE ON:
Charitable activities: School operating costs	5	9,368,092	3,500	9,371,592	9,086,280
Raising funds: Financing costs	7	90017		90017	~07 55
Total expenditure	5	~94 ~f0	~500	0469 D69	II 103035
Net income before transfers	6	637.878	277,607	915,485	1,501,860
Transfers between funds	18	211107	271 107
NET MOVEMENT IN FUNDS		908,985	6.500	915,485	1,501,860
FUNDS BROUGHT FORWARD AT 1 AUGUST 2019		14265 61	35DD	~1B911~	~127672 5
FUNDS CARRIED FORWARD
AT 31 JULY 2020	21

								Notes	2020f	2019f
FIXED ASSETS
Tangible assets								10	16,253,245	16,128,388
Investments								11	1
									16,253,246	16,128,388
CURRENT ASSETS
Stocks								12	4,602	8,926
Debtors Cash at bank and	in hand							13	424,537 ~2030 30	657,560 2 343549
									3,268,477	3,010,035
CREDITORS: Amounts		falling due within one				year		14	~240 311	~22020td
NET CURRENT ASSETS									1070166	717421
TOTAL ASSETS	LESS	CURRENT LIABILITIES							17,331,412	16,845,809
DRRD17DR0:6	t	7	Ill 0 5		~	t3	7	10	~2446 012	~2570 4
NET ASSETS								21	6Jlgg
FUNDS:
Unrestricted funds (including reserve off950,374) Restricted funds				a	revaluation			22 23	15,174,600 10 000	14,265,615 3500
TOTAL FUNDS

	2020		2019f
CASH FLOW STATEMENT
Net movement in funds	915,485		1,501,860
Loan interest paid Interest Income Depreciation Loss on disposal offixed assets	55,649 (12,411) 636,891		54,029 (11,898) 539,675 8,568
Impairment offixed assets Change in stock Change in debtors Change in creditors	32,462 4,324 233,023 ~30 471		(1,998) (97,988) ~640 I2t
Net cash generated from operating activities		I 825 952	I 350327
Cash flows from investing activities
Payments to acquire tangible fixed assets Receipts from sale oftangible fixed assets Loan interest paid Interest Income	(794,210) (65,649) 12411		(1,918,988) 2,000 (54,029) 11606
Net cash used in investing activities		~37445	~I5~02 9
Cash flows from financing activities
Repayments ofISEloan finance Repayments ofbank loan finance Draw down ofbank loan	(24,500) (197,689)		(24,500) (180,005) ~700000
Net cash (used in)/provided by financing activities		~222 189	795405
Payment on account scheme Payments on account utilised Receipts from payments on account	(715,321) 444 795		(561,032) 639 723
Net cash (used in)l provided by payment on account scheme		~270 526	78 59t
CHANGE IN CASH IN THE YEAR		495,789	285,214
CASH AND CASH EQUIVALENT AT THE
BEGINNING OF THE REPORTING PERIOD		2 343 549	2 078335
CASH AND CASH EQUIVALENTS AT THE END OF THE REPORTING PERIOD		~3!4338	~~44

INCOMING RESOURCES IContinued) CHARITABLE ACTIVITIES
Other income:	2020f	2019f
Chargeable extras —income Registration fees Flexible boarding fees	921,325 21,795 12D 249	1,292,732 23,000 139336
GENERATED FUNDS
Rent and other income:	2020	2019
Rent receivable Other miscellaneous	27,126 ~55 41	20,277 19,567

The unrestricted	figure of	f166,014relates to	the Coronavirus	the Coronavirus	Job Retention	Scheme grant received
from the UK Government.		See Note 23 for restricted		donations	analysis.
TOTAL RESOURCES EXPENDED
2020						Total
		Staff costs f	Depreciation f		Otherf	2020f
Charitable activities
School operating Teaching costs Welfare costs Premises costs Supportcosts	costs:	4,956,374 295,070 407,579 ~tt 24 00		188830 448,061	507 251 278,476 769,886 ~33	5,652,455 573,546 1,625,526 I 52D D63
		6043400		836a31	~16 1293	9371592
Raising funds Financing costs					~H 17	09 617
TOTAL
2019						Total
		Staffcosts f	Depreciation f		Otherf	2019
Charitable activities
School operating Teaching costs Welfare costs Premises costs Support costs	costs:	4,551,803 369,590 398,371 951529		145,554 394,121	884,575 367,089 656,660 360F88	5,581,932 736,679 1,449,152 I 3135tI
		627t 293		539675	22753t2	11080230
Raising funds Financing costs TOTAL			~5S75		97055 ~7~	1170.= ~au8
Included in support costs		are governance costs of		f50,914(2019:f54,400).

NET INCOME
					2020		2019
					8		5
Net incoming resources Depreciation oftangible Auditors' remuneration		are stated after charging: fixed assets —audit and accounts preparation		fees	636,891	539,575 ~11
FINANCE COSTS
Bank charges Loan interest Bad debt provision Disposal offixed assets					6,299 55,649 36,069	14,991 54,029 22,057 ~55
						f	I)7~
STAFF COSTS
Wages and salaries Social security costs Other pension costs Other staff costs	(see note 24)				5,434,776 506,194 894,389 5 549	5,	139,775 478,829 525,993 25 595
The average monthly	number of persons employed		by	the School	during the year	was:
					2020	2019
					No.		No.
Teaching Welfare					115 4		115 4
Support Premises					15 16		15 15
							150

TANGIBLE FIXEDAS	SETS
				Assets
	Freehold			under
	land and	Plant and	Motor	the course of
	buildings f	equipment f	vehicles f	construction	Totalf
DEEMED COST
At 1 August 2019 Additions Impairment Disposals Transfers	18,491,726 24,498 (32,462) 1 205 451	1 450783 26,930 (78,225)	287,122 64,667 (23,794)	592,366 678,115 1 205 451	20,821,997 794,210 (32,462) (102,018)
At 31 J 172020	10600193	I 309400	027 995	65 030	21 401 727
DEPRECIATION
At 1 August 2019 Charge for the year Disposals	3,230,264 507,817	1,229,090 91,995 ~7022	234,255 37,079 ~237 4		4,693,609 636,891 ~702 010
At 31J 172020	3738 0111	~7242 60	247 540		5 228482
NET BOOK VALUES 31July 2020	~L8L'L332~		~ILAs5.	~5dQg
31Ju/y 2019	~tLgIL2	~2/ 6	~2JIQ	~23JI5

Group undertaking	Group undertaking
Two Ordinary	shares off1 in Lambrook	Sports and Leisure
Club which One Ordinary	were gifted to the Company share off1 in Lambrook	School (International)
Limited

The Statement of Income And Reta July 2019was as follows:	ined Earnings for LSLC	for the year ended 31 July	2020 and 31
		2020	2019
TURNOVER		17,995	36,964
Cost of sales
GROSS PROFIT		17,896	36,964
Administration expenses		~52 353	~6727
(Loss)/profit before tax		(33,358)	30,237
Tax
(Loss)/profit after tax		~)345@	30237
Retained earnings at the beginning	ofthe year	33565	22166
(Loss)/profit for the year Gift aid donation		(33,358) ~tt 236	30,237 ~72 t35
Retained earnings at the end ofthe	year	~ttu352	~6335

12.	STOCKS	2020	2019
	Consumables	~8162
13.	DEBTORS:Amounts falling due within one year	2020f	2019
	Trade debtors —fees and extras receivable Amount owed by subsidiary undertaking Prepayments and other debtors	229,213 44,709 ~t ~ 615	502,760 1,518 t53202
14.	CREDITORS: Amounts falling due within one year	2020	2019
			8
	Bank loan (see Note 16) Amount due to ISE(see Note 16) Trade creditors Other taxes and social security Other creditors Fees received in advance Parents' deposits Pension scheme funding deficit Accru ale	313,608 24,500 95,938 122,311 237,627 454,973 524,502 6,019 157014 1,936,691	197,688 24,500 105,588 115,848 234,590 231,267 491,201 6,018 400431 1,854, 929
	Deferred income- Payments on Account Scheme (Note 17)	253 620	4371185
15.	CREDITORS: Amounts falling due after more than one year	2020 6	2019f
	Bank loan (see Note 16) Amounts due to ISE(see Note 16) Pension scheme funding deficit Deferred income-Payments on Account Scheme (Note 17)	1,219,120 731,500 21,183 175lill0	1,532,929 756,000 26,295 261 470 ~1~4

literatu	re.	Assuming pupils will remain at the	School fees on account will be applie	d as follows
			2020f	2019
Within Within Within	1 1 2	year to 2 years to 5years	253,620 91,829 03188	437,685 160,588 100 082
			3I2L529	JI98~15

The balance represents the accrued liability u are detailed as follows:-	nder the contracts. The movement	s during the y
	2020f	2019
At 1 August 2019 Fees received on account Utilised	699,155 444,795 ~715321	620,464 639,723 ~5610S2
At 31 July 2020

		Unrestricted	Restricted	Total
		fundsf	funds	fundsf
Fixed assets Net current assets Long term Liabilities		16,253,248 1,068,166 ~246 832	10,000	16,253,246 1,076,166 ~2445 843

		Unrestricted Restricted	Unrestricted Restricted	Unrestricted Restricted	Total
		fundsf	fundsf		fundsf
Tangible fixed assets Net current liabilities Long term Liabilities		16,128,388 713,921 ~25t8 694	3,500 18,128,388 717,421 ~2578 894
Charity funds at31Ju/y 2019		8u~f ~63		6
UNRESTRICTED FUNDS
	As at 1				As at 31
	August 2019f	Income f Expenditure f		Transfers f	July 2020 f
General Fund	13,262,774	10,103,687 (9,433,642)		271,107	14,224,226
Revaluation Reserve	982 84'I	~2467			950374
		20~mz ga6N'b30SI	=zzLsz		15&4JUIe
UNRESTRICTED FUNDS-	2019
	Asat1				As at 31
	August 2018f	Income f Expenditure f		Transfers f	Ju/y 2019f
General Fund	11,751,948	10,358,888 (9,183,935)		357873	13,282,775
Revaluation Reserve	1015307			~82 468	~284!
		MLW5JINI X&M~K	— ~2M		~14 55~

			As at 1				As at 31
			August 2019f	Income	Expenditum	Transfers	Ju/y 2020
Lambrook Development The Foundation Fund		Fund		321,907 3500		(321,907)	3500
						~f&K	~50

						2020 6	2019f
Financial	assets measured		at amortised	cost		3,113,259	2,853,434
Financial Financial	liabilities liabilities	measured measured	at amortised at fair value		cost	(3,195,162)	(3,701,048) ~Z~f

The Chaditable Company's income, expense, g summarised below	ains and losses in respect offinanc	ial instrume
	2020	2019
	5
Interest income and expense: Interest income	(12,411)	(11,698)
Interest expense Bad debts	55,649 ~LIE	54,029

26.	RECONCILIATION	OF NET CASH FLOW TO MOVEMENT	IN NET DEBT
			2020f	2019 5
	Increase in cash in the year Payment on account scheme Loan repayments		495,789 270,526 222 2	265,214 (78,691) 254 555
	Change in net debt		988,504	391,028
	Net debt at 1 August		866723	257 751
	NET FUNDS/(DEBT) AT 31JULY

NALYSIS	OF CH	ANGE IN NET	DEBT
			Net debt as		Net funds as
			at 1August	Cash	at 31July
			2019	Change	2020
			5	E
Cash at bank and		in hand	2343,549	495,789	2,839,338
Payments Loans	on account scheme		(699,155) ~25117t7 ~8~ye+	270,526 ~22 189 ~IKIIIL4	(428,629) ~2ZBS 928 ~Lt

	Unrestricted	Restricted
	Funds	Funds 5	Totalf
INCOME FROM:
Charitable activities:
School fees receivable Other income	8,831,140 1,455,068		8,831,140 1,455,068
Other tradingincome: Rent and otherincome Gift Aid from subsidiary	43,344 19,138		43,344 19,138
Investments
Bankinterest	11,698		11,698
Voluntary sources Donations		325407	325 407
Total income	~7036038	325407	~70 55795
EXPENDITURE ON:
Charitable activities:
School operating costs	9,086,280		9,086,280
Raising funds: Financing costs	97655		97855
Total expenditure	18393		~lt 78 935
Netincome before transfers	1,176,453	325,407	1,501,860
Transfers betttveen funds	321 907	321907
NET MOVEMENT IN FUNDS	'I,498,360	3,500	1,501,860
FUNDS BROUGHT FORWARD AT 1 AUGUST
2018 FUNDS CARRIED FORWARD AT31JULY2019	12 781255	~50	12 767255