## |||||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|