Company No: 1091938
Charity No: 309099
Luckley House School Limited
Annual Report and Accounts
For the year ended 31 July 2020
Luckle
HOUSE SCHOOL
Luckley House School
(A Charitable Company Limited by Guarantee)

Luckley House School Limited
Mission and Core Values
for the year ended 31 July 2020
Mission Statement
To provide an individually focused, high quality education based on Christian principle5 that
inspire pupils to fulfil their potential.
Core Values:
Luckley House 15 built on the Christian foundations of love and service. We enable our students to
thrive in a secure and encouragng environmen( thereby equipping each Child to be resourceful and
resilieno and ready to tske life'5 many challenges and opporrunities.
Luckley House School
Luckley Road
Wokingham
RG40 3EU
vww.luckl hou5eschool.or
re
strar
luckl house5chool.or
Telephone: 0118 978 4175

Luckley House School Limited
Annual Report and Accounts
for the year ended 31 July 2020
Contents
Mission and Core Values
Page 3
Governors. Officers and Advisers
Report of the Board of Goyernors for the year ended 31 July 2020 including
Strategic Report
Page 5
Reference and Adminiscryative Information
Structure, Govemance and Management
Objects. Aims. Objectyves and Activities
Page 8
Public Benefit
Page 9
Review of Achievements and Performan￿ for the Year
Page 10
Financial Review and Results for the Year
Page 12
Future Plans
Page 12
Auditors
Page 13
Statement of Governors, Responsibilities
Page 14
Independent Auditors. Report to the Governors of Luckley House School
Limited
Page 17
Statement of Financial Attivities {Income and Expenditure Account)
Page 18
Balance Sheet
Page 19
Cash Flow Statrment
Page 20
Notes to the Accounts

Luckley House School Limited
Governors, Officers and Advisers
for the year ended 31 July 2020
The Governors and Directors who served during the year were:_
Revd G R Curry
The Lady Farmer
Drj D Ledger
Mr B Gardiner
MrsCATao
Mr A Imlay (Chair of Bu5ine5s Cornrnittee)
Mr D Kratt
Mrs L Horrocks
Mrs E Taylor
Mrj Richard50n (Chair appointed l January 2020)
Mrs S Laschinger (appointed 4 August 20201
member of the Business Committee.
Key Management Personnel
Headmistress
Mrs J Tudor (resigned 31 August 20201
Mrs A Bizior (appointed I September 2020)
Bursar, Clerk to the Governors
and Company Secretary
Mr N Patterson
Page 3

Luckley House School Limited
Governors, Officers and Adviser5 (Continued)
for the year ended 31 July 2020
Advisers
Bankers
National Westminster Bank PIC
5 Broad Street
Wokingham
Berkshire
RG40 1 FH
Auditors
Crowe U.K. LLP
Aqui5 House
49-51 Blagrave Street
Reading
Berkshire
RGI IPL
Insurance Brokers
Access Underwriting Limited
Selsdon House
212-220 Addington Road
South Croydon
Surrey
CR2 8LD
Address and Registered Office
Luckley House School
Luckley Road
Wokingham
Berkshire
RG40 3EU
wv*w.luckle
house5chool.o

Luckley House School Limited
Governors, Report
for the year ended 31 July 2020
Reference and Administrative Inforniation
The Board of Governor5 pr￿ents the reporr and accounrs of Luckley House School Limited for the year
ended 31 July 2020. The accounts appear in the format required by the Charities SORP {FRS 1021. The
report and accounts also comply with the Companies Act 2006 as Luckley Oakfield School was
incorporated by guarantee in January 1973 and changed its name to Luckley House School on S August
2013. It has no share capital and 15 a r￿stered charity. The guarantee of each Governor is limiied to £ l.
The governing document is the Memorandum and Arricle5 of Association of the company and Governors
are the Director5 of the company.
Resume of Luckley House School
Luckley-oakfield School Trust Limited (Luckley) vrd5 founded in January 1973. Oakfield School originated
in the Lake District in 1895 and merged ￿th Luckley School, which was established on the present 51te
in 1918, to form Luckley-oakfield School in 1959. The name of the school was changed ro Luckley House
School in 2013. Luckley is a registered charicy number 309099. The re￿stered company number is
01091938. The Luckley Directors. Governors and executive officer5 are listed on page 3. Parricular5 of
the Charity's profession31 advisers are given on page 4. In January 2004 Luckley-oakfield School was
designated as a school with a religious character under The Religious Character of Schools {DeSigna￿d
Procedure} (Independent Schools) (EnOand) Regulat10115 2003 with the relevant religious denomination
of Church of England, Evangelical.
Structure. Governance and Management
Governinz Document
The Charity. a company limited by guarant* is governed by its Memorandum and Arricles of Association
dated 23 January 1973.
Members
The members of the Trust are appointed by Church Sociery. Church Society is a registered chariry
(Charity No. 249574).
Governing Board
The Board of Governors consist of Governors who are also company direttors and trust*s of Luckley
House School. The details are as mentioned and listed on page 3.
Recruitment ond Troining of Governor5
The Chariry's elected Governors are appointed at a meeting of the Board of Governors to fill specific skill
requirements and on the basis of their personal competence, specialist skills and Christian eligibility. They
will also have met with the Chairman of Governor5, one other Governor. the Head and the Clerk to the
Governors and have visited the School. New Governors are given copies of 'Guideline5 for Governors.
and the governing document, and inducted into the workings of the Chariry and School including Board
policy and procedures, through details of recent meetings. including sirategic plannin& and through
meetings with the Head and Bursarlclerk to the Governors. Details of on-going training are provided by
the School to Governors and include events organised by AGBIS {Association of Governing Bodies of
Independent Schools), ISC {Independent Schools Council) and other educational andlor professional
dies. The Board also meet5 annually, in addition to normal meetings for training and Strategic Planning.
Page 5

Luckley House School Limited
Governors, Report (Continued)
for the year ended 31 July 2020
Orgoni5otionol Management
The members of the Trust meet at the Annual General Meeting to fulfil Their responsibilities and the
Board of Governors is legally resFX)nsible for the overall management and control of Luckley House
School, and meets Lt least three times a year. The work of implementing Member and Governor policy
is carried out by the Business Cornmittee and the Education Committee who also meer three umes each
year before the Governors, meetings. A Governan￿ Committee meets twice each year to review all
aspects of Governance including recruitment of new Members. The Academic & Pa5coral Committee
reviews and monitor5 all aspects of school safeguarding.
The day to day running of the School 15 delegated to the Head, supported by the senior leadership team,
senior management team, and to the Bursar. The Head and the Bursar attend all Governor meetings.
eommlttses and sub-committees.
The remuneration of key management personnel is set by the Board, with the policy objettive of providing
appropriate incentives to encourage enhanced perfomiance and of rewarding them fairly and responsibly
for their individual contributions to the Company's success.
The appropriateness and relevance of the remunerntion policy is reviewed annually, including reference
to comparisons with other independeni schools Eo ensure that the School remains sensitive to the
broader issues of pay and employment condition5 elsewhere.
We aim to recruiL subjett to experience, at the lower to medium wint within a band. providing scope
for rewarding excellence. Delivery of the School's charirable vision and purpose is primarily dependenc
on our key management personnel and staff costs are the largest single element of our charitsble
expenditure.
Relationship with non- charitable subsidiary
The charity has a wholly owned non-charir2ble subsidiary. Ltjckley House Enterprises LimiTed, which was
incorporated on 26 October 2000. Further details are shown on the balance sheet and accompanying
notes to the accounts.
Other Relationships
Luckley House School supports the attainment of the highest standards in the Independent Schools settor,
through networking wth other schools and being a member of The Society of Heads, BSA (Boarding
Schools Association), AGBIS, ISBA (Independent Schools, Bursars Association) and is a foundatton
member of TISCA ￿ he Independent Schoo15 Christyan Alliance). The School also cooperntes wrth many
local organisation5 and charities in its ongoing endeavours to widen public access to the schooling it
provide5, to optimise the educational use of our cultural, sporting and residential facilities and to promots.
in its pupils, in the public interes[ awarene55 of the social context of the all-round education they receive
at School. The School continues to develop further link5 with our alumnae and with parents through LHF
{Luckley House Friend5}.
Risk Monogement
The Luckiey House School Board of Governors is resp)nsible for the management of the risks faced by
the School and has identrfied the main areas of risk as being.. Strategic. Operational. Financial and
Compliance. Detsiled considerations of risk are delegated to the Business Committee. Major risks to
which the charity is exposed have been identified and assessed, and controls have b￿n estsblished
throughout the year. A formal review of the charity's risk management mapping processes is undertaken
annually.
Page 6

Luckley House School Limited
Governors, Report (Continued)
for the year ended 31 July 2020
The Governors, in their opinion. have established resources and review systems which, under normal
conditions, should ￿loW these risks to be mitigated to an acceptsble level in its day to day operations.
Objecty Aims. Objectives and Activities
Charitable Objects
The objett of the charity as set out in the governing document is to promots and provide for the
advancement of education in a context of Christian principles.
Public Benefit Aims aftd Intended Import
Through rhe charitsble objects above, the public benefit Core Values and Aims have been reviewed by
the School Governors, as outlined on page l. Based on Christian principles. Luckley House School aims
to provide a high qualiry independent education, both through strong academic tuition. and through
developing wider sporting, artystic and Social ski115 in all its pupils. This is intended to provide an
environmeni where each pupil is inspired and Cdn develop and fulfil their potential, thus building self-
confidence and inculcating a desire to contribute to the wider communiry.
Objertives for the Yeor
to maintain the Schcx)I's current high standards of academic performance measured against
extemal public examinarions. allowing full scope for the development of sporting and social
skills., and to maintain the current high leve15 of pastoral care
to continue to promote new entrano means-testsd bursaries up to the equivalent of three
full-fee-paying place5 again this year (includes l 00% bursaries). Bursaries are provided for
pupils who would not otherwise be able to take up a place at the School because of the
financial situation of a parent or guardian. thus widening public access to a Luewey House
School education
to contTnue c7piral expenditure: to extend educational computer facilities, to further
develop teaching and learning and communications
to continue building mutually support5ve links wth other schools in our locality and
encouraging greater community access to our facilities outside school hours including
Christian residential summer camps.
Strategies to Achieve the Yearfs Objertives
Strategies included ongoing review of the academic syllabi used and benchmarking academic standards
against external public examinations and independent value-xdded critsria. These are complemented by
a wide range of pastoral stratrgies. based on Christian principles. to develop the whole person. Key to
all these is maint2ining the expertise of tsaching, pastoral staff. ensuring succession planning and conunued
staff developmenL Furtherance of our links with local junior schoo15 in both the maintained and
independent sectors concinues to facilitaTr wider communiry access to Luckley House School and its
facilities.
Principal Activities of the Year
The Chariry principally provides education to children from the age5 of I I to 18 in Wokingham from a
catchment area across Berkshire, Surrey, Hampshire and Oxford5hire- and takes boarding pupils not only
from a local catchment but nationally and internationally.
Page 7

Luckley House School Limited
Governors, Report (Continued)
for the year ended 31 July 2020
In the academic year ended July 2010 the School had 306 pupils (2019.- 274)- There was three form entry
into year 7 and there is continued intsresc in the School for entry in fijture years.
The School continues to appeal to an expanding overseas clientele giving a valued internationai flavour
and understanding of other cultures.
Gmnt-making Policy
Governors have regard to Charity Commission genertl and sub-sector guidance on Public Benefit. The
Governors, policy, in line with that of OTher independent schools, is to make scholarship awards on rhe
basi% of the individual's educational ability and bursaries according to a financial assessment of parenral
financial situation. 'New Pupil. Means-te￿ed bursaries equivalent to three full-fee-piying pupils (including
I OOY. bursaries) are being offered for entry across the lower school and Year 12. where a pupil would
not otherwise be able to take up a place ar the School because of the financial situation of a parent or
guardian, thu5 widening access to a Luckley education. All awards are reviewed annually.
This year, 2 pupils re￿iVed l OOY. Bursaries (2019.- 4 PuPils}- The value of all means-tesred 'New pupi15
Bursaries exceeded £331 K (2019.. £355K) with other additional means-tested hardship bursaries of £67K
(2019.- £127K) to relieve hardship where a pupil's future education would be at risL- all made from
unresrritted funds. Scholarships made to the School's pupils were £204K (2019.. £161 K) and awards of
£560K in allowances, including an exceptional COVID discount totalling £295K, (2019.. £203K). all made
from unre5tricced funds.
Volunteers
Luckley House School is forcunate to have an excellent relationship with Luckiey House Friends. The
Luckley House Friends Committee have arranged social actiyities for pupils. parents and che local
community throughout the year.
The School continues its links with former pupi15 through its alumnae.
Public Benefit
The charitable purpose of Luckley House School is the advancement of education and is for public benefiL
The Governors of Luckley House School are commitced to education and to broadening access to the
School. Governors use a wide range of opportunities and have complied wilh their dtjty in s.17{5) of che
Charities Act 201 I to have due regard to the general and relevant Su￿seCtor guidance concerning the
operation of public benefit published by the Charity Commission in exercising their responsibilities as
Governors.
Education for Pupils
We support the attainmenc of the highest standards in the Independent Schools settor. Our pupils achieve
excellent results (see also page 9). stsff act as markers and moderators for public examinations and we
support the induttion programme for newly qualified teachers. The teaching profession benefits from the
training and continuous development programme and in service training for Luckley House School staff as
they move between schools and edueation secrors. We continue to develop our links with local junior
schools in both the mainrained and independent settors.
Page 8

Luckley House School Limited
Governor5. Report (Continued)
for the year ended 31 July 2020
Bursories
Commitment to broadening access to the School includes offerin& to eligible parentslguardians. means-
tested financial support for the payment of schools fees. These Bursaries may be awarded in the form of
a reduction of up to l 00% on school fees payable. depending on the financial circumsTrnces of applicants
and are subject to repeat testing of parents needs each year. It is the child's suitability for the school that
is the first consideration in granting supporL The amount of the bursary award is not influenced by the
level of the academic ability of the child but by the extent of need. Each case is assessed on its own merits
and awards are made accordingly, subjett to the School's ability to fund these within the context of what
is viable according to the School's overall budgeL Information provided by the School alerting the
parents/guirdians of potential pupils to the possibilicy of gaining means-tested financial support with the
payment of schools fees is adyertised in the School prospettus. the Sch¢)ol websiw advertising flyers, the
local press by means of idvertisements and during open daY￿mornIng$.
Pupil Activities
Over che course of the year pupi15 raised £2.1 K (2019.- £2.7K) for charities both National and International.
Use of Focilities
We also cooperatr with many local organisations and charities to optimise the educational use of our
cultural, sporcing and residential facilities and to promote, in our pupils, in the public interes( awareness
of the social context of the all-round education they receive at School. In add￿On to our SFK)rts facilities
and theatre being used by local club5 and organisations, the residential facilities continue to be utilised
during vacation periods to benefit other Christian faith and educational groups who would not otherwise
be able to hold educational conferences.
Strategic Report
Review of Achievements and Performance for the Year
Operationol Performance of the School
The newty refurbished Sixth Form Centre Wds opened at the beglnning of the academic year. The new
facility with its modern and vibrant style has set the Sixth Form apart frorn rhe rest of the school and
given the siudents a new level of independence.
A number of trips and events were organised in the autumn term culminating in the beautiful candlelit
Carol Service at All Saints Church and outstanding musical performances at the Christmas Cheer Concert.
Many sport matche5 and tournaments in a wide variety of sports, took place at the beginning of the
academic year. One of the highlights was for the U I Vl 3 Girls, who took part in the ISA National Hockey
finals at the Olympic Park. One of our pupils represented Luckley in the ISA London-west Regonal finals
in swimmin& winning Gold in her age group for both Butterfy and Breaststroke. The Boarding communiry
enjoyed the first half of the year as a strong family unit with Heads of Boarding providing a safe, fun and
caring environment for all our boarders. Short term boarders from Spain and Germany added an extra
dimension to the boarding communiry. Weekend trips included go karcing. kayaking, Thorpe Parl Escape
Room. shopping trips and cultural trips to London and Wind50r. A promotional boarding-themed film
was PrOdu￿d which gave a real tlavour of boarding life at Luckley.
Page 9

Luckley House School Limited
Governors, Report (Continued)
for the year ended 31 July 2020
During the Spring Term there ￿as a whole•school production of Grease. and one of our pupi15 also made
ic through to the District round of the Young Chef Competition. World Book Day was marked with a
full programme of activities in school. A5 the term progressed school life srarced to change,- sports
matche& trips and events were grndualty cancelled as the extent of the coronavirus became clear. On 20
March we closed our doors as the national lockdown Was announced. Our teaching and learning moved
onto a remote learning programme. Pupils engaged in live le5son5 from their homes, as well as an extensive
well-being programme. Teaching stsff found new way5 to deliver exciting enrichment activities to
supplement the academic progrnmme. including wrcual concert5 and drama perfomances. a virtual SForts
Week and an animal-themed 'Vinual Day Out, for our Year 7 pupil5.
Our GCSE and A level students results were good, 72% of GCSE grades at 7-9 and 65% of A level
grades at A*_B.
At the end of the academic year we bid farewell to our Head. Mrs Jane Tudor after 8 years at the helm.
During her leadership. the School grew by 90 pupils and academic standards were raised. Mrs Tudor
took u5 successfully into lull coeducation, la the change of name to Luckley House School and oversaw
an extensive programme of facilitie5 developmenL She will be remembered for her love of learning and
her desire to share her pa55ion for life with both staff and pupils.
Fundn7isinz Perforn?once
The charity had no fundraising activities requiring disclosure under S162A of the Charities Act 2011.
Invertment Perforn?ance against Objectives
Apart from the subsidiary undertaking mentioned in the Balance SheeL the School has no material
investments and any short- trrm credit monies a￿ placed in bank cash deposits.
Financial Review and Results for the Year
Review of Financial Artiyity
On the 20th March 2020 Ehe school was closed ro pupils and the Luckley communiry moved onto a
remote learning platform for the rest of the academic year. To compensate for this change in education
provision a fee discount was given for the summer tsrm. The closure also resulted in aloss of rental
income to both the School and its subsidiary. However, we were able to reduce costs in a number of
areas and also benefitted from the Government Furlough Scheme with most of our 5upporr staff being
put on Furlough until the end of the term. Our parents, pupils and the whole school community
embraced this change and our remote learning ￿d5 well received and even resulted in a number of
additional pupils being enrolled during this period.
Although the start of 2020 has seen a lasting impact on boarding for the stsrt of this academic year we
do envisage boarding returning to pre-COVID levels and the school is ready to face any future change5
that the current epidemic may cause.
The Board of Governors remains focused on strategic planning with sound financial stracegy and control
conunuing Lo be exhibited. Current Assets have increased by 29Y. {2019.- 39°AJ.' creditors falling due
within one year have increased by 16% (2019.- 20%) resulting in an increase in net current assets.
The year end result shows an operational deficit. Pupil net fee income ￿as up 4%, (2019.. UP 16%) costs
have been vigorou51y controlled and managed and we anticipate an upward trend in the coming years.
Page 10

Luckley House School Limited
Governors. Report (Continued)
for the year ended 31 July 2020
Re5erwe5 Policy
The School needs reserves to ensure it can fijlfil and complete the charitable obligations and commitments
it enters into.
The Chariry'5 policy is to Tnvest in premises and equipment to 5UPPOrt the bu5ines5 and educational
requirements of the Charity. while ensuring adequate financing of day-to-day operational needs and the
miintenance of adequate reserves to meet any contingencies as they arise. Therefore reuined surpluses
I￿ not held as free reserves. but are normally utilised for improvements to the Charities facilite5. This
policy is supported by external financing as and when necessary which is allocated to specific capital
projects.
At the end of the financial year the level of reserves stood at £9.5m (2019.. £9.6m) wtth no freely available
reserves (2019.. £308k). £24k of the reserves {2019.. £26k) remain in restricted funds to be used for the
development of a fundraising offic
The move to becoming a coeducational school combined with ocher marketing strategtes are proving
successful wth the schcx)l entsring its fifth consecutive year of growth at year end. As this trend continues
Governors have every confidence thatthe school wtll reach its reserve5 target within an acceprable period
of time.
Investment Policy and Objectives
These are governed by the Memorandum and Articles which perrnit monies not immediately required to
be inVeS￿d in such invesunents, securitie5 or property as may be thought fit subjett to conditions imposed
or required by law.
Principal Risk5 and Uncertainties
Business, Compliance, Governance and Education risk are reviewed regularly by the relevant Governor
Committee while strategic risks are considered at the Governors, annual Strntegic Planning Day.
Ensuring the long term Yiabiliry of the School continue5 to be of the highest priority for Governors.
Bearing in mind the School's current Strength5 and traditions, whilst also looking to the future. the
Governors through the year have carried out exten5iYe research and consultation to assess fvture local
and national demand5 and how the School Cdn best fulfil its vision for the next l 00 years.
Health and Safety is always a significant area for risk management. The School Health and Safety
Committee reviews regularly all related policies and an outside consultant audits all risk assessrnents and
procedures and reports to that committee.
Page 11

Luckley House School Limited
Governors. Report (Continued)
for the year ended 31 July 2020
Future Plans
During the year the Luckley House School Governors have been reviewing 5trdtegtc planning and aims.
The key objectives within the current plan are-
to maintain the current high S￿ndardS of academic achievement as measured by external
public examinations and independent value-added criteria
to balance acadernic achievement through maintaining a curriculum allowing full scope for
the educational developmenL of sporring and social as well as academic skills
to maintain the current high levels of pastornl (2re
to continue to promote new-entrant means-tested bursaries up io the equivalent of three
full-fee-paying places {include$ 80Yty bursaries} so as to widen public access even further
to the schooling we can provide
to continue to extend educational computer facilities to all pupils and teachers as part of
our scrategy of encouraging new forms of learning and communication.
to continue building mutually supportive educational links with other schools in our
localiry 2nd encouraging greater educational community access to our facilities outside
school hour5
Auditors
Sts far a5 each of the governo￿ is aware. at the time the report is approved: there is no relevant audrc
information of which the company's auditors are unaware,. and the governors have taken all steps that
they ought to have taken as governors in order to make themselves aware of any releydnt audit
inforrnation and to e5tabli5h that the company's auditors are aware of that information.
Crowe U.K. LLP have expressed their willingness to contynue in ofFice as auditors and a resolution
proposing their re-app)intment will be submitted to the forthcoming Annual General Meeting.
The Governor5 Repo￿ under the Charities Act 201 l.and the Companies Act 2006. was approved by
the Board of Governor5 on 21 November 2020 including approving in their capacity as company
directors the Strategic Report contained therein, and 15 signed as authori5￿ on its behalf by.
Mr J Richardson
Chair
e 12

Luckley House School Limited
Statement of Governors, Responsibilities
Statement of Governors. Responsibilities
The Trustees (who are also directors of Luckley House School Limited for the purposes of company
law) are responsible for preparing the Governor5 Reporc and the financial statements in accordance
with applicable law and United Kingdom Generally Acceptrd Accounting Practice {Unitrd Kingdom
Accounting Srandard51-
Company law require5 the Trusrees co prepare financial sratements for each financial year. Under
company law the Trustees must not approve the financial statements unless they are satisfied that they
grive a true and frdir view of the state of affairs of the charitable company and of the incoming resource5
and application of resource5, including the income and expenditure, of the charitable company for thac
period. In preparing these financial statements, the Trustees are required to..
selecc Suitable accounting policie5 and then apply them consistently,.
observe the methods and principles in the Chariues SORP-
• make judgments and estirnate5 that are reasonable and prudenL
state whether aPpli￿ble UK accounting standards have been followed, subjert to any material
departure5 disclosed and explained in the financial statements- and
prepare the financial st2tements on the going concern basi5 unles5 It is inappropriate to presume that
che chariuble company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charitable company'5 transattions, disclose with reasonable accuracy at any time the financial
position of the charirable company and enable them to ensure that the financial sratsments comply
the Companies Att 2006 and the provisions of the charity's constitution. They are ￿50 responsible for
safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and
derecrion of frnud and other irregularities.
Page 13

Crowe U.IQ LLP
CharteTrdAGGountarJts
Member of Crowe Glvbal
Aquis House
49-51 Blagrave Street
Reading
Berk$hire RG1 1PL. UK
Tel +44101118 959 7222
Fax ￿4101118 958 4640
wNvw.crow8.co.uk
• Crowe
Independent Auditorfs Re
ort to the Governors of Luckley House School Limited
Opinion
We have audited the financial stslements of Luckley House School Limited for the year ended 31 July
2020 which Comprise the statement of financial 8Ctivities, the balance sheet and notes lo the financial
statements, including a summary of significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Stsndard 102 The Financial Reporting Standard applicable in the UK and
Republic of Ireland Iuniled lQngdom Generally Accepted Accounting Praclicel.
In our opinion the financial slatemenls".
give a true and fair view of the state of the eharitable company's affairs as al 31 July 2020 and of
s incoming reSoUr￿S and application of resources, including its income and expenditure for the
year then ended.,
have been properly prepared in accordan￿ with United Kingdom Generally Accepted
Accounting Praetice," and
have bèen prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing {UKI {ISAs IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitablè Company in accordance with the ethical requirements that are relevant to our audit of the
financial ststements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other
ethical responsibilities in aceordance with these requirements. We believe that the audit evidence we
have obtained is sufficient and appropriate lo provide a basis for our opinion.
Concluslons relating to going concern
We have nothing to report in respect of the following matters in relation tg which the ISAS IUKI require
us to report to you where".
the Governors, use of the going concern basis of accounting in the preparation of the financial
statements is not appropriate., or
the Governors have not disclosed in the financial statements any identified material uncertainties that
may cast significant doubt about the charitable company's ability lo continue to adopt the going
concern basis of accounting for a period of at least ￿e1ve months from the date when the financial
statements are authorised for issue
Page14
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Crowe
Independent Auditor'5 Report to the Governors of Luckley House School Limited
(Continued
Other information
The Governors are responsible for the other information. The other information comprises the infomiatDn
included in the annual report, other than the financial statements and our auditoff s re￿rt thereon. Our
opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly staled in our report, we do not express any form of assumnce Conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required lo determine
whether there is a material misslatemenl in the financial statements or a material misstatement of the
other information. If, based on the work we have performed, we conclude that there is a material
misslatemenl of this other infomiation, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion based on the work undertaken in the course of our audit
the information given in the Govemors, Teport, which includes the Governors, Annual Report
prepared for the purposes of company law, for the financial year for which the financial
statements are prepared is consistent with the financial statements", and
the Governors, Annual Report have been prepared in accordance with applicable legal
requirements.
Matters on which we are required to report by exception
In light of the knowledge and undèrstanding of the charitable Company and its environment obtained in
the course of the audit, we have not identified material misstatements in the Governors, Annual Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
require5 US to report to you if, in our opinion..
adequate accounting records have not been kept,. or
the financial statements are not in agreement with the accounting records and returns,- or
certain disclosures of Govemors, remuneration specified by law are not made- or
we have not reTrived all the information and explanations we require for our audit.
Page 15

## **Crowe ""** 

## **Independent Auditor's Report to the Governors of Luckley House School Limited (Continued)** 

## **Responsibilities of Governors** 

As explained more fully in the Governors' responsibilities statement set out on page 13, the Governors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Governors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the Governors are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Governors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

## **Auditor's responsibilities for the audit of the financial statements** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's 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 (UK) will always detect a material misstatement when it exists. 

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.orq.uk/auditorsresponsibilities. This description forms part of our auditor's report. 

## **Use of our report** 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 


Alastair Lyon 

Senior Statutory Auditor 

For and on behalf of 

## **Crowe U.K. LLP** 

Statutory Auditor 

## **Aquis House** 

**49-51 Blagrave Street** 

**Reading** 

**RG11PL** 

Date: 21 December 2020 

Page 16 



Luckley House School Limited
Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the year ended 31 July 2020
Unrestricted
ReStric￿d
Total
2020
Total
2Q19
N¢xe$
INCOME FROM:
Charitable attivmes
School Fees
Other educational income
Other ancillary trading income
Investments
Invesrment income
Voluntary Sources
Donations
Other Income
4.175,710
84.698
259.120
4,175,710
84,698
259,120
4,009,216
87.568
334.287
29.988
29,988
59.462
6.523
113.860
30
6,553
113860
13.065
To
4,669,899
30
4.669.929
4 503,598
EXPENDITURE ON:
sing funds
Charitable Activitie5
Schools and grantmaknng
Other ancillary trading expenses
7,539
7,539
950
4,383,837
335,842
1,738
4,385.S75
335.842
4.242.431
374.261
Totsl
4.727,218
1,738
4 728 956
4.617.642
Net gains on invèstments
Net income before transfers
Transfer betr/een funds
Net movement in funds
49,OOQ
(65.044J
157.3191
294
(57.0251
(1,708}
294
(2.002}
(59,027)
(59.027)
(65,044)
Fund balance brought forward at
l August 2019
9,608,680
26,475
9.635.155
9.700 199
Fund balance carried foryiard at
31 July 2020
14
£9,5S1,655
£24,473
£9,576.128
£9.635.155
All incoming resources were derived from continuing operatyon&
The unrestricted income and expenditure column details the operational day to day
finances of the school for the year. The restricted expenditure relate5 to planned
development projects and expenditure which have been funded through specific donations
to the school.
The notrs on pages 20 to 36 form part of these accounts
Page 17

Luckley House School Limited
Balance Sheet
as at 31 July 2020
Com
an
No: 1091938
2020
2019
Notes
Fixed A55ets
Tangible Assets
Investment Propery
Other Investments
10,013,678
9,500,157
624,000
9b
10,013,679
10.124.158
Current Assets
SttKk
Debtors
Cash at bank and in hand
1,332
307,373
643,417
3.056
289,239
443,333
952,122
735,628
Creditors: amounts falling due within
one year
882,752
762.899
Net Current Assetsl Liabilities
69.370
(27.271)
Creditor&' amounLS falling due after
one year
12.2
(506,921)
(461,732)
Net Assets
£9,576.128
£9.635.155
Represented by:_
Restricted
Funds
Unrestricted Funds
Designated and general
Fair valL¢e reserve
24,473
26.475
8,977,866
573,789
9.029,891
578,789
9,551,655
9,608,680
Total Funds
£9,576,128
£9,635,155
Approved and authorised for issue by the Board of Governors at its meeting on 21 November 2020
and signed on its behalf by.
Mr J Richard50n
Chair
The notes on pages 20 to 36 form part of these accounts
Page 18

Luckley House School Limited
Cash Flow Statement
for the year ended 31 July 2020
Notes
2020
2019
Net cash provided by operating
activities
528,392
260.335
Cash flows from investing activities
Paymenrs to acquire raftgible fixed assets
Proceeds from sale of tangble fixed assets
Interest received
(238,366)
{170.392)
1,122
1.518
2,635
Net cash provided by investing activities
(135,731)
(167.752)
Cash flows from financing activities
Repayment of loan
Finance lease repayment
Finance lease interest
Bank interest payable
Bank loan advance
(21,966)
(50,034)
(13,038)
(7,539)
(12.848)
(45.428)
{11,692)
(950)
200,000
129,082
(92,577)
Change in cash and cash equivalents in
the year
200,084
221.665
Cash and cash equivalents at the
beginning of the year
443,333
221.668
Cash and cash equivalents at the end of
the year
£643,417
£443,333
The notes on pages 20 to 36 form parc of these accounts
Page 19

Lucldey House School Limited
Notes to the Accounts
for the year ended 31 July 2020
Company Information
The principal activity ol the School is the provision of education to children from the ages of I I to
18. The School is a company limited by guarantre {regstered number 10919381. is a registered
charity {chariry number 3090991 and is incorporated and domiciled in the UK. Each member's
liability would be limited to an amount not exceeding £ l in the event of the School winding up. The
address of the registered office is Lucklex House School, Luckley Road, Wokingham, Berkshire,
RG40 3EU.
Statement of Accounting Policie5
2.1 Basis of Preparation
The financial statsments have been prepared in accordance with Accounting and Reporting by
Charities- Statement of Recommended Prattice applicable to charities preparing their accounts in
accordance with the Financial Reportsng Standard applicable in the UK and Republic of Ireland (FRS
102) {effectyve l January 2015) Charities SOFiP IFFiS 102}, the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006.
Luckley House School Trust meers the definicion of a public benefit entyry under FRS 102. Assets
and liabilities are initially recognised at hi5toricdl cost or transattion value unless Otherwise stated
in the relevant accounting policy note(51.
2.2 Going Concern
During March 2020 the school moved onto a remote learning platform as a result of che CQVID19
epidernic. Staff and pupils rose to the challenge this produced and the accompanying adjustment ro
fees was welcomed by parents. In Septrmber 2020 the school buildings were re-opened to all pupils
with safe working prattices for all. A full risk assessment has been undertaken and although we do
not expett another full lock down. the directors believe the school is prepared should this happen.
As a consequence of the reduced fees charged in che Summer Term of 2020 a bank overdraft facility
has been granted although it has not yet been called upon. The directors have a reasonable
expectation that the company has adequate resources to conunue in Operation￿ existsnce for the
foreseeable future. They continue to believe the going concern basis of accounting appropriate in
preparing the annual financial Statements.
2.3 Group A¢¢ounts
Group accounts have not been prepared as the results and assets of the subsidiary undertaking are
considered to be immaterial to the accounts. These accounts present information ibout LUc￿eY
House School Limited as an individual entity.
2.4 Tangible Fixed Assets
New buildings. vehicles and major item5 of fixture5 and fittings and computer equipment are
capiT31ised and carried in the balance sheet at hi5toriol cost less depreciation.
Depreciatton is provided on all tangible fixed assets in use. other than freehold land, at ratrs and
bases calculated to writs.off the cost of each asset over it5 estimxted useful life as follow5-
Freehold building5
Furniture and equipment
Motor Yehicle5
Computer equipment
2% 5tfdight line basis
2070 reducing balance basis
25Yo reducing balance basis
33.3% straight ITne basis
Page 20

Luckley House School Limited
Notes to the Accounts
for the year ended 31 July 2020
2.5 Investment Property
Investment properties are ￿cOgnIsed initially at their cost of acquisition and measured subsequently
at their fair value at each reporting daTr. Purchases and sales of invescment propertie5 are
recognised on exchange of contracts.
2.6 Incoming Resources
School fees represent amounts receivable for educaiional services provided, including exrras.
Ocher educational income includes registration f&s, exam fees and similar income. Other ancillary
trading income include5 school trips, school transporo catering and similar income.
Income is deferred for fees retsived in advance, theatre bookings tsken in advance and trips that
rake place in future accounting periods. The income is recognised in the SOFA in the year to which
it relates. The Coronavirus Job Retention Scheme grnnt is recognised in the SOFA in the period to
which it ￿laceS.
2.7 Donations
Donations are credited to the Statement of Financial Acrivities in Ehe year in which they are received
and the economic benefit to the School is considered probable. Donations receivable for the genernl
purposes of the Charity are credited to Unrestritted Fund5. Donations for purpose5 restricted by
the wishes of the donor a￿ taken to Restritted Funds.
2.8 Resources Expended
Resources expended are accounted for on an accruals basis. Expenditure is allocated to expense
headings either on a direct cosc basis, or apportioned according to time spent The irrecoverable
element of VAT is included with the item of expense to which it relates.
Governance costs comprise the costs of running the chariry. including strdtegic planning for its
future developmen¢ also external audi( and all the costs of Board and Sub-committee meetings
and of preparing statutory accounts and satisfying public accountability.
2.9 Teaching Costs
Supplies of books, stxtionery, games equiprnent and sundry materials are written off when the
expendiiure is incurred.
2.10 Pension Stheme
Unril 31. December 2019 the charity contributed to the Teachers, Pension Defined Benefits
Scheme at rates set by the Scheme Attuary and advised to the Board by the Scheme Administrator.
The scheme is a multi- employer pension scheme and It is not possible to identify the assets and
liabilities of the scheme which are attriburable to the School. In accordance with FRS102 therefore,
the scheme is accounted for as a defined contribution scheme. The ehariry continues to operate a
defined contributory group personal pension scheme for nOn-￿aching staff and teaching stsff were
included in this scheme from I sEJanuary 2020.
Page21

Luckley House School Limited
Notes to the Accounts (Continued)
for the year ended 31 July 2020
Statement of Accounting Policies (Continued)
2.1 l Grants
During the year the School claimed £114K from the UK Government under the Coronavirus Job
Retsntion Scheme. GranL5 are recognised in the statement of financial attivities on an accruals
basis
2.12 Operating Leases
Renttls payable under operating leases are charged to the statement of financial activities as
incurred.
2.13 Stock
Stocks are valued at the lower of cost and net realisable value.
2.14 Financial instruments
Basic financial instruments include debtor5 and creditors. Debtors and creditor5 are initially
recognised at transattion value ind subsequently measured at amortised cost Note 23 provides
more information on financial instruments where future cash flows are anticipatrd. with financial
ssets referring to trade debiors, amount owed by group underraking& other debtors cash. and
cash equivalents, and financial liabilities referring to creditor balances excluding deferred income,
fees in advance, other tsxes and social security costs.
2.1 S Cash and cash equivalents
Cash at bank and cash equivalents include5 cash and short terrn highly liquid invescments with a
short maturity of 3 months or less from the date of acquisition or opening of the deposit or similar
accounL
2.16 Parent Deposits
The Governors have reviewed the contratt tsrms under which deposits from ￿drentS are held by
che School. Although under normal circumstance5 these will be repaid over luture years when the
pupils complete their education at the school. pupils can leave at earlier dates. The School doe5
not therefore have an unconditional right to retain the individual deposits for at least 12 months
after the balantr sheet date and. in line with the requirements in FRS 102, the balance of che
deposits held at 31 July 2020 have been included within current liabilities. The prior year deposits
from parents balance has been similarly represented.
2.17 Deferred Income (Fees in advance scheme)
Amounts received under the school's Fees in Advance Scheme contracts for education not utilised
in the year to settle school fees, are recorded as defer￿d income and allocated as current liabilities,
where the education will be provided within 12 months from the reFX)rting date. and as long-tsrm
liabilitie5 where the education will be provided in subsequent years.
Page 22

Luckley House School Limited
Notes to the Accounts (Continued)
for the year ended 31 July 2020
Judgements in applying accounting policies and key sources of estimation
uncertainty
In the application of the charity's accounting policies. which are described in note 2. trustee5 are
required co make judgements. estimates and assumptions abouc the carrying values of assets and
liabilicies that are not readily apparent from other sources. The estIma￿S and underlying
assumptions are based on historical experience and other factors that are considered tr) be
relevant Attual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to
accounting estymates are recogni5ed in the period in which the estimate is revised if the revision
affett5 only that period or in the period of the revision and future period5 sf the revision affects the
current and future periods.
The trustees consider that there att no rnaterial judgernents in applying accounting policies or key
sources of erimacion uncertainty.
Income from Charitable Activities
4.1 School Fees
The Schools, fee income comprised:
2020
2019
Gross Fees
Le5s- Toral 5cholar5hips, bursaries and allowances
5,043,296
867,586
4.854.153
844.937
£4,175,710
£4.009.216
4.2 Other Educational Income
2020
2019
Registration Fees and other Educational Income
£84,698
£87.568
4.3 Other Ancillary Trading Income
2020
2019
Letting income
Other Ancillary Trading Income (see note 2.5)
39,808
219,312
£259,120
39,156
295,131
£334,287
The other ancillary trading income includes £13.500 (2019.. £13.500) payable by Luckley House
Enterprises Limited for administrntion services provided by the School.
Page 23

Luckley House School Limited
Notes to the Accounts (Continued)
for the year ended 31 July 2020
4.4 Investment Income
2020
2019
Bank Interest
Rental income
Gift aid from investment
2,635
180
27.173
£29 988
1.518
16.397
41.547
£59.462
4.5 Other Income
2020
2019
Coronaviru5 Job Retention Scheme Grant
£113860
Restricted Expenditure
During the year £1.7K was spent by the drama department on St￿ng blocks.
Resources Expended
6.1 Staff Costs
2020
2019
Salaries and wages
Social security costs
Pension contributions
2,427,193
227,946
426,228
£3,081,367
2.296.556
211.549
349,623
£2,857,728
The average weekly number of employee5 during the year was 106 (2019.- 106).
One ol the Governors received expenses totalling £952 from LUc￿eY HoLsse School during the
year {2019.. £nil)
AggregaTr employee-knefits of key management personnel
£240,T18
£200,747
The number of higher paid employees v•as:
2020
2019
Taxable emoluments band
£70k to £80K
£80k to £90K
£1 IOKco£120K
Page 24

Luckley House School Limited
Notes to the Accounts (Continued)
for the period ended 31 July 2020
6.1 Staff Costs (continued)
The number wtth retirement benefits accruing in
Defined Benefit Schemes was
Defined Contriburions Scheme was
2020
2019
Full time
equivalent
Full time
equivalent
Total staff
No
Total stoff
Teaching Staff
Admini5trdtion
Domestic and welfare
Grounds and mxinrenance
62
42
10
16
61
12
24
44
10
16
25
106
73
106
76
During the year there were redundancy payments which amounted to £14k12019.- £1 IK)- There
5 riothing outstanding at the year end.
6.2 Net incomingl(outgoing) resources
2020
2019
Thi5 15 Stated after chargingllcrediting)
Auditors remunerdtion - Audit fees
re12ting to parent company
Depreciation of owned tangible fixed assets
Depreciation of tangible fixed assets held under finance leases
and hire purchase
Loss on disposal of fixed assets
9,525
40,027
9.260
50.034
308,818
263,772
9,010
Page 25

Luckley House School Limited
Notes to the Accounts (Continued)
for the year ended 31 July 2020
Analysis of Resources Expended
Staff costs
Other
Depreciation
Total
Charitable activities
Teaching Costs
Welfare
Premises
Support Costs
Finince Costs
Recharges
2,153,434
379,085
114,109
434,739
152,224
93,414
336,125
315.597
21,003
37.000
955,363
129,887
2.435.545
472,499
669,192
750,336
21,003
37.000
4,385,575
218,958
3,081,367
348,845
Raising Funds
Bank Loan Interest
Other Ancillary
Trading
7,539
7,539
335,842
335,842
Total Resources
Expended
£3,081,367
£1.298,744
£348,845
£4,728,956
Included within support Costs are governance costs of £21,596 (2018.. £8.955}
2019 Comparative
Stoff costs
Other
Deprecitition
Totol
Chorituble artivfcies
Teaching Costs
Wefore
Premises
Support Costs
Finance Costs
Rechorges
1.973.681
342.205
111.802
430.040
223,151
121,268
340,233
312,039
22.535
51,671
1.070.897
111,658
2.308.490
463.473
654.183
742.079
22.535
51,671
4.242.431
202.148
2.857.728
313.806
Raising Funds
Bonk Loan Interest
Other Anallory Trading
950
374.261
950
374.261
Totul Resources
Expended
£2,857,728
£1.446.108
£313,806
£4,617.642
Page 26

Luckley House School Limited
Notes to the Accounts (Continued)
for the year ended 31 July 2020
Tangible Assets
Assets
under
course of
construction
Freehold
Land &
Buildings
Furniture
Compucer
EquipmenE
Equipment
Vehicle5
Deemed Cost
l August 2019
Additions
Property
recategorized
Transfer
99,556
110.870
297,907
102.568
1.439,931
18,828
66,366
6,100
238,366
624,000
210,426
624,000
1210,4261
31 july 2020
11055,957
400,475
1,458,759
66,366
13.981,557
Depreciation
l August 2019
2,207.369
218.958
276.533
51,591
1,074,697
76,813
60,435
1,483
3,619,034
348,845
Provision for year
31 July 2020
2,426,327
328,124
61,918
3.967,879
Net Book Value
31 July 2020
£9.629.630
£72.351
£307.249
£4.448
£10.013678
Net Book Volue
31 Juty2019
£9.008,062
£99.556
Ql,374
65,234
£5.931
£9500 157
The net book value of furniture and equipment includes an amour*t of £160.109 (2019 £200,137)
in respect of assets held under finance leases and hire purchase contracts.
The cost or valuation of freehold land and building5 includes freehold land at £1,108,040 which is
not depreciated.
The School has elected. in accordance with Sectyon 35.10(d) of FRS102. to use the carrying value
on I September 2014, the date of transition to FRS102, of any of the above freehold land and
buildings previously carried at a valuation. as their deemed cost.
Page 27

Luckley House School Limited
Notes to the Accounts (Continued)
for the year ended 31 July 2020
Investment Property
The investment property is shown at open market value based on the Governor5, assessment of
similar properue5 in the local area.
2020
2019
Costlvaluation
At l August 2019
Net gain from fair value adjustment
Investment recategorized a5 fixed asset
624,000
575.000
49.000
624 000
At 31 July 2020
£624.000
9b. Other Investments
2020
2019
At l August 2019 and 31 July 2020
£1
Name of undertaking
Country of
incorporation
Description Proportion
of shares
of rights
held
and shares
held
Nature of
business
Luckley House
Enterprises Limited
England
£1 Ordinary
loo%
Provision of
serviced
residential lets
LtJcWey-Oakfield Enterprises Limited was incorporatrd on 26 October 2000. On 19 September
2013 Luckley-oakfield Enterprise5 Limited changed its name to Luckley House Enterprises Limited.
Group accounts have not been prepared on the grounds of immaterialiry.
The audited accounts for The company for the year to 31 July 2020 show a turnover of £25.737
profit of £8.256 leaving net assets of £4.078.
10. Stock
2020
2019
St¢xk
1,332
3.056
£1,332
£3.056
Page 28

Luckley House School Limited
Notes to the Accounts (Continued)
for the year ended 31 July 2020
Debtors
2020
2019
Trnde debtors
Amount owed by group undertaking
Prepayments
Other debtors
103,899
40,728
162.746
132.120
29,284
124,948
2,887
£307,373
£289,239
12.1 Creditors: Amounts falling due within one year
2020
2019
Fee5 recetyed in advan
Fees in Advance Scheme (S￿ note13)
Deposits from parents
Trade creditor5
Other ttxes and social security costs
Accruals and deferred income
Bank Loan (see note 12.lal
HP and Finance Lease (see notr 12.2b)
Other creditors
75,204
229,362
221,900
37,029
59,767
120,962
22.826
50.034
65,668
105,658
165,889
191,692
46.844
59,666
63.709
20,688
50,934
58.719
£882,752
£762.899
12.2 Creditors: Amounts falling due after more than one year
2020
2019
Fees in Advance Scheme (see notr13)
HP and Finance Lease (see note 12.2b)
Bank Loan (see notr 12.2a)
247,038
104,675
155.208
127.711
154,709
179.312
£506 921
£461,732
12.2a
The bank loan is repayable as follows:
2020
2019
Within one year
Bdween one and two years
Be￿een two and five years
Over five years
22,826
23,718
76,855
20.688
22.363
73,404
83,545
£178,034
£200,000
Page 29

Luckley House School Limited
Notes to the Accounts (Continued)
for the year ended 31 July 2020
12.2a (continued)
The bank loan 15 secured by a le￿￿ charge over the fr*hold properry of the school and irs assets. The
loan being £178K at 31 July 1020 (1019: £200kl will be repaid in 2027. The interest rate is 3.8% above
Base Rate.
12.2b
The HP and finance lease is repayable as follows:
2020
2019
Within one year
Between one and two years
Between and five years
50,034
50,034
54,641
50,034
50.034
104675
£154,709
£204, 743
13 Fees in Advance Scheme
Parents may enter into a COn￿Ct to pay the School in advance for fixed contributions towards
the tuition fees for up to five years. The money may be returned subjecc to specific condioons on
the receipt of notice. Assuming pupils will remain in the School, fees in advanee wll be applied as
follow5-
2020
2019
Within 2-5 years
Within 1-2 years
135,279
111,759
247,038
229 362
71.508
127.711
165,889
Within l year
£476,400
£293.600
Summary of movements in liability
Balance at l August 2019
New Contracts
Amounts used to pay fees
293,600
437,431
254.631
Balance at 31 July 2020
£476,400
Page 30

Lucldey House School Limited
Notes to the Accounts (Continued)
for the year ended 31 July 2020
14. Funds
14.1 Net Assets of the Funds of Charity
Fixed
Asset$
Net Current
Assetsl
(Liabilitie5)
Long term
Liabilities
Fund
Balance
Investments
Restricted funds
Unrestricted
Funds
General Reserve
24.473
24,473
9.439.889
44,897
(506,921)
8.977.866
Fair value reserve
573.789
573.789
£ i 0.013.678
£1
£69,370
É506.921
£9 576,128
2019 Comparotwe
Fixed
A55ets
Net Current
setsl
(Liobiliries)
Long term
Ltabilitie5
Fund
Bolance
Investments
Restricted funds
Unrestritted Funds
General Reserye
26.475
26.475
8.921.368
624.001
(53.746)
(461,732)
9.029.891
Foir value reserve
578.789
578.789
£9.500.157
£624.001
£27,271
£461.732
£9.635.155
14.2 Unrestricted Funds: Movements in the Year
Balonce
l August
2019
Balance
31 July
2020
IncornÈ
Expended
Transfer
General
Reserve
9,029,891
4.669.899
{4.727.218}
5.294
8.977.866
Fair value
reserve
578,789
5,000
573.789
£9,608,680
£4,669,899
£4.727.218
£294
£9.551.655
The movement be*￿een reserves reflects depreciation in rhe year from the 1985 revaluation of
buildings and the capital expenditure funded by restricted donation5.
Page31

Luckley House School Limited
Notes to the Accounts (Continued)
for the year ended 31 July 2020
14.2 Unrestricted Funds: Movements in the Year (continued)
2018 ComPGrotive
Balonce
l August
2Q18
Bolon
31 Juty
2Q19
&7in on
Investment
Income
E¥pended
Tronsfrr
General
ReseThe
9.091.810
4,501,723
(4,617.642)
49,000
5,000
9,029.891
Foir volue
reseNe
583.789
5.000
578.789
£9,675,599
£4.5Ql,723
£4.617.642
£49.000
£9.608.680
14.3 Restricted Funds: Movements in the Year
Bolance
l August
2019
Balance
31 July
2020
Income
Expended
Transfer
Christian Outreich
LOOGAJFundraising
Polo grnnt
Drama
Teen Tech I
Speech day prize
Music
142
21.823
572
1.975
1.844
{57)
85
21,823
572
(1,681)
(294)
1,844
30
30
119
£26,475
£1,738
(£294)
£24,473
The LOOGAIFundraising monies have been restritted to the funding of a LOOGA and fundraising
office.
2019 ComPara(Ne
Bolunce
l August
2019
Balon
31 Juty
2020
Income
Expended
Transfer
Christiun 0￿reaCh
LOOGAIFuftdraising
Polo gront
Droma
Teen Tech ICT
Music
142
21.823
572
100
1,844
119
142
21.823
572
1.975
1.844
119
1,875
£24.600
£1,875
£26.475
Page 32

Luckley House School Limited
Notes to the Accounts (Continued)
for the year ended 31 July 2020
15. Other Financial Commitments
The following annual commitments existed at 31 July 2020 in respett of non-cancellable operating
leases expiring=
Other opernting leases
Asat31
July 2020
As(rt31 Juty
2019
Within one year
Between two and five years
After five years
63,937
96,266
374
80,606
113306
2,385
£160,577
£196.297
Operating lease expenditure in the year was £84,153 (2019.- £125,315)
16. Pension Obligations
The School participated in the Teacher5, Pension Scheme for its teaching Staff up until the 31 st
December 2019. The pension charge for the year includes contributions paydble to the scheme of
£138,451 {2019.. £237.793)
The School runs a defined contribution scheme for support staff and the trachers joined this
scheme from 1st January 2020. The cost for the year represents the School's contribution5 to the
scheme of £287,777 {2019.- £111.830}. The amount unpaid at the year-end included in other
creditors was £55,737 (2019.. £48.061)
17. Reconciliation of cash flows from Operating Activities
2020
2019
Net movement in funds
Gain on investment
Depreciation charge
Loss on disposal of tangible fixed assets
Interest receivable
Interest on finante lease
Interest payable
Decreasel{Increase) in stock
(Increase)IDecrease in debtors and prepayments
Increase/(Decrease) in fees received in advance
Increase in deposits from prents
(Decrease)Ilncrease in trade creditors
Increase in other taxes and social security
Increase in accruals & deferred income
Increase in other creditors
(59,027)
(65.044)
(49.000)
313.806
9,010
(1.518)
11.692
950
(876)
16,059
(40.017)
22.793
11.614
9.936
14.237
6.693
348,845
(2,635)
13,038
7,539
1,724
(18,134)
1 $2,346
30,208
(9,815)
57,253
6,949
Net cash provided bylprovided by (used in)
operating activities
£528,392
£260.335
Page 33

Luckley House School Limited
Note5 to the Accounts (Continued)
for the year ended 31 July 2020
18. Reconciliation of Fixed Asset Purchases
2020
2019
Cash paid in year
Assets purchased under HP & Rnance Lease
Less creditors l August 2019
238,366
170.392
250.171
Total addition5 (per note 8)
£238.366
£420,563
19. Reconciliation of Net Cash Flow to Movement in Net Funds
2020
2019
Increase in cash in the year
Loan repayments
Capital element of finanee lease repayments
200,084
21,966
50,034
221.665
12.848
45.428
Change in net funds
272,084
2 79.941
Net fundslldebt) at l August
38,590
(24 lJ51)
Net Funds at 31 July
310,674
38.590
20. Analysis of Change in Net Funds
Net funds a5
at l August
2019
Net funds as
at31 July
2020
Cash
Change
Cash at bank and in hand
Bank loan
Finance lease
443.333
(200.000)
204.743
200,084
21,966
50,034
643,417
(178,034
154.709
38.590
£ 272.084
£ 310,674
P￿e 34

Luckley House School Limited
Notes to the Accounts (Continued)
for the year ended 31 July 2020
21. Related Party
Luckley House Enterprises Limited is considered to be a related party of the School as it 15 a wholly
owned subsidiary. The School received £27.173 (2019: £41,547) from their subsidiary and paid £nil
12019: £nil). The balance due from Luckley House Enterprises at the year-end vft5 £40,728 (2019.-
£40,728)
No other related pary transattion5 were entered into during the year.
22. Capitat Commitments
During the financial year the school had entered into an agreement for the refurbishment of the
sixth form conservatory. The amount of the contratt entered into but not provided for in these
financial statements £SK12019.. £99.556)
23. Frnancial Instruments
2020
2019
Financial assets measured ac
amortised cost
Financial liabilities measured at amorused
cost
788,044
607.625
778.301
731.068
The company's income, expense, gains and losses in respett of financial instrumenrs are summari5ed
below
2020
2019
Interest income and
expense
Interest income
Interest expense
2,635
7.539
1.518
950
Financial assets measured at amortised cost comprise cash and cash equivalents, trade debtors,
amount owed by group undertaking and other debtors.
Financial liabilitie5 measured at amorcised cost comprise a bank loan, trade creditors, other
creditors and accruals excluding deferred income and fee5 received in advance.
Page 35

Luckley House School Limited
Notes to the Accounts (Continued)
for the year ended 31 July 2020
24. Statement of Financial Activities - Comparative figures by fund-type
Year ended 31 July 2019
Funds
Total
Un￿SErieted
Kèstricted
INCOME FROM:
Charitable aCEivities
School Fees
Other educational income
other ancillary trading income
Invesunents
Investment income
Voluntary Sources
Donations
4.009,216
87.568
334.287
4.009.216
87.568
334.287
59,462
59,462
1,875
13,065
Totsj
4.501,723
1,875
4.503.598
EXPENDITURE ON:
Raising Fund5
Chantable Activities
Schools and grantmaking
Other ancillary trading expenses
950
950
4,242.431
374,261
4.242.431
374.261
Total
Net gains on inYe5tment5
Net income before transfers
Tr&nsfer between funds
Net movement in funds
4,617,642
49,000
166,9191
4617642
1,875
(65,044)
166,9191
1,875
(65,044)
Fund balance broughc forward at I
August 2018
9,675,599
24,600
9.700.199
Fund balance carried for*4ard at
31 July2019
£9,608,680
£26,475
£9.635.1 $5
Page 36