2021-07-31-accounts

Section						Pa
Mission and Vision
Governors, Officers and		Advisers
Reference and Administrative Information
Structure, Governance	and Management
Objects, Aims, Objectives		and Activities
Public Benefit
Review ofAchievements		and Performance	for the Year
Financial Review and Results for the Year
Future Plans						10
Auditors
Statement of Governors'		Responsibilities				l2
Independent Auditors'	Report to the Governors			of Lucl&ley House School Limited		l3
Statement of Financial Activities (Income			and Expenditure		Account)	l6
Balance Sheet						l7
Cash Flow Statement						I8
Notes to the Accounts						l9

					Unrestricted	Restricted	Total	Total
							202I	2020
				Notes			f.
INCOME FROM:
Charitable activities
School Fees					4,537,346		4,537,346	4,/75,7/0
Other educational	income				I40,666		I40,666	84,698
Other ancillary trading		income			I96,334		I96,334	259,/20
Investments
Investment income					l36		l36	29,988
Voluntary Sources
Donations					l4,073	782,499	796,572	6,553
Other Income					57,801		57,80 I	/ /3,860
Total					4,946,356	782,499	5,728,855	4,669,929
EXPENDITURE ON:
Raising funds					7,588		7,588	7,539
Charitable Activities
Schools and grant-making					4,63 1,489	l49,494	4,780,983	4,385,575
Other ancillary trading		expenses			340,945		340,945	335,842
Total					4,980,022	l49,494	5, I29,5 I 6	4,728,956
Net gains on investments
Net income before	transfers				(33,666)	633,005	599,339	(59,027)
Transfer between funds					7,000	7,000
Net movement in	funds				(26,666)	626,005	599,339	(59,027)
Fund balance brought	forward		at
I August 2020					9,55I,655	24,473	9,576, I28	9,635,/55
Fund balance carried forward at
3 I July 202 I				I4	69,524,989	6650,478	jf.I0, I75,467	E9,576,/28

								202I	2020
						Notes		E
Fixed Assets
Tangible Assets								9,820,488	/0,0/3,678
Other Investments								I	I
								9,820,489	/0,0/3,679
Current Assets
Stocl&						IO	l,944		/,332
Debtors						II	287,27 I		307,373
Cash at banl&	and		in hand				1,607,940		643,4/ 7
							I,897, I55		952,/22
Creditors: amounts				falling due within
one year						I2. I	92I,43 I		882,752
Net Current		Assets/			Liabilities			975,724	69,370
Creditors: amounts				falling due after
one year						I2.2		(620,746)	(506,92I)
Net Assets								lE I0, I75,467	E9,576,/28
Represented	by:-
Restricted
Funds						l4		650,478	24,473
Unrestricted		Funds
Designated and		general				14	8,956,200		8,977,866
Fair value reserve						I4	568,789		573,789
						14		9,524,989	9,55/,655
Total Funds								K I0, I75,467	E9,576,/28

				Notes		202 I	2020
						IE	E
Net cash provided by operating
activities				I7		I,029, I84	528,392
Cash flows from investing	activities
Payments to acquire tangible	fixed assets			I8	( I77,095)		(238,366)
Proceeds from sale oftangible	fixed	assets			40
Interest received					l36		2,635
Net cash provided by investing		activities				(I76,9 I9)	(235,73/)
Cash flows from financing	activities
Repayment of loan							(2/,966)
Finance lease repayment					(50, I30)		(50,034)
Finance lease interest					(I2,990)		(/3,038)
Bank interest payable					(7,588)		(7,539)
Bank loan advance					I82,966
						I I2,258	(92,577)
Change in cash and cash equivalents			in
the year						964,523	200,084
Cash and cash equivalents	at the
beginning ofthe year						643,4 I7	443,333
Cash and cash equivalents	at the end		of
the year						EI,607,940	f643,4/ 7

								202I	2020
									E
	Gross Fees							5,337,632	5,043,296
	Less: Total	scholarships,			bursaries	and	allowances	800,286	867,586
								E4,537,346	E4, / 75,7/0
4.2	Other Educational			Income
								202 I	2020
								E.	E
	Registration	Fees		and other Educational			Income	I I40,666	184,698
4.3	Other Ancillary		Trading		Income
								2021	2020
	Letting income							I I,789	39,808
	Other Ancillary		Trading		Income (see note 2.6)			I84,545	2/9,3/2
								6I96,334	6259,/20

				202I		2020
	Ban I& Interest				l36	2,635
	Rental income					/80
	Gift aid from	investment				27,/73
				EI36		f29,988
4.5	Other Income
				202I		2020
	Coronavirus	Job Retention	Scheme Grant	IE57,801		ZI I3,860

		202I	2020
Salaries	and wages	2,54I,382	2,427,/93
Social security costs		226,90I	227,946
Pension	contributions	408, I85	426,228
		K3, I76,468	Z3,08/,367

			202I		2020
				Full time		Full time
			Total staff	equivalent	Total staff'	equivalent
			No	No	No	No
Teaching	Staff		67	49	62		42
Administration			I2	II	/I		/0
Domestic	and	welfare	26	I8	25		/6
Transport			6	3	5		2
Grounds	and	maintenance	3	3	3		3
			I I4	84	/06		73

		202I	2020
This is stated after charging/(crediting)
Auditors remuneration	—Audit fees
	relating to parent company	9,800	9,525
Depreciation ofowned	tangible fixed assets	338,I78	308,8/8
Depreciation oftangible	fixed assets held under finance leases
and hire purchase		32,022	40,027
Loss on disposal offixed assets		45

	Staff costs	Other	Depreciation	Total
	E	E		E
Charitable activities
Teaching Costs	2, I38,903	l9I,I4I	I5I, I54	2,48I, I98
Welfare	4 I2,365	I06,245		5 I8,6I0
Premises	I I3,964	597,870	2 I9,046	930,880
Support Costs	439,954	354,375		794,329
Finance Costs		40,999		40,999
Recharges		I4,967		I4,967
	3, I05, I86	1,305,597	370,200	4,780,983
Raising Funds
Banl& Loan Interest		7,588		7,588
Other Ancillary
Trading	7I,282	269,663		340,945
Total Resources
Expended	E3,I76,468	El,668,023	E370,200	E5, I29,5 I6

		Staffcosts	Other	Depreciation	Total
			E	E
Charitable activities
Teaching Costs		2,/53,434	/52,224	/29,887	2,435,545
Welfare		379,085	93,4/4		472,499
Premises		/ /4, /09	336,/25	2/8, 958	669,/92
Support Costs		434,739	3/5,597		750,336
Finance Costs			2/,003		2 /,003
Recharges			37,000		37,000
		3,08/,367	955,363	348,845	4,385,575
Raising Funds
Bank Loan Interest			7,539		7,539
Other Ancillary	Trading		335,842		335,842
Total Resources
Expended		E3,08/,367	K/,298,744	E348,845	E4,728,956

8. Tangible	Assets
	Freehold		Furniture
	Land R	Computer	8(
	Buildings	Equipment	Equipment	Vehicles	Total
			E
Deemed Cost
I August 2020	12,055,957	400,475	1,458,759	66,366	13,981,557
Additions	4,378	119,286	53,431		177,095
Disposal			(259)		(259)
Transfer
31 July 2021	12,060,335	519,761	1,511,931	66,366	14,158,393
Depreciation
I August 2020	2,426,327	328,124	1,151,510	61,918	3,967,879
Disposal			(174)		(174)
Provision for year	219,046	77,924	72,118	1,112	370,200
31 July 2021	2,645,373	406,048	1,223,454	63,030	4,337,905
Net BookValue
3I july 202I	E9,414,962	IE I I3,713	lE288,477	f3,336	lE9,820,488
Net Book Value
3/ Ju/y 2020	L9,629,630	672,35I	6307,249	E4,448	EI0,0I3,678

					202I		2020
							f
At	I August	2020 and 3 I July 202 I
Name of		undertaldng	Country of	Description		Proportion	Nature	of
			incorporation	ofshares		ofrights	business
					held	and shares
						held
Luckley House			England	6'	I Ordinary	I00%	Provision	of
Enterprises		Limited					serviced
							residential	lets

tock
				202I	2020f
Stock				l,944	/,332
				6l,944	E/,332
ebtors
				202I E	2020f
Trade debtors				89,4 I0	/03,899
Amount	owed	by group	undertaking	42,226	40,728
Prepayments				I45,385	/62, 746
Other debtors				I0,250
				6287,27 I	f307,373

reditors: Am	ounts	falling du	e within one ye	ar
				2021	2020
					E
Fees received in advance				152,437	75,204
Fees in Advance	Scheme (see note		I3)	183,106	229,362
Deposits from parents				232,505	22/, 900
Trade creditors				27,704	37,029
Other taxes and social security costs				58,924	59,767
Accruals and deferred		income		134,463	/20, 962
Bank Loan (see	note 12.2a)			20,212	22,826
HP and Finance	Lease	(see note 12.2b)		50,034	50,034
Other creditors				62,046	65,668
				6921,431	f882,752

reditors: Am	ounts falling due after more th	an one year
		2021	2020
Fees in Advance	Scheme (see note13)	225,413	247,038
HP and Finance	Lease (see note 12.2b)	54,545	/04,675
Banl& Loan (see	note 12.2a)	340,788	/55,208
		lE620,746	6506,92 I

	2021	2020
Within one year	20,212	22,826
Between one and two years	20,358	23,7/8
Between two and five years	67,167	76,855
Over five years	253,263	54,635
	lE361,000	EI78,034

	2021	2020f
Within one year	50,034	50,034
Between one and two years	50,034	50,034
Between two and five years	4,511	54,64/
	6104,579	4/54, 709

				2021	2020
					E
Within 2-5		years		103,942	/35,279
Within	1-2years			121,471	I I /,759
				225,413	247,038
Within	I year			183,106	229,362
				6408,519	E476,400
Summary		ofmovements	in liability
Balance	at	I August 2020		476,400
New Contracts				251,154
Amounts	used to pay fees			319,035
Balance	at	3 I July 202 I		lE408,519

I4.	for the year en Funds	for the year en Funds	for the year en Funds	for the year en Funds	for the year en Funds	for the year en Funds	for the year en Funds	ded 3 I july	202 I
l4. 1	Net Assets ofthe Funds ofCharity
					Fixed				Net Current			Long term	Fund
					Assets		Investments		Assets/			Liabilities	Balance
									(Liabilities)
	Restricted		funds						650,478				650,478
	Unrestricted
	Funds
	General		Reserve		9,25I,699				325,246			(620,746)	8,956,200
	Fair value		reser	ve		568,789							568,789
					69,820,488				6975724	,		~6620746,	El 0,175,467
2020 Comparative
						Fixed			Net Current			Long term	Fund
					Assets		Investments		Assetsl			Liabilities	Balance
									(Liabilities)
	Restricted	funds							24,473				24,473
	Unrestricted		Funds
	General	Reserve				9,439,889			44,897			(506,92I)	8,977,866
	Fair value	reserve				573,789							573,789
					EI	0,0I3,678			E69370		,	~6506,921	69,576,128
I4.2	Unrestricted			Funds:	Movements		in the	Year
				Balance								Balance
				I August								3I july
				2020				Expended	Transfer			2021
	General
	Reserve			8,977,866		4,946,356		(4,980,022)	I2,000			8,956,200
	Fair value
	reserve			573,789					5.000			568,789
				69551,655 64946			356	~64 980022	67000			E9,524,989

I4.2 Unrestricted	Funds: Move	ments in th	e Year (continu	ed)
2020 Comparative
	Balance				Ba/ance
	I August				3/ July
	2020	Income	Expended	Transfer	2020
	f		f	f
General
Reserve	9,029,89I	4,669,929	(4,727,2/8)	5,294	8,977,866
Fair value
reserve	578,789			~5,000	573,789
	696086,80 ,	64669,929	,~64,727,2/8	6294	69,55/, 655

.3 Restricted Funds:	Movements	Movements	in th	e Year
	Balance						Balance
	I	August					3 I July
		2020f	Income		Expended	Transfer	2020 f
Christian Outreach		85					85
LOOGA/Fundraising		2/,823			(I,800)		20,023
Polo grant		572					572
Conservatory				7,000		(7,000)
School Building
Development				625,000	( I47,225)		477,775
Senior academic staff				I50,000			I50,000
Teen Tech ICT		/,844					I,844
Speech day prize		30		30			60
Music		I /9		469	469		II9
		f24,473	f782,499		f I49,494	(f7,000)	f650,478

		Balance	Balance				Balance
		I August					3/ Ju/y
		20/9		Income f	Expended	Transfer	2020 f
Christian	Outreach		/42		(57)		85
LOOGAI Fun	drai sing	2/,	823				2/,823
Polo grant			572				572
Drama		/,	975		(/, 68I)	(294)
Teen Tech ICT		/,	844				/,844
Speech day prize				30			30
Music			I /9				I /9
		f26,475		f30	(f/,738)	(f294)	f24,473
							Pa e31

e following annual commitments existed at 3 ases expiring:-	1 July 202 I in respect of non-cancellable	1 July 202 I in respect of non-cancellable	operating
	Other operating		leases
	As at 31	As	at 3/ July
	July 2021		2020
			E
Within one year	59,927		63,937
Between two and five years	122,111		96,266
After five years			374
	6182,038		E/60,577

						2021	2020
						E	E
		Defined contribution	scheme			408,185	287,777
		Teachers' Pension Scheme					/38,45 /
		Total Pension Costs				6408,185	f426,228
		Amounts included in creditors		at Year End		E51,761	f55,737
I	7.	Reconciliation ofcash flows		from Operating		Activities
						2021	2020
						IE	E
		Net movement in funds				599,339	(59,027)
		Depreciation charge				370,200	348,845
		Loss on disposal oftangible fixed assets				45
		Interest receivable				(136)	(2,635)
		Interest on finance lease				12,990	/3,038
		Interest payable				7,588	7,539
		(Increase)Decrease	in stock			(612)	/,724
		Decrease/(Increase)	in debtors	and	prepayments	20,102	(I8,/34)
		Increase in fees received in advance				9,352	/52,346
		Increase in deposits	from parents			10,605	30,208
		(Decrease)/Increase	in trade creditors			(9,325)	(9,8/5)
		(Decrease)/Increase	in other taxes		and social security	(843)	/0/
		Increase in accruals	&deferred	income		13,501	57,253
		(Decrease)/Increase	in other creditors			3,622	6,949
		Net cash provided	by/provided		by (used in)
		operating activities				61,029,184	f528,392

I	S.	Reconciliation		ofFixed Asset Purchases
					2021	2020
					E	E
		Cash paid in year			177,095	238,366
		Assets purchased		under HP & Finance Lease
		Total additions	(per note 8)		6177,095	f238,366
I	9.	Reconciliation		ofNet Cash Flow to Movement	in Net Funds
					2021	2020
						f
		Increase in cash		in the year	964,523	200,084
		Loan advance			(182,966)	2/, 966
		Capital element		offinance lease repayments	50,130	50,034
		Change in net	funds		831,687	272,084
		Net funds at	I August		310,674	38,590
		Net Funds at		31 July	1,142,361	3/0,674

alysis ofChan	ge in Net Fu	nds	nds
		Net funds as				Net funds as
		at	/ August		Cash	at 31 July
			2020		Change	2021
			E
Cash at banl& and	in hand		643,4/ 7		964,523	1,607,940
Banl& loan Finance lease			(/ 78,034) /54, 709		( I82,966) 50, I30	(361,000) 104,579
		E	3/0 674	6	83I,687	61,142,361

Year ended	3	I July	20	20
							Funds
					Unrestricted	Restricted	Total
INCOME FROM:
Charitable activities
School Fees					4,175,710		4,175,7I 0
Other educational		income			84,698		84,698
Other ancillary	trading income				259,120		259,120
Investments
Investment income					29,988		29,988
Voluntary Sources
Donations					6,523	30	6,553
Other Income					113,860		113,860
Total					4,669,899	30	4,669,929
EXPENDITURE	ON:
Raising Funds					7,539		7,539
Charitable Activities
Schools and grant-mal&ing					4,383,837	1,738	4,385,575
Other ancillary	trading expenses				335,842		335,842
Total					4,727,218	1,738	4,728,956
Net income before		transfers			(57,319)	(1,708)	(59,027)
Transfer between	funds				294	294
Net movement	in funds				(57,025)	(2,002)	(59,027)
Fund balance brought		forward	at	I
August 2019					9,608,680	26,475	9,635,155
Fund balance carried forward				at
31july 2020					j9,551,655	624,473	f9,576,128