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## 

|Section||||||Pa|
|---|---|---|---|---|---|---|
|Mission and Vision|||||||
|Governors,<br>Officers and||Advisers|||||
|Reference<br>and Administrative<br>Information|||||||
|Structure,<br>Governance|and Management||||||
|Objects, Aims, Objectives||and Activities|||||
|Public Benefit|||||||
|Review ofAchievements||and Performance|for the Year||||
|Financial<br>Review and Results for the Year|||||||
|Future<br>Plans||||||10|
|Auditors|||||||
|Statement of Governors'||Responsibilities||||l2|
|Independent<br>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|





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||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||||202I|2020|
|||||Notes|||f.||
|INCOME FROM:|||||||||
|Charitable<br>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<br>income|||||l36||l36|29,988|
|Voluntary<br>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<br>Activities|||||||||
|Schools and grant-making|||||4,63 1,489|l49,494|4,780,983|4,385,575|
|Other ancillary<br>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<br>funds|||||7,000|7,000|||
|Net movement<br>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:<br>amounts||||falling due within||||||
|one year||||||I2. I|92I,43 I||882,752|
|Net Current||Assets/|||Liabilities|||975,724|69,370|
|Creditors:<br>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<br>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<br>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<br>by investing||activities||||(I76,9 I9)|(235,73/)|
|Cash flows from financing|activities|||||||
|Repayment<br>of loan|||||||(2/,966)|
|Finance lease repayment|||||(50, I30)||(50,034)|
|Finance lease interest|||||(I2,990)||(/3,038)|
|Bank interest<br>payable|||||(7,588)||(7,539)|
|Bank loan advance|||||I82,966|||
|||||||I I2,258|(92,577)|
|Change<br>in cash and cash equivalents|||in|||||
|the year||||||964,523|200,084|
|Cash and cash equivalents|at the|||||||
|beginning<br>ofthe year||||||643,4 I7|443,333|
|Cash and cash equivalents|at the end||of|||||
|the year||||||EI,607,940|f643,4/ 7|





## 

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## 

|||||||||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<br>remuneration|—Audit fees|||
||relating to parent company|9,800|9,525|
|Depreciation<br>ofowned|tangible<br>fixed assets|338,I78|308,8/8|
|Depreciation<br>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<br>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<br>activities||||||
|Teaching<br>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<br>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.<br>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<br>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<br>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<br>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<br>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<br>Funds|for the year en<br>Funds|for the year en<br>Funds|for the year en<br>Funds|for the year en<br>Funds|for the year en<br>Funds|for the year en<br>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<br>64946|||356|~64 980022|67000|||E9,524,989||





|I4.2 Unrestricted|Funds: Move|ments<br>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<br>Funds:|Movements|Movements|in th|e Year||||
|---|---|---|---|---|---|---|---|
||Balance||||||Balance|
||I|August|||||3 I July|
|||2020f|Income||Expended|Transfer|2020<br>f|
|Christian<br>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<br>f|Expended|Transfer|2020<br>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<br>annual<br>commitments<br>existed at 3<br>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'<br>Pension Scheme|||||/38,45 /|
|||Total Pension Costs||||6408,185|f426,228|
|||Amounts<br>included<br>in creditors||at Year End||E51,761|f55,737|
|I|7.|Reconciliation<br>ofcash flows||from Operating||Activities||
|||||||2021|2020|
|||||||IE|E|
|||Net movement<br>in funds||||599,339|(59,027)|
|||Depreciation<br>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<br>payable||||7,588|7,539|
|||(Increase)Decrease|in stock|||(612)|/,724|
|||Decrease/(Increase)|in debtors|and|prepayments|20,102|(I8,/34)|
|||Increase<br>in fees received<br>in advance||||9,352|/52,346|
|||Increase<br>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<br>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<br>activities||||61,029,184|f528,392|





## 

|I|S.|Reconciliation||ofFixed Asset Purchases|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E|E|
|||Cash paid<br>in year|||177,095|238,366|
|||Assets purchased||under<br>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<br>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<br>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<br>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<br>Finance lease|||(/ 78,034)<br>/54, 709||( I82,966)<br>50, I30|(361,000)<br>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<br>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<br>income|||||29,988||29,988|
|Voluntary<br>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<br>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|