CAMBRtDGE STEINER SCHOOL PROJECT FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2024 CONTENTS AND INFORMATION CONTENTS.. PAGE . Trustcgs Report Independent Examiner5 Report Statement of Financial Activities Balance Sheet Statement of Cash Flow Notes to the Financial Statements 8-12 The following page does not forn part of the Statutory Financial Statements Income & Expenditure Aecount 13 DIRECTORS & TRUSTEES: J Chalfen R Nobles C Barlow T Clerc A Kinssley J Rolton (appointed 02107124) B Woodcock (appointed 17109124) REGISTERED OFFICE: Hinton Road Fulboum Cambridge CB2I 5DZ COMPANY REGISTIIATION NUMBER. 2866985 CHARITY REGISTRATION NUN(BER'. 1028116 ]NDEPENDENT EXAMINERS: Nigel A Prentis FCA For and on behalf of., Prentis & Co LLP CharteTed Accountants & Independent Examin¢TS 115c Milton Road cabrIdge CB4 IXE BANKERS.. Barclays Bank PIC 9111 St Andrews Street Ca]nbridge CB2 3AA
CAMBRIDGE STEINER SCHOOL PROJECT PAGE I FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2024 TRUSTEES, ANNUAL REPORT The trustees present their annual trustees report together with the fm8ncial statements of the charity for the year ended 3 1st August 2024 which are also prepared to D]eet th¢ requirements for a directors report and fmancial statements for Con]panies Act purposes. The flnancial statements comply with the Charitie5 A¢t 201 I, the Companies Act 2006, the memordum and knicles of Association, and Accounting and Reporlillg by Charities: Statement of Recommended Practice applicable to charities preparing their aGcounts in accordance with the Financial Reporting Standard applicY4ble in the UK and Republic of Ireland (FRS 102) (effective 1st January 2019). OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT The objects for which the charity is established is to promote and provide for the advancement of education upon the principles indicated by the late Dr Rudolf Steiner and to conduct in the United Kingdom any boarding or day school or schools for the education of children. In order to further the objectives the CSSP operates 3 Kindergartens, Parent and Child Groups and Classes I to 10 of the Cambridge Steiner School. In addition, CSSP tries to hold a rmge of other activities illcluding lecture5, Graft activities, study groups and festival Celebrations, Our website call be found at www.carabridge-steiner-school.co.uk Th¢ Trustees are aware of the Charity Commission guidanro on public benefit and their policies in the operation of the Charity reflect this. ACHIEVEMENTS AND PERFORMANCE The year to August 2024 was mostly a year of i)ptimistiC Stability. The appointment of a SGhool business manager 3nd the fonnal establi51iment of the pastoral and educational leads secured a strong leadership structure to work in conwlement with the still nascent College. Pupil numbers grew again to reach 110 and the lower school re-establi8hed itself a5 a single class structurc starting from Class One, At the governtmce level, the expanded board of trustees mad¢ for the introduction of clearer reporting mechatiisms, taking guided tratning from specialists in the field. This was not without its challenges as new and established trustees worked through how to ensure the right balan¢¢ of ovetEight and distance as well as Tole- taking and effective con]mulli¢ation. Teaching and leaTlltng priorities focus¢d prillwily on the d¢velopment of a holistic system of SEND assessmonL effective delivery of the Integrated Education (IE) and GCSE programnS in Uppei School and the recrui1ment of permanent kindergarten teacbers following a period of nmtgrnity cover. Other initiatives included volunteer reading suppo¢ a timetable for careers education, and a policy of being a phone-free school. Each of these responded both to national expectatlons and to their expression through distinctlve school approaches. The introduction ot a digital platforni for pupil inforniation and pent communication similarly emph&sised how th¢ impact of a strong leadersbip was able to bring the school fonvards through the benefit of specific but important OdIfIcatIOns. Through the Course of the year a number of workshops led by tho School Design Group at Cambridge University took place at the s¢hool. This opened up the school and Steiner-waldorfeducation to a cohort of architects and education researchers who were previousty not familiar with it. The in]pression made on tbis audien¢e was very p08itive and resulted in a collaborative activity amongst them to offer desi ideas for the school's development. The fmal outcome of this was a proposal to redevelop the front entrallce area that could be taken forward - recognising thi8 as a PTiority for the short to mediiim ter vision for growth in the school. Across IJK Steiner-waldorf schools, challet]ges remained. In this year, the closures of Brighton, Bristol, North London and shortly after Iona ottIngham) revealed onc¢ again the vu]ll¢rability of Waldorf schools in this county. Bristol was later saved through a massive local fundrdising campaign but the loss of these other schools identified two key threats: teacher recruitment financial managemellt. On both fronts, Cambridge has been reassuringly r¢silient. Whilst the supply of qualified Steiner tsachers remains a grave concern for the movemen( Cambridge was unique in the county for being registered to employ from overseas. This led to the successful recruithient of two key members of staff. Meanwhile, financial rnanagen]ent has been strengthened with clear aCCOUllting methods and realistic budgeting planning. Towards the end of the year. the election of a new government set out the importance of thi8 even more with the imposition of new and extended taxes posing as tbe Dext challenge to overcoThe,
CAMBRIDGE STEINER SCHOOL PROJECT PAGE 2 FFNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 TRUSTEES, ANNUAL REPORT .... /CONfINUED FINANCIAL REVIEW At the end of the y¢ar we had an operating surylus of £6,216. Whilst it is good that we achiev a positive outtw this is significantly lower tban the surpluses (£39k and £47k) achieved in the two previous years. However, when those eller surpluse8 are adjusted to remove one-off receipts (recovery of historical outstsnding debts and the receipt of gift aid for donations nwle over a number of years) the decline in profrt is less dramatic, Without gift aid or recovery of accrued debts the surylus last year was only £IOk and the year before it was £20k. The decline in thi5 year's profitlswplus is a product of th¢ differgnt in¢Teases in OUT fees and our expenditure. Our income from fees ros¢ thts year by £120k (15.8 % ), but our expenditure rose by £136k (17.40/0). Of the increased fee income, 9010 was due to fee increases. and the balance (6.80/0) was the result of increasing our pupil numbers. Staff costs incr¢as¢d by 15,2Q/o, but only 5 % of this was due to increased staff s&]aries. We decreased our reliance on consultants (by £20k) and increased ow investment in staff, spending an additional £106,492 (18.IVo). Looking to the future, tbe most alanning potential increase in costs. is the GoverL)ments intention to remove 80 % business tax relief from private ¢harit&ble sthools, The increased rate is payable from April 1st 2025, representing an increase in the year 25-6 of £58k. A full year increase (payable in 26-7) will be £IOOk. The inueased rate applies to the whole of the scbool premises, despite the fact that a significant part of the school is dedicated to cbildren below compulsory school age. If we were Only a nursery school we would Continue to receive the full reli¢f. The trustees Temain Gommrrted to improving the school, both to increase the quality of its provision to existing pupils and to recruit additional ones. A8 part of this they have sought additional loans from the current mortgagee (Hernies Trust). The available borrowed funds are sufficient to fi]nd the creation of a new entrallGe for the school, Additional fimds will need to be raised to fund an additional classroom by 26-7. This new eDtr&nce should Jot Only provide a better experience for those coming to the school, it will also increase our ability to let out the school hall for functions, thereby increasing the school's irLCOrne. IESTMENT POWER AND POLICY The Trustees have wido powers from tbe Memorandum of Association to invest as they see fit. RESERVES POLICY The Trustees will be reviewing a reserve policy during the coming year. Factors to be taken into account include the need to cover potential fluctuations in illcome, current liabilities, and tu]planned expenditure. PLANS FOR FUTURE PERIODS 1The key aims going fOrnd are as follows:_ l. Clarify leadership and management within the new Collegiate struGtLwe 2. Maintain fmancial stability through careful financial control and increased admissions 3. Review plan to extend kindergarten provision 4. Establith stronger communication with parents and extend reach into the wider community 5. Plan and fiuJih3ise towards phased school building redevelopment 6. Clarify and improve holistic assessment practices 7, Recruit to the board of trustees whilst mailltaining & balance in favour of ¢xternal merllbers STRUCTURE, GOVERNANCE AND MANAGEMEKr Governing Document The Cambridge Steiner School Project (CSSP) is a registered charity (registration number 1028116). In 1993 tbe CSSP w&8 inCoorated as a Private l.imited Compktny (registered number 2866985), Limited by gLEaralltee and is therefore governed by tts Memorandum and Articles of Association dated I st Septeber 1993. AppoRntment of Trustees Trustees have the power to appoint any ember of tlie association as a Trustee provided that the Dwimum of12 is not exceeded. Trustee Induction and Training Trustees are given induction from the Steiner Waldorf Schools Foundation (SWFS) and are supported, with the assistance of a reglllaT ski115 audit, in fiuthgr training to develop skills and kllowledge in key areas,
LAMBRIDCil- S'TEINER %LI.I(X)I. PROJEL'I. I>AtiI: .1 I.'INAN('IAI., S'I'A"I'I'.MP.N'l'¢> F()R TFIE. Yk.AR bNDLD 3157. AU(iUS'f 2024 'I'RUSI'1.:LS' ANNUAL. RI:'I>OR"I" .JL()N'fiNIJPD Orgaul&'alitsn '] I'itslees kilivern th¥ Ll)arity thI1h rLBul¥r in¢rtTrnwi but the day to day nianabJLm¢nt 1$ carrie(J uut by the School l£adcNhip K b.y MANACIL..Ml.NT PLKS'ONNEL 'I'lit Ixusle,LS ronsidbr the Schoul LeadrTship'l ¢&n io be ihe k¢y SnaLle1cI persoDn¢l of the Lharity in ¢har&De of directi1 and r,iJnts'ollip&) Ihe Lh21 rity on a da) to day basis. All I'rusteL's give th¢ir lime frttcly and.n(F trustL'e remunffl'atiun or exp#n5L% were paid in illi yur. Truslees, lixpen$ are disclosid ill nutc 7 1?f th¥ finan¢iiil.4tatcmttnts. RI%K MANACil"ME,NT ".I'li¢ I'rust¢es aru r&Yponsible for IhL' niiiii¢Il&InQkl o"risk by the ohuyity. D¢Lailed ciiiisidLfdlioii nf risk is delegated lo tIIL SLliool E,e&dership I'eam, Risks ar¢ identified, assessed Lontrols e51¢1bIhLd Ihroughout ihe year. i-Kus'rirf,LS 'IIL following servod us 'l'ru4t¥e¥ duriny, the yL%r.'. J Lhalliii R NublL 1. LILrc C Byr5oM' A Kth¥sl£y J RolttKR- appoilltvd IJY07r24 11 Wwdcock. _ appointed 1710(J124 {aftLY ye[ tnd) "I'IiUSTk.E5' XLSPONSIEIILII'11..:S IN KF,LA'I'IUN 'i'Fir V1NANC:IAI. s'fA'fbMEN7 'll1e Lbarity Irusle¢% (whii llre alio directors vf thv chariiy for tlie purp¥sv4 Df L¥>mpdny ItN) or¢ ii¥)vn5ibl¢ preparin d IN¥1cL, anpual report finani;ial st¥itLmciits in acL'ordallce with uppliiitsEe law and United Kin&¥dom ALcovnlin¥ Sthnd4wds {Ulliled Kingdoni (i¢iiLhrally Acc¢pted Ac¢oiiNtlnL? PracLi£e). Lompuny law reqUIs the kharity trusices tv pware finaniial stsÈL'li)ents for LYCI) year which g¥¥¢ a triiL' and fair vi¢w ol. Ihc stat¢ of affairs ()r the charit4blL comp&ny und of thc illLolliin¥ resvurceg and upi)li¢uiion vl resourcvs, in¢luduig the ihcome dnd Lxp¢nditur¢ for thL y¢&r ihen elided. In i)repariiiK Ihe finanLial slatwri¢nts 1¢ trustees. al'e required to. • s#lect %uitsbl¢ ac¢ounlink poltoiks and iipplj ihflli con5iSt¢ntfy' ub5LY¥e the inethod8 principle5 111 thtt I",haritiL5 SORP. niake jiidgcTnents #%linialLs ihat ar¢ r¢a8on4blc und yrudeiit; i itAndiwds havL. b¢ell followea, subjcci 14> &iiy niateiial depurtum disllosed aiid tatv wheih¢r'appliLable IJK awounlilib . explaAn¢d in thc linnnuidl slaleJnent%', pr¢ptw¥ th¥ tinwicial tstatelli&nts the goinLy LonLern b&si¥ unless it is iii&pw'opriat¢ tr) presuni¥ that the Lhurity will ¢onlinii¢ in biisinv5S. 'I'he Inistecs ar¢. re.sPtJn$ible for ke¢pinb pri)pcr aLcoIAlli1Tr reciirds ilwt di&Llos¢ with rea$onabl¢ arcurucy al uny linie the rin&nLi¥I p(>silion uf the charity ¢yid to enable them ¢0 ensure Ilwt th¢ finauL'lcl1 st1¥ temenl% cornply w>lh thL Companies Acl 2006. '1'hLy dri. also responsible tUT safeguarding Ihe &ssels of tlie churity aiid hen¢v idkin& re8sonÈblL Steps foy tII# i)rLveiitiiKI d6't#¢Xi<)n of fraud and i)ther ii'riuulariliL%. 'rh¢ Inistees dri. al%0 respollsibl¢ tor the m41iiit¢nanLii an(1 ÈntL'grity orth¢ COfPOTatc and fiiiancial infcyrination inLluded o the oliaritable compAiigs websilc. LtsBtsldti(Jn in the United Kingvdum ¥overiiin8 the preparation and di5seminatiOD of fin11 stulein¢nL4 may diff£'i' from legislation in other jw'¢sdiLIioii%. Appr()v¢4 by Ihe Irusl¢e& tyn Ill rl 2fo2g Jnd siL¥¥ted on thcyir beliuifby: Joel (:hAlf¥n, .1 ruslLe Richard N<)blai,. 'I'nJst¢e
CAMBiiIDGE STEINER SCHOOL PROJECT PAGE 4 F]NANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST AUGUST 2024 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF CAMBRIDGE STEINER SCHOOL PROJECT I report to the charity trustees on my examination of the accounts of the COTnpany for the year ended 3 1st August 2024. RESPONSIBILITIES AND BASIS OF REPORT As the chity'S trustees of the company (and also its directors for tho purpose of GompaDy law) you are Tesponsible for the preparation of the aGGOUllts in accordance with the requirements of the Cotnpanies Act 2006 ('the 2006 Act,). Having satisfied myself that the a¢¢ount of the company aTe not required to be audited under Part 16 of the 2006 Act and are eligible tor independent exatnination, I report iji respect of my examination of your charity's a¢¢ounts as carried out under section 145 of the Charities Act 201 I Cthe 201 l A¢t'). In carrying out my examination I have followed the Directions given by the Charity Commission ullder section 145(5) (b) of the 201 l Act. INDEPENDENT EXAMINER'S STATEMENT Since the company's 0s8 inco]ne ¢xceeded £250,000 your exajniner must be a member of a body listed in section 145 of the 2011 Act. I confiTm that I ajn qualified to undertake the exajniaation because I am a rllember of tb¢ Institute of Chartered AccoLtantS in England and Wales, which is one of the listed bodies. I have completsd My examination. I confllrn that no matters have to my attention in connection with tbe examinatioll giving rne caus¢ to believe: l. accoLmting records were not kept tn resp¢Gt of the company as required by section 396 of the 2006 Act, or 2. tbe accoullts do not accord with those records; or 3, the accounts do not comply with the accounting iequirements of section 396 of the 2006 Act other than any Tequiremcnt that the accounts give a kni¢ and fair view which is not a nwtter considered &s part of an independent examination. or 4, the accounts have not been prepared in accordance with the method8 and principles of the Statement of Recommended Practice for accounting and Teporting by Gharities (applicable to chgTitie8 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)). I have no concerns and have come across no other nmtters in c(mnection with the examination to wbich attention should be drawn in this report in order to enablg a proper understanding of the accounts to be reached. NIGEL A PRENTIS FCA tNDEPENDENT EXAMINER FORAND ON BEHALF OF: PRENTIS & CO LLP CHARTERED ACLOUN fANTS 115c Milton Road Cambridge CB4 IXE IsEh rf 2oLs.
CAMBRIDGE STEJNER SCHOOL PROJECT PAGE 5 FINANCtAL STATEMENTS FOR THE YEAR ENDED 31 ST AUGUST 2024 STATEMBNT OF FfNANCIAL ACTIVITIES Restricted Unrestricted Capital Funds Funds Total Fun 2024 Not¢s INCOME . CURREN'T YEAR Donations and voluntary income Other trading activities Investment income chitable activities Government grants Total incorne 21,517 16,381 665 870,694 I2,307 21,517 16,381 665 870,694 12,307 921,564 921,564 EXPENDITUR Charitable activities 915,348 915,348 Total eyenditure 915,348 915,348 NET MOVEMBNT IN FUNDS 6,216 6,216 RECONCILIATION OF FUNDS Total fimds brought forward Total fullds carried foiward 405,315 361,518 766,833 411,531 361,518 773.049 Regtricted Unreslricted Capital Funds Fund5 Total Funds 2023 Notes INCOME . PRIOR YEAR Donations and voluntary in¢on]e Other trading activities Investment income Charitable activities Government grants 37,999 16,590 41 751,686 12,799 37,999 16,590 41 751,686 12,799 Total incon 819,115 819,115 EXPENDrtURE Charitable activities 779,743 779,743 779,743 Total expenditure 779,743 NET MOVEMF.NT tN FUNDS 39.372 39,372 RECONCILtATION OF FUNDS Total funds brougEtt forward Total funds carried forward 365,943 361,518 361,518 727,461 766,833 405,315 All income and expenditure derive from continuing activities. The notes on pages 8 to 12 form part of the financial statements.
CAMBRID(if..s'i"LIWL3R SLHOOI. VRnJb.ri"121166985) PAGlw. 6 I,'INAN(:IAL STA'I"I..;MliN'I'S FUR THE YliAR fr.NDED 31 S'l" AlJ(iLIS1" 21124 BAI..ANCL.: 514EL'I' Notc 2024 23 rixLD AS%E,TS TuiibTible a5%¢1s 1,024,392 I,Q32,289 CURRF.N'f ASSF"rs Debtors L'ash at bank and in hdnd io 22,952 261,720 37,890 219.1?911 'FOI"AL CURRF.NI" AS814,'I'S 284,672 257,8118 LIABILI'I'II;S Cr¢dit<)rs: uinount& fulling clue withill one year 289,499 251,370 NF""I' C,URRP.NI' ASSF.'rsi(LIADII.ITIIS') TO"I"AL ASSII"S I.I.'SS CURREN'f LIABILITILS {4.827) 1,019,565 6,51¥ 1,038,S07 CredftQ. aJnount.8 f&llinb due aftei. one yeai. (246.5 J6) (271,974) 766,8J3 TO'I'AL NE",'I' AS%b.'I"S 773,,049 TI.IL fr"UNDS OF"1 HI;, CIIARI'rY UiiresfriL'ILYI Fundy Restvi¢tL.d fund5 12 13 411,531 361,518 405,31.fj 361,518 766,833 'roTAL L>IARITY I.'IJND% 773,049 'Yhc directorts wnsid¢r thal Ihe c()mpany c.ntitled 10 oxen)Piiim from rrquircni¢iil lo have audii uiidei, the provision5 ol'S¢x¢tion 4'77(1} of the Cijniiianies ,Act 20V6. Mernber4 hllwe nt)t reqiilr¥il Lompany und¢y SLclion 476 of thc Cuini)ani ALt 2006, to 4)blain ai) audit fur the year ended 31 st Aubyu5t 21J24. T17e direL"lors ucknoivled¥e Iheir r¢%ponsibiliti¢y fDr enyiii'lng tlillt the LOn1pTrY keeps accoun(illLTr records whiLI) comply wttli S¥cts-on .186 and 387 of the C(>inpanics Act ?.006, und ror prLparin¥ financiAII stalL'Mieiits wliich &iive a truL4 and fair view ol'the state ol.iifta1 t7fth¢ Lonipaiiy ¥AS al 31st August 2024 and of ils Tlet surplus for the ycar ilien ended in a¢¢Y)rdunce with thc req. uir¢yncThSs ot Seciion 396 and whtch otlierwise ¢omply witli ilie requiremlts. of tl)e Act re18ting ti) the finaneial slate11¥5 far as ai)plicable to th¥ LompaTiy. 1lS report, whicli bceii prepar¢d in acCOrdlee witl) the spEci#l provi5ion,4 r¥liltill14 t() companie% yuhject fo the sinitll ¢ompaYiiLs r¢gime wiihin Part 1.5 of the Lompanies A¢t 2006, was aPPTove.d by the board on au(1 .815¢[% oil its b¢half. Apprc)ved by: Joel L:hiiltin, I"rusti¢ Rl¢hard Noblets, I'rustee Tlie nut¢5 oll paLie5 8 to 12 form part of th¢se finan¢ial slalemLnl5.
CAMBIUDGE STEINER SCHOOL PROJECT PAGE 7 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST AUGUST 2024 STATEMENT OF CASH FLOW Note 2024 Total 2023 Total Cash flows from operating activltles: Net cash provided by operating activities 14 41,057 164,068 Ch flows from investlllg activities: Interest Fixed asset additions 665 41 Net cash provided by investing activities 665 41 Change in cash and cash equivalents in the yeaT Cash and cash equivalellts brought forward Cash and c&8h equivalents carried forward 41,722 219,998 164,109 55,889 26l,720 219,998
CAMBRIDGE STEINER SCHOOL FROJECT PAGE 8 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST AUGUST 2024 NOTES TO THE FtNANCIAL STATEMENTS ACCOUNTING POLICIES (a) BASIS OF PREPARATION OF FINANCIAL STATEMENTS AND GOG CONCERN The fmancial stateLnents have been prepared under the historical cost ¢ollvention with itsms reColsed at ost or trnn8action vallle unless otherwise stated in the relevant notes to these financial staternent5. The financial statetn¢nts have been prepaTed in accordance with Accounting and Reporting by Charities: Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2019) - (Charities SORP (FRS 102)), the Financi&l Reporting Standard applkcable in the UK and Republic of Ireland (FRS 102) and the Companies Aot 2006. The charity constitutes a public benefit entity as defilled by FRS 102, (b) INCOME Voluntary income alld donations are included in income and are recognised when there is entitlement, The in¢ome from fundraising ventures is shown gross, with the associated costs included in ndraising costs. Inveslment income is recognised on a reGeivabl¢ ba81S, {c) EXPENDITURE Expendilurc 15 included in the Statement of Financial Activities on an accruals b18, inclusive of any VAT which cannot be recovered. Charitable Activities include all the Costs of rlTring the school. (d) TANGIBLE FIXED ASSETS AND DEPRECIATION Tangible fed asgets are stated at cost less depreciation. Depreciation 15 provided on all tangibl¢ fed assets at:. Fixtures and fittings Bnergy saving equipment Motor vehicles Office equipment Long leasehold 15 % reducing balance basis - 200/0 5tszight line basis 330/0 straight line basis - 25 % 5tr8ight line b&sis - over 150 year5 straigbt lin¢ basis (e) FUND ACCOUNTtNG Unreslricted fimds are general tillS that are available ft>r use at the trustees diSet10n in furtherance of the objective5 of the charity. Designated fijnds are unrestricted funds set aside at the discretion of the trustees for specific purposes. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or pUoSe by the donor. (fj COMPANY STATUS The charity is a company limited by guarantee. The members of the company are the trustees named on the front page. tn the event of the charity being wound up, the liability in Tespeot of th¢ guarantee is limited to £1 per nmber of the charity. (g) FOREIGN CURRENCIES Monetary assets and liabi]ities in foreign Gurrencies are translated into sterling at the rdtes of exGhange ruling at the balanc¢ sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the tran5actii)n. Exchange diffeTellces are taken into account in arriving at th¢ surplus for the year. Unrestricted Unr¢striGtsd Total Total 2024 2023 DONATIONS AND VOLLfNTARY INCOME Other donations and gifts 21,517 37,999
CAMBRIDGE STEINER SCHOOL PROJECT PAGE 9 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST AUGUST 2024 NOTES TO THE FtNANCIAL STATEMENTS INCOME FROM OTHER TRADG ACTIVITIES Total 2024 Tot 2023 Feed in tariff Pool electricity income 3.914 12,467 4,372 12,218 16,381 16,590 VESTMBNT INCOME Invegthent income of £605 (2023.. £41) ari8¢s from money held in an interest bearing deposit account, tNCOME FROM CHARITABLE ACTIVITIES UnrestriGt¢d Unrestricted Total Total 2024 2023 Educational Provision Fees and contracts Local Authority Early ye'S 821,975 48,719 720,052 31,634 751,686 870,694 EXPENDITURE ON CHARiTABLE ACTIVITIES Unrestricted Unrestricted Total Total 2024 2023 Pupil costs Staff wsts - note 7 Premises costs Admin costs FiFwts¢e costs Governance 15,193 676,759 128.614 61,685 28,977 4,120 30,401 587,318 106,704 40,339 10,913 4.068 915,348 779,743 ANALYSIS OF STAFF COSTS Unrestricted Unrestricted Total Total 2024 2023 Gross wag¢5 Employer's National InsLU'ance Employer's P¢n8ion costs OtheT Staff costs 558,192 41,482 12,204 64,881 463,632 32.002 9,752 81,932 Total staff cost5 676,759 587,318 AVERAGE NUMBER OF EMPLOYEES The average nurnber of employees during the year was as follows.. Direct Charitable work Administrative 2024 2023 30 29 No employees received remulleration of more than £60,000. The Trust consid¢rs its key management personnel to be the Trustees, No remuner&tion was paid to the Trustees in the year, or the previoug year. No expenses were reimbursed to the Trustees in this year or the previous year.
CAMBIUDGE STEINBR SCHOOL PROJECT PAGE 10 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2024 NOTES TO THE FtNANCIAL STATEMENTS NET INCOME FOR THE YEAR 2024 2023 This is stated after charging,, Depreciation of tgible fixed assets owned by the charity Loan interest payable Independent Examiners fee 7,897 8,423 4,120 7,945 10,258 4,020 FIXED ASSETS CUIIRENT YEAR Long Leasehold Land and FixNres and Office Motor Buildings Fittings Equipment Vebic1¢5 Tot&l COSTIVALUATION At 1st September 2023 and at 3 l%t August 2024 DEPRECIATION At 1st September 2023 Charge for the year At 31st August 2024 1,143,327 124,557 2,964 3,382 1,274,230 112,868 7,622 122,727 275 2,964 3,382 241,941 7.897 120,490 123,002 2,964 3,382 249,838 NET BOOK VALUE At 3 1st August 2024 1,022,837 1,555 1,024,392 FIXED ASSETS PRIOR YEAR Long Leasohold Land and Fixtures and Office Motor Buildings Fittings Equipment Vehicles Total COSTIVALUATION At 1st Septernber 2022 and at 3 1st August 2023 DEPRECIATION At 1st September 2022 Charge for the year At 3 1st August 2023 NET BOOK VALUE At 3 1st August 2023 I, l43,327 124,557 2,964 3,382 1.274,230 105,246 7,622 122,404 323 2,964 3,382 233,996 7,945 112,868 122.727 2,964 3,382 241,941 1,030,459 1.830 1,032,289 10, DEBTORS 2024 2023 Trade debtors Other debtors Prepayments 2,381 2,532 18,039 14,184 454 23,252 22,952 37,890
CAMBRIDGE STEINER SCHOOL PROJECT PAGEII FINANCIAL STATEMENTS FOR TIIE YEAR ENDED 31 ST AUGUST 2024 NOTES TO THE FtNANCIAL STATEMENTS ii. CREDITORS 2024 Due within Due after one year one year 2023 Due within Due after one yeat ODe year Trade creditors Loans Mortgage5 Pa)ents in Advance and Deposits Accruals and deferred income 50,390 9,938 17.321 57,500 154,350 42,133 10,000 16,412 57,000 125,825 10,093 236.423 20,000 251,974 289,499 246.516 251,370 271,974 The mortgage balance of £253,744 (2023: £268,386) is secured by a legal charge dated 21112107 on the property at Hinton Roa(L Fulbourn, Cambridge. 2024 2023 Aggregate of instaEments whicb fall due for payment after five years., 167,139 186,327 12. ANALYSIS OF MOVEMENTS IN UNRESTRICTED FUNDS CURRENf YEAR Opening Balallce Closing Balance Incorne Expendithrc Ggneral Fund 405,315 921,564 (915,348) 411,531 ANALYSIS OF MOVEMENTS IN UNRESTRICTED FUNDS PRIOR YEAR Opening Balance Closing Balance Income Bxpenditlr General Fund 365,943 819,115 (779,743) 405,315 13. ANALYSIS OF MOVEMENTS IN RESTRICTED FUNDS Propety Fund This represents monies specificalty donated for the acquisition of tbe Freehold 5lte for the school. There have been llo movements in this fid in the Current year or the prioT year. Balance at 3 1st August 2024 was £361,518.
CAMBRtDGE STEINER SCHOOL PROJECI. PAGE 12 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST AUGUST 2024 COME AND EXPENDITURE 14. RECONCILIATION OF NET MOVEMENT N FUNDS TO NET CASH FLOW FROM OPERATING ACTtVITIES 2024 2023 Net movement in fun(Ls Add back depreciation charge Deduct interest Decrease in debtors Ina'ease in creditors 6,216 7,897 (665) 14,938 12,671 39,372 7,945 (41) 14,618 102,174 Net cash provided by operating activities 41,057 164,068