CLMBIUDGE STEINER SCHOOL PROJECT FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 CONTENTS AND INFOILMATION CONTENTS.. PAGE.. Tru8te¢3 Report Auditors Report Stateo)eM of Finarlctal Activities Balancc Sheet Stst¢Ent Df Cash Flow Not¢5 to th¢ FiDllncial Statements 10- 14 Thc (ollowin8Pfft8e does not foTh partof the Sthtuw FiDJn¢iol StatemeDts Income & Expenditure Account 15 DJRECTORS & TRUSTEES.. J Chalfen R Nobles C Barlo A Kin8sI¢y J Rolion REGISTERED OFFICE: HiDton Road cllri¢ CB215DZ COMPANY REGISTRA'fioN NUMBER.. 2866985 LHARtTY REalSTRATION NUMBER.. 1028116 AUDITORS.. Ntgel A Prentis FCA For and on behalf of.. Prcntis & Co LLP & Ststutory Auditors 115c Milton R(Md Csmbridge CB4 IXE BANKERS.. Barclays Bank PIC 9111 St Alldrews Strtct Ca]nbridge CB2 3AA
CAMBlitDGE SIEINER SCHOOL PROJECT PAGE I FtNANCIAL STATEMENIS FOR THE YFAR ENDED 31ST AUGUST 2025 TRUSTEES, AKPIUAL REPORT Th¢ trustees present their annual tn]5te¢s repon together with the fitwicial staierneDts of the clwity for the y¢ir end¢d 31st August 2025 which are also prcpared w rtted the requrr¢m¢nts for8 dir¢¢wrs report aTMi fingllcial 5talETtL¥llts for CompRlliE5 Act pujposes. The finan¢iwl statements compty with the chilIeS ALt 201 J, the CompaDits Act 2006. thc MeDJorandum andArticle8 of Association, and Acwunting and Reporting by ChaTities.' Stat¢m¢ni of Recomm¢nd¢d Practice applicable to charities preparing their #c¢ounts in ac¢ordance with the Finan¢ia] RepLti)E Stw)d&rd applicable in the UK andRepublic of Irelalld (FRS 102) (efftctive 1st January 2019). OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENBFIT Th¢ obj¢¢ts foT which the charity 15 Established 15 to promi>te and provide fv the advanrKmeni of educarton upon the principles ll)di¢ated by th¢ late Dr Rudolf St¢in¢r and to ¢ondu¢i in the Unitd K>Trgdom gny knardin8 or day school or schools for the education of children. In ord¢r to fith¢r the objeclives the CSSP operbtes 3 Kinder88nens, Pareni and Child Groups And CI&sges I to 10 of the Cambrid8e Steiner School. In addition, CSSP tries w hold a range of odwactiwities including lecture5. craftaciivities, stu 8roup5 and fe5tiYal celebrhtions. Our websiie can be found www.imbrid8e-sieiner-scbool.¢o.uk. The Trustees have had regard to the Charity Commission guidence on public benefit and their EM)licies in the operation of the dwity reflect thls, as show) in th¢ followD)g seaions of the JrporL ACHIEVEMENTS AND PERFORMANCE The )i¢ar WAS marked by 8 number of tests trj the school's T¢sili¢nce, nwiagemeni and 8ov¢rnan¢e.. the imsIOn of VAT on school frt5: the removal of busines8 rates relief. and an OFSTED inspection beiDg th¢ prcdominant ones. 'tbe fir%t two pr¢ covered in the fumncial rebiew below. The in$rKctiim, whilst PTyratiODS were very much in place, caJn¢ u # surprise being ID the very l&st week of the &cadernic year. The stsff and leadership team hcld it well and, whi15t the out¢om¢ was nut exactly what w¢ w4nt¢d, the critl¢lsm w¢ll-rec¢2ved svpp)nive of changes already bting mode. With the fAellI p$s11r¢4 nd ithtYrtAiniieg, plfvtt$ to develop fv frmt entr8ntre of ihe 8r.hool werp nn hnlA li d( rcrnain an ambiiiort for trU¢¢S io stt the gite developed. This would be to ensure suirable Sp¢5 for the Continued growth of $iD8le c1&89ts: a more attractive wetcome. better rewtrce for public hire. Pthrti¢uS#r mentiott should b¢ rtde of Tin& Hobday ill this report. Ai the of the year, th¢ resiwlion of the school busine%s manager required herto step up ittto the bursar role alonyide her role of hEad of uppeT s¢hool. I1iis was further compounded when u Cla teacher left and Tina touk on that positiun &¥ well for Iwo *nns. Few peoplE rould hav¢ Tnallagcd this And even fewer to have mAged gs well as Tin& Her lethnhip A¢ this time was impressive and snvaluablr, and no le35 SO W&S teRcbiD& Indeed, on thc positive sid¢. the Y 8150 marked by th¢ aduati(lI of i)ur fikSt Uppu Scliool ¢oh(krt- cach of whom sUCcruI1Y progressed onwarth to tbe next Slep of their a¢adEtnic and prof&8sioAal learning. F¢edback indicakd thc vulu¢ of a bybrid s)rylem- of GCSE exams alon&side the Crossfield's iDsliiuts knte8fdted tducation (IE) Dipltra. Without a Cla moving immediattty into th¢ upper %hool. ther¢ As tim¢ forfjJrther d¢v¢lopment of the offer to en8iire gruwth at thi8 eDd ofthe school. FINANCIAL REVIEW This was a y¢ar in wbicb we bad to pay fiL]I blesS for the first time, April 2025. This is r¢fle¢t¢d i the accotu]ts by the steep rise in premises ¢05ts, from £128k the pr¢vious year. Eo £178k this ycar. Our illeome rose trom £92 Ik to £l,Q64k, an llLcrca5e of £143k {15.48%). Our eXn(ture n)5e fr(ll £915k to £1.025K an increasc of Only £1 Iok {12.OP/). This contrdsts with the position lth year Lx>mpared to the year before123-24) expellditure rose more Lh2n ith¢ome. In this fioan¢ial y¢aT th¢ school has made a profit of£38 J27 (3.60h of turnover). This is all iD]proYement from la$l' year when 01 profit was ouly £6,216 (0.67°A oftutnovcr). Howevrr, Witho voluntsTV dotao¢ions (whi¢h thi5 year totslkd £42,967, llp fron3 £21,517) the %bool would bave tnade a10&8 of £4.640. Thi5 POttLts to the schi>ol'5 ciiIr¢i]treliance voluntary donations.
CAMBIUDGE STENER SCHOOL PROJECT PAOE 2 FfNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 TRUSTEES, ANNUAL REPORT ....... FtNANCJAL REVIEW. ¢ontmued The levcl of profit curretttly acbieved makes it difficult to fit1&t¢ significant scbool improvements from ¢wrent revenue. The sth¢y)18]$0 hLg a weak liquidity positi. As you c#D see frorn the balance 51tttthe assets {cash at)d debts due to th¢ schor&l) at the eDd of 2025 w¢r¢ onty £12,918 moT¢ than its detls. This bett¥th4n th¢ y¢ar kfor¢ whon ow debty exGeeded cash huldings and expected paymeDis by £4.827. Butan end of year toth] of liquid assets of onty £12,918, set against an expenditur¢ of £1.025K is a swlus of only 1.26%. Thi5 weak position fiuther iDhibits swdtiig on school The current weakness in our level of profit and liquidity witrAsts with the srMBth of our POSIUOD if one looks at our m&ior capital asset- the scbool site. The current ttkngage is si1c8ntIY less than the value of the sits. The biths are CUTr¢ntty investlgatln8 the possibilities of rniSiD8 a l<Jan. on security of the school's lease, to fimd si8nSficttttt improvements to the fabric of th¢ h(m)I. with 4 view to atyKtin8mor¢ pupils ty th¢ 5th1. well ts Incro&sin8 the qudlity uf il¥ provision io its existillg stwknt pornatiL INVI.S[MNT POWER AND POLICY The Trusto¢$ hav¢ wide powers frotn the Memorandwn of A53]atIr to invest as they 8tt fiL RESERVES POI.ICY The TrJ8t¢¢s wryll b¢ revl¢wlnB a rtscrve policy durill8 comin8 ye4r. FxtOTY to bB taken Itrto aefA)Unt Include the need to cov¢r •ia] flu¢ti•ti0Th8 in incom¢, CUTreDt liHbilitie4 and uDpl4nrrtd exnd1th. PLANS FOR FUTU PERIODS The k¢y 4im5 8okns fotward are as foll¢)ws:. l. Seek io grow the 6¢hool through marketing al EYemi5eg development 2. Develop the funthtti3ill8 QPIm1rt1¢i¢S to thi$ 3. F.nsure consi%tBncy of compliance in ieKhirt8 Nnd learnins w meet OFSTED requrements 4. D¢velop parent and community outreach. including strengthening the FfA S. F.xpw)d the mi$te¢ bowd and 8overn#nce wtems Are TO1 ¢on2iqt•ni 6. ExtEnd ¢ommwiity partnerships by engagin¥ with local gTOUP5 and Councils STRUCTURE, GOVERNANCE AND MANAGEMENT Gov¢rnlDR Do¢yment 'rhc Lambridge Steiner School PYoje¢t (CSSPI is a rryistered tharity (r¢giSlratj( nwllb¢r 1028116). In 1993 the CSSP IOrpOrat¢d u a Privatc Limitcd Lompatsy (registered number 2866985). Limitrd by Bumtee and is therefore 8overn¢d by its MernoTrndwD pnd Articles of AssociatMJn 1st SeNarthr 1993. AppDlthtmen¢ of Trns¢e¢¥ Trustee5 have the powerts up]x)int 8ny me4nber of the as¢11 a5 u Tn provided thatth¢ maximum of12 is not ex¢¢¢de Trustee InductioD and TTxiMing Trustee8 are given induetion frorn the Steiner WaldorfSclKM)b FouDdation {SWFS) and are 5WJPDrtP with the Ms$is¢Jm¢¢ of# regul8T skills audit, in furth¢T troiningto dClOp skills aDd knowledg¢ in k¢y arw. OrgantsHtlon Tn]8tecs 8ovem the cbarity througb rc8ulaT the dayto dAy is c8ttAed out ty the School IadShIP T¢am. KEY MANAGEMENT PERSONNEL The Trnstees consider the 5eh(M)I Izth5hip Team to be the kry managernent per80DDel of the cbarity in cheTge of directing atld controlling the charity on a day to day basis. All Tn give their time freely and no trllstee rernuneratiDt) or exw5 wcrc paid iti the year. 1'rLLttees' expense5 are disclose41 in Dote 8 ofthe financial statements. RISK MANAGEMEwr The frustBe5 are re5rxmsible forthE mBDagalle]rt ofrisk faced by the cknity. tknilcd GonsidtIOn of risk is d¢l¢gat¢d to the School L*aderthip TeanL Risk8 are identified. &ssed and cotrtrots establisbed througbout the ycar.
CAMBRtEfTF. STFllNFIi SCHCK)LPROJBcr FtNANCIAt. sl'AlEfvKfS bXXlTHB YEARPNDkD 31ST AEJougf x125 TIIU8TFAVANNUhL REFORT .... Tt1U¥TF.s J Chnlfon 1. Li¢MlroJIb 1ts709123) C ]kn1¥ AKinu51ey JRpMon B W0]C{k14)ptfftI 17h)9f24 resipkd I IrtW15) TWS'fFES' RF,.sPON¥[BTi.[E8tNR15EAnyT0m4 frTA sfNTFMFxrs '1 chllrifv Ir¢ALw dir¢dmofth¢¢hatiiy for laiv) NSWLyihle for pre4WW ' th truAWi' at]mJal rgwr18nd IlrpwKtol tEDl4%18L)aJtdI 1th aHTrl•bl¢ Jou'4ttd I11 Kt[4d¢A¢¢oUID& GJni¢ai Oetteraily A¢AAtir¥ pl7c#S Cumprtny 5uwrequir¢$ chÉrity ¢0 wepwr firAial Cote544l%a Calrvtowèf ofaffAir401"tho ¢bAn'¢xbiothmm 6tuloltt% intyxntn8r¢ujcCs wxl A',¥lit41io.'i ofr¥%uwre¥. iHclvJiu8 d obyom tho Jn¢UyKli INI Pr$1¢$ in Ik. c%1¢¥ YORP. . stAI@ whothw4m)bL4l>kUK oc¢11% Mrthtds knvL'betk folloThxl. ttny dopfjrtwes d51¢1owJ ' pryreth¢ ststsmeslts ¢th¢M kni¥knil IhRi the ¢horiiy WJI fiMnci&l y0attiokiof LIrIty olmi tt)t%wbl¢ ¢nwo thn¢th¢ Ilthwal SL¢&ten1Y lI]Ith£ ALi 'lhy Ipwmibie ib¢ o(¢kdwril)' %akwwro&xThble lor rilllliwial may frolli1#8ixl&iithi gTAI.INbNr I)lSCJ.08lE OFJNFORNlhllON TOAiIIXTOIL8 Itsthe ofrothoftrR lh¢1k of Tntsts•i ts IILN Ilrytt i¥appri)vtd., (1> So Tn]slw8r¢ thvrt i5W TpIov&#LatbJiiititbtyknimljnfuuMtionTrp byiho¥F¢[lty$?dffor (b) - of fv ljomlof TntstvJoJw¥ 18kcn all th¢ s¢4¥5 Ihu. bi'c ifjl'on w ke IheJnxlvosuw•re iWFAlly a(%4)ied ath?tmbi4 principles Orpracti. ikn Bo frfY¢ttyw rg8yrdtothts$ubJthftc¢¢)r 'rh¢ Atdjtor% pti5 &L'o LLP. %MtIlK tts&woirttillLYLt in r¢WithSA1lI7Li4gs Cornp A¢1 2010. lljo htsytskModva(&tt8e of Ihe pruviy:uiw81thilAbleto •llcon4)yniu uKtsPart IS X. Ap)yrd iry th¢ trLfft¢*S on Rth NoblA'Fn
CAMBiUL)fjE STEINER SCHOOL PROJEcr
PAGE4
FINANCIAL STATEMENTS FOR THE YEARP4DED3isfAUGUST 2025
INDEPENDENT AUDm)K'S RBPORT TO THE TRUSTEFS OF cANtaR STEINER ScHL PRoJEcr
OPINION
We h&ve &udiied thc fthanciai s(atrmtnts of Cambrid8c Steitier SrhoDI Proj thc ycar cndui 31• Au8U5t 2025 syhith
c4>mpri5c of thc Statement of Financial Adivitix the BaJBrJcc Shrt Ststl of Cash Flows note5 to the fiTrancl
5tatemBftts including 8 MMary Df si8nifL£ani ac¢ountin8 tM)licits. The porting fr8mework that has beED applied
ID thcirprepBrdtion is applicthble IBW and United Kthgdom Accounting Stand&rds itscludin6 Firthnti81 Repo.rying Stand8Td 102
"Th¢ Financlai Re]A)rtll]g Standard applicable ill the UK It R¢public of tre18Dtr' (Uniied Kd0 Generall> Accepttd
Accouniing Ax'iiecl.
ID ouropinton. thc fmanci81 temetr..
give a true and fatT tW of the atr of thetharitable COms1ffa1yS&$ at31QAu8uA 2025. and of its surplus for
th¢ year then eJJdtd.
have bccn propuly prepat¢d ID actotdaDCC with United KiD8dom Grwaily Acttpted AccnuT)Dn¥ Pr4cli¢e",
hav¢ bets) prepw¢d In acujrdance with the rtquiremefttsof th¢CImpill Ad 2(.
BASIS OF OPINION
We cDuductcd our audil wKordan¢¢ with Internationaj SthDdards on Auditing IUKI IISAS IUKII Bpplicablc law. Our
respon5ibilitie5 und¢r tknse styndBrds aTe further dCScrib in thc Audityr'5 rc5p)n5ibilitics for thc &udii of the fin8nci
5taicmenis se¢lion of wr rcp)rt. We aTC Ind¢Prndt of th¢ ¢knrithbl¢ COmPBny ll) Accord¢¢ wilh th¢ ¢thic&l rc4uirem¢nts
that ore TelevaDI ¢0 oiir audTt of th= sb¢¢rn¢nts ID th¢ b'K, Incl118 th¢ FRC'5 Ethic8] Stsrtdard, 8nd the pmvisions
avail&bl¢ fnrSmJ Cnilil, in th¢ circum513ntts 5¢¢ our in 110tr 15 10 thc f5nan¢ifji Mtrmcmts, and we h9vc fijlfllled ourothcr
etlu1 r¢spoThsffibllitie$ in •tcordthtt with these r4LurwttuL& W
CAMBRIDGE STEINER SCHOOL PROJEcr
PAGB 5
FINANCIAL STATENtENTS FOR THE YEAR ENDED 31-AUfjUSf 2025
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEFS OFCAMBRtDGEsfEtNER SCHOOL PROJECT
MAftERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPtION
In the lighi of the kllowlè4ge 8Dd bDdus(sn4Jing of th¢ chgT¥thl¢ wmpAtsy and SLS OVitotimetobtsiDrA in the coursc of the
audiL we have notid¢llDfjed mJterio] En]SsthteThits ill th Tn&¢¥' Amu5aJ RtyDEt
We have nothiDg to r¢FOrt in TPeLof th¢ folloiYtn¥ tDHtter5 whctc IheCoJllwiesAct 2(4)6 or awities Act 2Qll rrquircs
us to reporttoyou if. th ouropitii(m'.
¢kngrttybl¢ company not ktptthkqll•¢ p4wJtwll8 trdS orreDJms Je4uatr forour audith&ve llot btej
rtIVed from branthts ttOL Vjsttcd by .. o..
the finllllciai SEat¢mcnts are not iii sgrctlll¢DE vrith the arth1&Y¥0td r#ums'. or
c¢rtain di%losur¢3 of rvDuD¢raDOD 5wifi¢d by law arc noi or
we hayc received OJI the iDformioD aud ¢xyl2BaliLwBwe rtquwc for ourwdiL
RESPONSIBILITIES OFTRusfEES
As explained mor¢ ÉILlly in the Trustets, rcsporÈsibilili¢S 51Jtcm¥it in the Trnstee8' Annual ReporL th¢Tn]str£s (who are d30
thc dirKlors tsf the chtiNt&ble company for the purposes of tompw lrtwl ate reswsiblc for the prepBraiott of the flnèndal
stht¢m¢nTS Èlld for bting s8tisfLed thai ihey ve aDNe stsd fair view. and Cor Such rDe1 controlgs th¢ Trnst¢e8 dtornlne is
n¢res$8ry to enabl¢ the pr¢paf8uon of fiwcia] statcments thAt ar¢ frcc from JIla] rnisstatetheni, whether due kn fraud or
crror.
In pr¢pArinB the finoncigj 5taiemcn4 the Tnthees 4we r&%ponsJTrle IOT as8usÈn8 th¢ ¢hadthble company's ability kn continue
B$ 8 8oln8concern, disclosin& tS8pplicablc. matttws related th goDb8tODCern andu5iDgth¢soin8¢onc¢rn basi$ of 8ccountin8
unless the TTyAees cither inttnd to liqwdatc the ¢h8ritsbk cwpsTry or ce45¢ OP¢T41ivn4 or h8ve w r1(1¢ altrMlVC but
10 do so.
Tbe TrJsiee5 havc clectcd forthc tlnunci•l 5tthrneDL$ bc audited In &c¢rfdatt¢¢ with the Ch2Tlticy Aet 2011 T8thcr than th¢
C.ompanie$ Ath 2006 Accordsty. w¢ have bttn apwllLtrd aswiditor wthsecilon 144 ofthe Ch8rities Aci2011 arl rcport
In &Crdance with reBulauon3 rnlldc SlI0n 154 of that ACL
AUDII'OR'S RF.SPON51BILII'IES FOR THF. AIJDIT OF THF. FtNANCIAL gfATEMf..NTS
OIIT Ohjealy arc lo obthin rcayonable Urllet ab whether th¢ finan¢i•l statrmuLts 2$ a whol¢ are fmm mu41
mlsqt8i¢meni, whcthcr duc to rtaud OT crror, and issue a Kcport of thc Auditors includes our opinion. Reesonable
0&wre is ohish lev¢1 of &ssuyHtt¢¢. but 15 rKt b8uarnntr¢ anaudii conducL•J in accordance with lSAs'lUKI w111 always
¢t¢¢t u mNEeri&i mlssT&temelli when li exlsts. MisswunenES C4rt aTls¢ ttoTh or vror LwJtsldti ItIaL11 Ir.
indivldually or ID the ag8rcga(¢, thcy could TCQ8onbly te expe th infiuu)c¢ th¢ on0]n]¢ 41510$ of u5 tak on the
b&yls of the8e financid statemen¢&
The cxttni to whlch our procedures are ¢4pabk ofdetecting IrregultIcs, in¢ludiog Isddailed below..
lttBulariiiei in¢lwJin8 frnud. arc instaDces of non-U)mpli&n¢e laws and re8vl•tiOn5 Thc pyimwy r
CAMBRIDGE STEINBR SCHOOL PROJEcr PAQE 6 FJNANCJAL STATEhWTS FOR THE YEAR ENDED 315T AUGUST 2025 ]ND8PENDEYf AUDITOR'S REPORTTO THC. TRUSTEES OF CAMBIUDGB STEtNER SCHOOL PROJECT Ther¢ are iTrher¢nt liJllitsti¢)ns in th¢ audit PTt¢edures abov4 noi Itast a5 satr.plin8 1$ uscd uThler Int¢rtJa(iotwl Auditin8 Strd4 thereforE Dot trBll58rri0Ds 8r¢ r¢view¢d. Therefott th¢Te is a risk we svill tt deixt a]1 uwulBn¢tgs includiDg tb05E leadijjg ¢D amaEeriai mi&Ttrtcme]rt iDth¢ flljOn¢i s1atyn¢JJtsornon-tnpIlCe with T¢gulauon5 Therisk of not dctcctillg & malUi misststcmefti duE kn fraud also hi8hcr th&n the risk of Dot dde£ting one frojn crn)r. a5 ftxud Jn&y involve delibcrate concethttt by. forcxampl4 foT8Uy coIIusio4 ¢JTD110ll OT intentional miy¢prc5CDtaiOJL A fjjrtber description of our resp)nsibilities for the attdst of the fJn3llciai sweTnellts is on th¢ Financid RcpDrting Ctsuntil's wtb8iieai lv.fre.org.uk1tudl0ll$ib1jiIl¢S Thisdwiptson fonns part of our wditQT'S reporL USE OF OUR REPORT Thi5 rq 1$ made yolcly to thc charity'5 Truste4 a5 4 brKiy. in Chapter 3 of Part 16 ofthe QJmpBoies ACE 2006. Our fjLJdii work becn undcrtDkcn 50 thHL wc miEht srnte ro th¢ ¢harity5 Tn)stres rbosc mattcTS we Bre required to SE&teto the]n Bnauditor's rwrt Bnd fornoothupw. TotheI]eSt¢n(pVmIttcd by law, we dOr1CCept or assum¢ rtsponsibility anyone other thAD Ibe ¢barity th¢ Chlty$ Tnwees a bc4Jy, IOT OUT wdiiworK for this repo¢ or for the oplnions w¢ have formed. NIGEI. PRENTIS FCA IScDfoT Statutory Audit) 'OR AND ON BEHALF OF PRF.NI'IS & CO I.I,P LHAkl'fr.FiTr.D ACCOUNTANTS & S'I'A-I'UTOR Y AUDITORS 115¢ MiltOD BJ)ttd C8mbrid8e Ixb Pmtis & Co LLP is ¢li811)l¢ ¢0 ari as an 8udiu)r in o[sl0n 1212 of thc Compoukn Ath 2006.
CAMBRIDGE grEINER SCHOOL PROJECT PAGE 7 FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 STATEMFNT OF FINANCIAL ArrtvmES Restricted Utwe5trictsd Clti1 Funds Funds Toral Fund8 2Q25 INCOME. CURRRNT YEAR J)onation% and voluntary income Other trading aGtivi(ies IDvesmienL inconle CIMTitable aLXivitios Covernment 8fdnts Total inctsme 42,967 24,250 850 945,786 50,383 42,967 24,250 850 945,786 50,383 1,064,236 I,Q64236 EXPENDITURE ChNritablc activities 1,025.9CIJ 1,025,909 1,025,909 1,025,909 Tota] expenditw¢ NF.T MOVEMLNT IN FUNDS 38,327 38.327 RBCONCILIAfioN OF FUNDS Tot81 fut brought forward Tot81 caTried forward 411,531 361,518 773,049 449,858 361,518 811.376 Restricted Unr¢strided Capital Fundq Fwid5 'rotal FuDds 2(b24 Notes tNCOMg. pHiori YEAR Donations und voluntary income Other trndillg activitles Investment inrorne ChBritable aciLVitiES GoverJ)ment 15 lotsl iThcoroe 21,517 16,381 665 870.694 12,3Q7 21.517 16,381 665 870,694 12.307 921,564 921,564 EXPENDJTURE Charitable octivilie8 915,348 9lS,346 915,348 915,348 Total exp¢ndilure NFf MOVEMENT IN FtfNDS 6.216 6.216 RECONCILIATION OF FUNDS I'otal funds broughi forward Total funds carried forward 405,315 361.518 766,533 411,531 361.518 773,049 All income and exp¢lldttrJTe d¢riv¢ from ¢ontinuing acttvitie5. The notes on p&8es 10 to 14 fom) ofth¢ thaucia] ststern.
CAMBEilfXILI STEtNllk Sl()L PROJECt(28669851
lILsNcIAL gTATE£MErs l?OR THE YFAR ENDFD 31,SY AuGusf 2025
N(
25.
2024
FJXIIF)Assbrs
I'Rr4ihlè
io
l.OJ6.944
1,024.392
CUIIJ
CAMBRIDGE SIEINER SCHOOL PROJECT PAGB 9 FINANCJAL STATEMENTS FOR THE YEARENDED 31ST AUGU 2025 STATEMENT OF CASH FLOW 2025 Tothl 2024 Totsl CAib flo from operathig #etlvltlES: Net $b provided by operating activities 16 14,934 65,668 Cash flows from investlDg ¥ettvffitles: Interest Fix¢d ps3d 4dditlong 850 (453) 665 Ntt cthsh provided by inThing adiviti 397 665 Cash Ilows from IIH•n¢lng a¢dvltles". Xepayments of bom>wing Net ¢4sh used in fJnwD¢ing artivits& (24,611) (27.259) 127259) (24,611) Change in cash and cash ¢quival¢Dts In the ye Cth and cash equivalents brought forward Casb and cash equiva]•Dts caryi¢d foTward 111,928) 41.722 261,720 219.998 249,792 261.72Q
CA.IqBRIDGE STEINER SCHCM)L PROJEcr PAGE 10 FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTNG POLICIES lal BASIS OF PREPARATION OF FINANCIAL STATEMENTS AND GOING CONCERN The financial statemeots have been prepared the historical cost convention 1m5 recogDised 8t Gost or transartion va]ue unless otherwise stated itl the relevant noks to these financial sÉ&trtnents. The finaDciai statemen15 have b¢eTL prq)ared in aCCOTdance with Accoullg R¢porti& by Ch95ities'. Staiem¢nt of R0MMended Practice appli¢abl¢ to Charities preparing their a¢¢ounts in acrdance the FiDan¢ial Reporting Swidard appliuble in the and Republi¢ of ITelaDd (b14S ILI2) (eff¢¢tiv¢ 1st Jantwy 2019)- (ThpJities SORP (FRS 102)), the Financial RqM)rlin8 Stsndard 4ppli¢able in the UK alld RepuhliL of Ir¢knd IFRS 102) und the Comtffji¢s Act2006. The charityconstitutes a public beDefit ¢Dtity defitKdby FRS 102. Ib) COmE All iTKQme is includ£d in the Sta*mpnt of Fitwicial Activiiies when th¢ ¢barity is leIlY entitled io th¢ n)on¢y and the lOunts can be quatltified with reLsonable wccuracy. Th¢ following spocifjc polltles Are ?pplied to panicubr ¢at¢gori¢s of iThcome'. Donations and volwitary income DoDaiions and voluntary income aTe recwi4ed when there Is entitlement. The incom¢ from fi5ndrai51ng ventures is shown 8TO&S. th¢ 0¢lated costs includvj in fiJDdraising eosts. Investment inGome is reco8nisgd on B rtteSvable b&qis. Chariiable activities incom¢ is income recei for the provision of ¢ducarion. Scbool fees arn ststed ofter sny discounLi &nd of VA T. Any school ftes received ui ttdydnee deferred and reco1$ed as income in th¢ aw)unts which cover the Televant SLhool tertD. Govtrt¥D¢ty¢ sY•Dts •Y• ThcoBThieo4 8$ the conditions Ire Diet. {cl EXPFNDITURE Expenditure is included in the Statsment OfFine]l Activitie5 on an accruals b&5iS, Thet of any VAT which w be wover¢d. Charitsble Activities iJJclude all COSLS of running th¢ h0O]. (d) TANGIBLE FIXED ASSETS AND DEPRECIATION Tgible fixa Sets srated at ¢0511¢s5 deprKi81ion. Ikp[latioll provided on all wigible fixed s8 ai'.- FixtUTes pnd fj¢tiD Energy Saving equipment Motor vehicles Office e4uipmetrt Long leas¢b()IIA - 15% Teducing ba1ce b&sis - 20% straighi litie basis - 33Vo 51Tai8ht litte basis - 25°h strai1 line b&4is - over 150 y¢aYy SWaigbl lin¢ bysis 1¢) FUND ACCOUNTING Unr¢stricted funds are g¢n¢ral fimds that 8Jr available for use at the trLL%tee5 di8cretiott in fuJthernnL¢ of the objectives of the cbartty. Dc5igllatcd arE uDf¢stricted futlth sct 18ide at the dictIon of the trustees for specifEc purpose5. ¢$th¢ted fvnds are those donatrd for use in a particular rn or for SPEcifi¢ puryoses, the use of whicb is ]rtEd to ¢bat m or pwpose by thE dot. {fj COMPANY STATUS Th6 ¢baiity is a ¢ompmy litniied by gurntee. membm¥ of the eotnpany are the Jjama on tb¢ front page. the evellt of the charity beiDg up. the iiabilty in respect of the guarantee is lin]ittd lo £1 per member of the Charity.
CAMBtiLDGE STEENEK SCHOOL PROJECT PAGBII FtNANCtAL STATEMENTS FOR THE YEAR ENDFD 31ST AUGUST 2025 NOTES TO THE FNANCJAL STATEMwrs (g) PRESENTATION CURRENCY The pres¢niation ¢urr¢ncy of the fiNn¢i81 is yJutMf sterliti8 (£1. (b) CREDITORS Crcditors and provisions aTe re£ognised w1C the charity has a preyent obligation resulting from a past evelli thatwill probably result ]]] thc transfer of fiJniL8 to a third paty alld the aDouDt due io settle the obligation can be messured or estimated reliably. Creditors and provisions are notToally recognised t their settlement 8mouDt after allowing for ally trade diseouttts due. {1) DEBTORS Trade other debtOTS are recow)ised at their settlement amount thb¢ after any discouots 4lld provisi00s for bad debt5. Prepft are Yahd at the 4tDount prepaid of aDy trade disc4)unt due. Q) OPEIIATtNG LEASES ReThtsl8 applic4bl¢ to operating leases where sub$tsoti&lly all tbe bethefits 8JJd notes of ownerthip remain with the lessor are charged iDcomt a5 illCUTred. (k) PF.NSION The charity collmknut¢s to & defmEd cOnthbUti prtLsion %heme Dlong with th¢ cThployrts. The ass¢>ts ofthe selLem¢ are held 5epardtely from th03¢ of the ¢h8rity in an independently 4dmini8t¢red s¢h¢me. The contributions payLble fortb¢ yearar¢ charged 88ainst itKome as in¢WTed. Unx¢strictedlJnrestrict¢d Totsl 1-0ts1 2025 202 DONATIONS AND VOLLfNTARY fNLOME Other donations aDd Bifts 42,967 21,517 INCOME. FROM OI'HER TRADNG ArnvinFS 'rotsl 2025 Total 2024 Feed ill tBriff Pool ¢le¢tricity inwjme 4,691 19,559 3.914 12.467 24,250 16.381 VTr.S'1'MkTh'f COmE IDV¢Stm¢nt li)m¢ of £850 (2024.. £665) 4ris¢s from money held trn #n ttitsrert bearing de11 2ccoullL rNCOMB FROM CHARITABLE AcnvrriFS Uw¢stri¢ted UnT¢ytrided Total Total 2025 2024 Edut#tli)Lal ProvtsSoo F¢¢s and contracts L1 Authority Ety Y¢ars 8.504 55,282 821,975 48.719 945.786 870.694 COME FROM GRANTS U¢strictednrtStric1ed Total TotAI 2025 2024 GO¥etnMentWJts SF.N plac¢ents Other 40,183 10.200 12,307 50,383
CAMBRIDGE sfEINER SCHOOL PROJEcr PAGE 12 FINANCEAL STATEMErirs FOR THE YEAR ENDED 31ST AUGUST2025 NOTES TO THE FINANCIAL sTATENTs EXPENDtruRE ON CHARITABLE AcfiviTIES UDr¢strictedUllrestrithd Tots Total 2025 2024 Pupil costs Staff costs- note 7 Pr¢mise5 costs Admin costs Finantt Gosts Governance 50,797 729,030 175,856 45.813 17.528 6,885 15,193 676,759 128.614 61.685 28,977 4,120 1,025,909 915,348 ANALYSIS OF STAFF COSTS Unrestric¢edUDr¢strict¢d Tothl 2Q24 2025 Gross wage5 Employer's Nalional Insuronce Employevs Pension costs Other stsff costs 607,218 48,582 13,094 60,136 558,192 41.482 12.204 64,881 Total sthff costs 729,030 676,759 AVERAGF. NUMBER OF EMPLOYEES Thc avera8¢ number of employees during th¢ yw &8 follow5". Direci Charitabl¢ work Administy8¢ive 2025 2024 26 .10 No employees received remlmeration of ttKJre than £OO.000. The Trugt considers its key maDag¢mcnt P¢Jsom¢l bj be thc TTU5tce5. No remutrrniion was paid to the TnLSt¢¢s ith the at, oi th¢ prcviou5 year. No eKFuses were reirnbutsed to the Trwtecs in thi5 year or the pr¢viou5 year. NET INCOME FOR THB YEAR 2025 2Q24 This 15 5tatcd aftcr chsrging.. D¢pr¢¢iation of tangibl¢ red owned bythe chlty Lo8ll interest payable Independ¢ni Auditors fe¢ 7.901 9,052 6,885 7.897 8.423 4,120 io. FIXED ASSETS Lt&%etrKJld CURRENT YEAR 14Trd aDd Fixtturs Office Buildt Fittit)gs FAJUiPtnent Motor VehiGI¢s Totsl COSTIVALUATION At 1st Scptcmbcr 2024 Additioos .143,327 124.557 2.964 453 3,382 1,274.23Q 453 At 3 1st AUgt 2025 DEPRECIATION At Isi September 2024 CbaTge for th¢ yesr At 3 1st August 2025 ,143.327 124,557 3.417 3,382 1,274.683 120,490 7,622 I23.02 233 3.382 249.838 7,901 46 128,112 123,235 3,010 3,382 257,7J9 Ngf BOOK VALUE At 3 1st August 2U25 .015215 lJ22 407 1,016,944
CAMBRIDGE STEINER SCHOOL PRoJEcr PAGE 13 FINANCL4L STATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2025 NOTES TO THE FINANCIAL STAfEMEYrs io. FIXED ASSETS- Conitntted PRIOR YEAR Loog Ltasebold LaDd and Fixttwes aDd Office Motor Buildi Fitttng5 Equtpm¢ttt Vehicle5 Totsj COSTIVALUATIO At 1st S¢piember 2023 £Dd at 3 1st August 2024 DEPRECIATION At 1st Septetnber 2023 Cbar8e for the year At 31st Au8USt 2024 NET BOCIK VALUE At 3IstAU8u 2024 1,143 J27 124,557 3,382 1,274.230 112,868 7.622 122.727 275 3.382 241,941 7,897 3,382 249,838 120.490 123,002 1.022,837 ,555 1,024.392 Db.HTORS 2025 2024 Trade d¢b Other debtors Prepayrnents 2,737 5,229 ¥6,413 2,381 2.532 18,039 22,952 94,379 12. CREDITORS 2025 Due within Due 4fteT oue y¢or on¢y 2024 Due withtn Due &ft¢r one ye on¢ year Trade credilurs Loan MortgaKes Puyments in Advance 4Trd Deposits ALcruAls ¥nd deferred inromc VAT 113,852 10.093 17.937 58.800 120,145 10,426 50,390 9.938 17,321 s7,5) 154,350 10.093 236.423 218.486 331,253 218,486 289,499 246,516 "rbe mortgage Wance of £236,423 {2024." £253.744) is seared by a legal charge dated 21112107 on the propcrty at Hinton Rorf FU]bDW Cambridge. 2025 2024 Ag£r¢gat¢ of in5ta]mettts which fall due for payment after five years: 146,736 167,139 ANALYSIS OF MOVEMEWS IN UNRESTrJCTED FUNDS CDIIREhry YEAR Closing Balat]c Bala[ kncom¢ Exp¢ndiDJre Genera] Fulld 411,531 1.064,236 11,025,909) 449,858 ANAI.Ysis or MOVEMENFS IN UNRESTIUCIED FUNDS PRIOR YEAR Opening Balanc Clo3in8 Balan¢¢ Income Exp¢ndiiure General Fwid 405,315 921,564 (915.3481 411,531
CAMBRJDGE STEINER SCH(K)L PROJEcr PAGE 14 FfNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST2025 NOTES TO INE FTNANCIAL STATEMENTS 14. ANALYSIS OF MOVEMENYS tN PEThICTED FUNDS ProFO Fund This represents mollies specifically doDd for th¢ acquisition of the Freehold site for the Bchool. There have E¢eJ) no movements in this fiEtLd ill the curtentyear orthe priorye4r. Balance at 3 1st August 2025 £361.518. 15. MANAGF.MENT THREAT N RETATJON TO N.ON-AUDIT SER VICES In comrnon with charities of our si7£ and namre we w our auditor5 to PTepfjr¢ and submit to the tax authorities and assist with the preparntioD of the fj0gDci8] ststetnents. lthe Trust¢&5 and auditors both CoMforbIt that these additkonal servitts are noTJ-m8teriel anddo Dot pre8ent a threat to the itkdependence of thc wdi( proce55. 16. RECONCILJATION OF NEf MOVEMENT N FUNDS TONEf CASH FLOW FROM OPEILITJNG ACTIVITI 2025 2024 Net rnoveTn¢nt in funds Add back depreciatioj) ch8r8e Deduct interest (]ncr¢a3¢yDecT¢R5e in debtors Increase in ¢redito]3 38.327 7.901 1850) 171.4271 41J.983 6,216 7,897 (6631 14,9311 37.282 Net cath provided by rnt)n8 activities 14,934 17. ANAL.YSIS OF CHANGES fN NET DEBT Op¢ning baign¢e C4¥h flow9 Clostng Cash IA)ans lin¥ due withitt one year ans f4llui8 du¢ afteT mor¢ than one y Total 261,720 (27.2591 (246,5161 {12.055) (11,92¥} 249.792 (771) 128,0301 28,030 (218.4861 1.5J31 3,276 An oveTdraft fH¢ility of £15,(K)O bas be x¢vJ¢d by limited 8UaT8ne by 2 ¢x Trw4teu.