Cumnor Old School Charity 2022/23 .
The Old School’s finances remain very healthy at the financial year end (31/03/23), with our Business Account/Sinking Fund (to cover unexpected bills, repair costs etc) standing at £40,581.86 , which includes interest.
I have for the first time included our Fixed and Current Assets Sheet, as our Buildings Valuation was increased from June 2022 to £1,750,000 (previously £1,500,000)
The usual spreadsheet, detailing the Accounts for the last twelve months confirms that our current account stands at £22,051.16. For ease of reference, I have also produced a one page summary of the Old School Accounts where you will notice significant changes to Utilities £4.5k (Last year £2.2k), which have been due to the large increases in both gas and electricity in the second half of the year, and were the primary reason we increased the costs of Letts from September 2022.
The cost of Repairs/Maintenance £9.3k (Last year £2.4k) is entirely due to the extensive decoration in August 2022 (£7.2k).
Fees/Deposit return £3.5K (Last year £600) relate to the double payment of our insurance, £1.8K was refunded and is shown against Income.
Sundries have increased as the new Cleaner (from August 2022) does not provide her own cleaning materials. These are now purchased separately by the Bookings Clerk, and we have purchased a new hoover for her use. On the positive, the new cleaner costs £300 per month (previous £400).
Should you have any queries please do not hesitate to contact me prior to our Meeting on the 8 June 2023.
Bill Topping
Honorary Treasurer
2 May 2023.
Mob 07973 853647
CUMNOR OLD SCHOOL CHARITY
31st March 2023
FIXED ASSETS
Old School Buildings £1,750,000 Furniture and Equipment 10,000 ___ Total £1,760,000
CURRENT ASSETS
Balance at Bank : Current Account £ 22051.16 Business Saver Acc. £ 40581 .86 ___ Total current assets £ 62633.02 Current liabilities Nil Net current assets £ 62633.02
Net assets £ 1,822,633.02
1. Accounting policies
These accounts have been prepared under the historic cost convention and in accordance with applicable accounting standards and the statement of recommended Practice on Accounting by Charities.
2. Fixed assets
The buildings of the Old School and Old School House are included at their insured value (updated June 2022). Equipment is at cost.
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The Trustees are currently running a surplus on the Business Saver Account, in order to accumulate reserves against the need to repair and redecorate the premises in the future.
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Management and Administration. All these tasks are performed on a voluntary basis by the Honorary Officers of the charity.
Bill Topping Honorary Treasurer Cumnor Old School Charity 3[rd] May 2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CUMNOR OLD SCHOOL CHARITY I report on the accixmts of the Trust for the year ended 31 March 2023 which a set oui on the attached pages. Rcspectivc respoDsibilititt of trustees and eilminer As the charity's trustee5 Y{ are responsible for the preparation of the aCCnts you consider that the audit requtrement of secti(yn 43(2) of ihe Charities Act 1993 lthe Aa) does noi apply. It is my responsibility to 5tste, on the basi5 of prdureS specified in the General Directions given by the Charity Commissioners under seaion 43 (7Xb) of the A¢ whether particular matter5 have come to my attention. Basis of indeptndenl exxmiatr'j report My examination was carried oul in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accountin¥ record5 kept by the charity and 4 comparison of the acc(ntS presentrd with those records. li also includes consideration of any unusual item5 or disclosures in the accojnts. and seeklng explanations from you as trustees concerning any such matters. The pro¢edures undertaken do not provide 811 the evidence that w(id be required in an audi( and conwuently I do not express an audit opinion on the view given by the accwnts. Independent eIiminer's statemenl In connection with rny examinatiw no matter hts come to my attention.. (i) which gives me reasonable cause to believe that in any material reSPt the requirements a) to keep ac¢(Kmting records in a¢c(thce with sethion 41 of the ACL and b) lo prepare a¢c(xmts which accord with the accounting record5 and io comply with the ac¢ounting requircmenls of the Act have not bcen met. io which, in my opinion. attention shwld be drawn in order io enable a proper understanding of ihe ac¢(wits to be reached. Robin Wimborne & Co 26 Applet<m Road C.umnor Oxford OX2 9QH 25th May 2023