Company Number: 03898262
Registered In England and Wales
Charity Number: 1081875
Notre Dame School Cobham
Annual Report and Financial Statements
for the year ended
31 August 2020

Notre Dame School Cobham
Annual Report and Financial Statements
for the year ended 31 August 2020
Contents
Page
Referen￿ and administrative infonnation
Annual Report of the Govemots
Strategic Report
Directors. Report
state￿￿nt of Govemors. Responsibilities
17
Independent Auditorfs Report
19
Statement of Financial Activities
22
Balan￿ Sheet
23
ststement of Cash Flows
24
Notes to the Financial Stat￿￿nts
25

Notre Dame School Cobham
Reference and administrative infonnation
for the year ended 31 August 2020
Reference and administrative information
Notre Dame School Cobham (Yhe school J is constituted as a company limited by
guarantee registered in England. and is registered as a charty with the Charity
Commission. Its company registration number is 03898262 and its charity number is
1081875.
Governors, directors and charity trustees
The Govemors of Notre Dame School Cobham (￿he school) are the school's charity
trustees under charity law and the directors of Ihe charitable company. The members of
the Governing Body who served in office as Governors during the year and subsequently
are as follows:
Mr Gerald Russell. FCA (Chairman)
Sr Maria Nieves Escalada. ODN
Mrs Helen Evans (resigned October 2019)
Mr Simon Frost
Mr David Gair
Sr Anne Gill. ODN
Sr Patricia Grady, ODN (appointed November 2019)
Mr Russell Granat ACA (elected September 2020)
Mrs Wanda Nash BA MEd (Cantsb)
Mr Gerard Owens (elected October 2019)
Sr Maria Quinn, ODN (resigned September 2019)
Sr Kathy Schneider
Fr Mervyn Williams. SDB, BSC. BD, MA (resigned June 2020)
Offjcers
The following key senior members of staff (key management personnel) are responsible for
the day-to4ay management of the charity:
Heads of School
Mrs A King MA {Cantab) M.Ed PGCE FRGS
Head of Senior School
Mrs Amelie Morgan MA BA (Hons) PGCE
Head of Preparatory School
Clerk to the Govemots and Company Secretary
Ms L Ayling Bsc (Hons) MA {Oxon} PGCE FCA
Bursar
Page 1

Notre Dame School Cobham
Reference and administrative Infonnation
for the year ended 31 August 2020
Principal address and rngistsred offic•
Notre Dame School. Burwood House. Bumood Park. Cobham. Surrey, KT111 HA
Auditors
Crowe U.K. LLP. 55 Ludgate Hill. London, EC4M 7JW
Bankers
Barclays Bank PLC. 8-12 Church Street. Walton on Thames KT12 2YW
Solicitor¥
Veale Wasborough Vvzards, Narrow Quay House, Narrow Quay, Bristol BS14QA
Website
wWw.n￿tedame.ts0.Uk
Page 2

Notre Dame School Cobham
Annual Report of the Governors
for the year ended 31 August 2020
The Govemors present their report and the financial statements of Notre Dame School
Cobham for the year ended 31 August 2020 under the Charities Act 2011, induding the
Directors. and Strategic Reports under the Companies Act 2006 together with the audited
financial statements for the year.
STRATEGIC REPORT
Review of achievements and perfonnance
This year. the school has continued to grow and we remain committed to a broad intake as
we believe this makes for a better leaming environment for students of all abilities. Focus
has been on the continued achievement of the highest stsndards of academic perfornian￿.
and enhancing provision for student wellbeing.
In the Autumn te￿n, we ran our usual programme of activities ft)r academic enrichment,
sports, drama, music. art and well-being. We held the Prep harvest mass, the Senior music
scholars, con￿rt, pastoral briefing evenings for parents, the Senior School rag week, A-
Level music recitals, the FOND Christmas Fayre, Feast Day mass, the infant nativity,
Christmas jingle, nursery nativity, Prep carol servi￿, staff panto and senior caro5 service
and all the S￿nS pointed to another very successful year.
In the Spring temi, both the Prep School and Senior Sthool underwent ISI Regulatory
Compliance inspections, vthich assessed their Complian￿ with Independent School
Standards Regulations (ISSRS). Both schools were found to meet the required standards.
Meanwhile, school lrfe continued apa￿. with a packed (Xlendar of academic field trips.
drama productions. sporting events and pastoral evenings taking place up to early March.
when COVID 19 became the main topic of conversation.
The COVID 19 pandemic has presented challenges that have inspired us to be even more
innovative in the way we deliver our academic learning and pastoral care. We have been
fortunate to be able to ernbra￿ technology and deliver a robust online curriculum during
lockdown with 'Sive' lessons for all our students from Reception to year 13. Notre Dame has
also been committed to maintaining and supporling our communty during the COVID-19
Pandemic and has provided individual, tailored financial support as well as supeNision for
vulnerable pupils and the children of key workers during this challenging time.
Whilst the COVID 19 pandemic meant that the school facilities were not open to all pupils
the tsachers V￿re able to continue to provide a full and robust curriculum for all students.
The younger Prep School students had a mix of'lwe. maths arKI English lessons. online
leaming activib'es and project work that could be undertaken in their own time.
Senior School students continued with their existing timetables with teachers either
tsaching lessons 'live' via Microsoft Teams or setting work for students to complete
independently. Teachers were always available to help and support during their specific
Page 3

Notre Dame School Cobham
Annual Report of the Governors
for the year ended 31 August 2020
lesson time. Music, Art & Textiles. Fo(MJ & Nutrition. PSHE and even Sports ￿SSonS were
able to continue online.
In the Prep School. the timetable was restructured to ensure that every gid from Re￿ption
to Year 6 th￿UkI receive live maths and English dasses every day, supplemented with an
extensive range of live lessons and project work spanning the whole breadth of the
curriculum. In addition. the girls took part in live weekly assemblies. collective worship and
hymn practices.
Although we closed our nursery. we maintained contsct with our nursery students with
online story telling sessions and believe that this helped them when the time came for them
to retum to school.
Additional attention was paid to the wellbeing of all the pupils and staff, with regular fomi
time and check-ins to ensure everyone was coping with on-line leaming and with the
isolation of home-leaming, and more staff were trained in Mentsl Health First Aid to help
pupils transition back to school.
The school was open to pupils of Key workers throughout the lod( down period and also
VRS deluhted to welcome all our Prep School girls back into school during the summer
term when national restrictions were eased.
We have continued to expand our facilities wth the opening of our new 'Forest School, _
set within a secluded woodland area. Our Infant and Nursery children have weekly Forest
Sthool lessons. building Confiden￿ and resilience whilst leaming in the natural world.
Older students can also enjoy Forest School Club and Year 10 visited the Forest School for
the annual Refiection Day.
Examinatlon8 and Curriculum
At Notre Dame we continue to provide a range of dynamic and innovative strategies vthich
together assure the delivery of a h￿hty personalised education for each irKlividual student.
All stsff are encouraged and supported in continually striving to improve and enrich the
academic experien￿.
This year, due to COVID 19. ￿ntre assessed grades were used to calculate both GCSE
and A-Level examination grades. At GCSE, 1 in 8 girls y￿re awarded at least eight 819
grades (old A" equivalent), and 1 in three girls were awarded at least eight 7-9 grades (old
A"IA equIva￿nt). 100 % of our girls achieved grades 4-9 {old A'IC equivalent). At A-Level,
590k of the grades awarded were either A" to A. and 90% of the grades awarded y￿re A. to
B. Notre Dame students have been rewarded for their diligence arKI hard work throughout
the year and athieved the results they hoped for. The Sixth Fom girls all got pla￿S at the
Universities and on courses that they aspired to.
This year, more than any other, has highlighted the beneffts of Notre Dame's ex￿lIent
academic teaching, our positive attitude to leaming and our ethos of hard work. These.
alongside individual mentoring for each GCSE arKI A Level student. ensured our girls
achteved a well-deserved set of results.
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Notre Dame School Cobham
Annual Report of the Governors
for the year ended 31 August 2020
Creativty is embedded in the teaching of all subjects and art, music. drama and sport offer
scope for personal expression. exploration, inspiration and growth. Thts has also been even
more important this year and in these challenging times.
Notre Dame provides an all-round education with both extra and co-curricular activities
designed to build resilien￿, leadership skills, teamwork and experien￿5 that will enhance
the girls. future lives. There are a huge range of opportunrties across the school which
nonnally include day trips. residential trips and expeditions. master-classes and lectures,
visiting experts and authors and from Year 10 the opportunity to lake part in the Duke of
Edinburgh Scheme.
Sadly, many of our wonderful residents'al and day trips had to be cancelled this year due to
COVID 19. Notre Dame is however very fortunate to have wonderful and exiensive grounds
and outdoor facililies where we have been able to teach and inspire our students outside in
the fresh air.
Girls from Year 10 to Year 13 have been challenged and inspired by the Duke of
Edinburgh's award scheme at bronze and silver levels and three girls achieved their Gold
Awards.
Financial review
Financial results of activities and •v•nts
The financial results of the charity's activities for the year ended 31 August 2020 are set out
in the Statement of Financial Activities on page 22, and the Statement of Cash Flows on
page 24.
This year the school made an operating surplus of £359,000 (2019: 325.000) and had an
infiow of cash from operating activities of £949.000 (2019.. £811.000). The loss of incorne
that resulted from the complete school closure in between March 2020 and May 2020 was
offset by the support received from the government's Job Retention Scheme and the
deferral of all non*ssents'al expendrture during a period of very high uncertainty. The full
adverse impact of the pandemic on the school's finan￿$ is not yet known and V￿ expect
the results for 2020121 to be affected more than the results for the current year. The
Governors have set asKle £500,000 to cover this. Further detsils are given below in the
reserves policy and going con￿rn sections below.
Although the school was able to teach remotely throughout the summer tem. the school
cognised, in line with many other schools. that there was a steep leaming curve for both
staff and sludents during the inbtial switch to remote leaming. In light of this, the school
offered a discount on its Summer Term fees. The total value of the discounts offered was
£476,000. As well as this discount. the school took a number of emergency measures to
support parents in Ihe short temi. including making more means-tested support available to
families whose cirCumstan￿S had changed significanty, and supporting parents with short-
Page 5

Notre Dame School Cobham
Annual Report of the Governors
for the year ended 31 August 2020
term cash fft)w issues, and deferred its annual fee increase from Autumn 2020 to Spring
2021.
To offset some of the loss of fee incorne, the school fvrloughed around 35 employees
(mainly support staffj between the school closure in March 2020 and the end of the
financial year, as part of the govemment's Job Retention Scheme. The resulting income of
£194,000 helped to provide s(xne stsbilty in a lime of Unpre￿dented uncertainty.
In addition. the school deferred all non-essential expenditure while the longer term impact
of the pandemic were assessed.
Reserves Policy
The school's total reser1￿ at the yearend (note 15) were £11.149,000 (2019..
£10,790,000). Included vrfthin these reserves were £47,000 of unspent reslricted income
(2019: £27.000) and £10,602.000 of deS￿nated funds (2019: £10.013,000).
As a company limited by guarantee. the school cannot distribute surpluses and reinvests
any surpluses made to benefft current and future beneficiaries.
The current students benefft from the investment made into the estate as a result of past
surpluses, and £8.161,000 (2019.. £8.284,000) of the school's reserves have already been
reinvested to provKle all the land. buildings. fixtures. fittings, equipment and vehicles in use
today.
The school is situated on a private road. and is partly responsible for the upkeep of the
lane. £155.000 (2019: £135,000) has been set aside the funds required to restore the lane
given its current condition. Burhill Group Limited, an independent company. are
responsible for commissioning repair works.
The impact of the pandemic is not restricted to the year ended 31 August 2020. In addition
to undertaking works defeThed from 2019r20. the school will incur additional costs in
2020121 as a result of the changes needed to operate in a COVID-19 secure manner, the
costs of covering for staff vtho need to self-isolate. the addib'onal demand for means-tested
support and the costs associated with the school closure that has been in Pla￿ sin
January 2021. The COVID fund of £500,000 (2019: £nil) refiects the anticipated future
impact of the pandemic.
As the fees are paid in advance and the short temi cash flows have proved to be robust
even during the pandemic, the govemors have redU￿d the level of the general reserve
from £750.000 to £500,000. This represents the School's free reserves.
As a result of these allocations and the results for the year, the future capital projects
reserve has increased by £192.000 to £1.786.000. Ahhough an investment of £192,000 per
year y￿uld not be sufficient to refresh our estate. this increase is a testament to the
resilien￿ of the school's finances and bodes well for the future of the school.
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Notre Dame School Cobham
Annual Report of the Governors
for the year ended 31 August 2020
Futuro Stratsgy
The school's long-lemi strategy is one of consolidation not continued expansion. Were you
to walk into the school in 20 years. time, we hope that you woukl find it largely reGognisable.
Our aim is to remain unashamedly holistic. with our students at the centre of everything we
do.
However, we recognise that we will need to invest and adapt to remain competitive and to
ensure that the next generation of students have the same opporturbities as our current
students to benefrt from St Jeanne's legacy.
Our future strategy focuses on incremental improvements, induding:
Creating a wellbeing hub which draws together our existing welfare provisions for
senior students, prep students and staff and to create a central service which serves
the whole school community
Co-locating specialist curriculum provision so that students of all ages have aC￿sS
to the best facilities arKI staff the school can provide
Ensuring that the financial position of the school is secure
Going Concern
As the pandemic unfolded, additional models and forecasts were produced by the
leadership team and reviewed by the Finance and Buildings Committee and the Board of
Govemors. Several scenarios were considered, induding loss of student numbers and
significant levels of staff cover due to sickness.
The Govemors are satisfied that the revised budget and forecast reflect the most likely
scenario and that it contains enough flexibilty to weather a second year of uncertainty.
The financial projections have tsken into consideration the current economic climate and
global pandemic and the possible impact that these will have student numbers,
affordability of fees and expenditure levels.
In light of these projections. the Govemors are confident that the school has adequate
resources to continue in operational existen￿ for the foreseeable future and that there are
not material Un￿rtaIntieS that call into doubt the school's ability to conb'nue. The financial
statsments have therefore been prepared on the basis that the school is a going COn￿rn.
Page 7

Notre Dame School Cobham
Annual Report of the Governors
for the year ended 31 August 2020
DIRECTORS. REPORT
Structure, governance and management
ststus and hlstory
Notre Dame School is an independent Roman Catholic day school ft)r approximately 650
girls aged from two to eighteen years and boys aged from two to four years, and was
founded by the Order of The Company of Mary Our Lady. which is the oldest recognised
educational order devoted to the teaching of gits; founded on the bel￿f that women have
unique contribution to make to soaety.
Saint Jeanne de Lestonnac, who ft)unded the Order of The Company of Mary Our Lady in
1607, said 'we are all educators......-........
. accompanying young people in their efforts to
build their lives for today and tomorro¥rf an approach that still looks fresh and modern 400
years later.
Notre Dame School Cobham is a registered charity, and a company limited by guarantee,
not having share capital. Every member undertakes to Contribute an amount not ex￿edIng
£1 to the assets of the charity in the event of the charity being wound-up during the period
of membership, or wilhin one year thereafter.
The management of Notre Dame Sch(M)l is the responsibilty of the Board of Govemors of
Nolre Dame School Cobham. which was incorporated on 22 De￿rnber 1999, and became
a ￿gIStered charity on 7 August 2000.
Notre Dame School Cobham is govemed by the rules and regulations set down in its
Company Memorandum and Artides of ASs￿latIon.
Organlsatlonal Structure
The overall strategic direction and evaluation of risk of ￿ school is determined by the
Govemors, who make all the key policy decisions. and supervise and control the authority
delegated to the Executive Team. comprising the Head of Notre Dame Senior School, the
Head of Notre Dame Preparalory School and the Bursar and Cterk to the Govemors. The
Executive Team. as the key management personnel. a￿ responsible for the day-to4ay
operations of Notre Dame School Cobham.
The Board of Governors meets at least three times per year. All meetings are also
attended by the Executive Team. who report to the Govemors on all matters of significance
in relation to the affairs of the school.
The remuneration of key management peTsonnel is set by the Board, with the objective of
providing appropriate incentives to encourage enhanced perfomiance and of rewarding
them fairly and responsibly for ttr￿1r indNÉdual contributions to the Company's success.
The appropriateness and relevan￿ of the remuneration policy is reviewed annually,
including referen￿ to comparisons with other Independent schools to ensure that the
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Notre Dame School Cobham
Annual Report of the Governors
for the year ended 31 August 2020
School remains sensitive to the broader issues of pay and employment corKlitions
elsewhere.
The aim is to recwit. subject to experience, at the lower to medium point within a band,
providing scope for rewarding excellence as staff costs are the largest single element of the
school's charrtable expenditure. Govemors re￿[ve no rernuneration for their services to
the school either as trustees of the charty or as directors of the Company.
Committees
The Govemors organise themselves into the following committees (all of which meet at
least three times per year) to assist them in the process of the govemance of the school.
All committees have at least one Govemor representative with the balance of the
committee comprising staff and l or ccFopted member5. as appropriate.
The Finance and Business Committee is responsible for monrtoring income and
expenditure, approving the annual budget and setting the fees. The Committee also
ensures that the annual audited financial staternents and regulatory relums are prepared in
accordan￿ with relevant legislation.
The following Govemors have been members of the Finance and Business Committee.
Sin￿ 1 September 2019:
Father Mervyn Williams SDB (Chair) (reS￿ned June 2020)
Mr Russell Granat (Chair) (from September 2020)
Mr Simon Frost
Sr Anne Gill ODN
Mr Gerald Russell
The Education and Staffing Committee is responsible for monitoring the school
curriculum and its links with the school Development Plan. The Commtttee reviews staffing
requirements, staffing issues and monitors staff perforMan￿lSa1arieS. It also advises the
Buildings Committee on facilities requirements in temis of the curriculurn.
The following Govemors have been members of the Education and Staffing Committee
Sin￿ 1 September 2019:
Mrs Wanda Nash {Chair)
Mrs Helen Evans (from March 2019 to October 2019)
Mr David Gair
Sr Anne Gill ODN
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Notre Dame School Cobham
Annual Report of the Governors
for the year ended 31 August 2020
The Lestonnac Committee is respcnS￿1e for considering the work of the school in light of
its mission. The Committee reviews all preparations for religious ServI￿S and celebrations.
including anniversary ￿lebratIOnS. It also ensures the teachings and mission of Saint
Jeanne de Lestonnac are ￿ntral to the edu￿tion offered by the school.
The following Govemors have been members of the Lestonnac Committee since
1 September 2019:
Sr Anne Gill ODN (Chair)
Sr Nieves Escalada ODN
Sr Patricia Grady ODN (from Novernbei 2019)
In addition to the above committees. the govemors have oversight of the following two
committees and receive regular updates on their activities.
The Frfends of Notre Dame (FOND) Committee. the parents association. operates under
the auspices of the school. FOND arranges social events and fundraising activities. The
FOND Committee consists of representatNes of the parent body, staff at the school and
Govemor. A governor attends the meetings on a rotation basis.
The H•alth and Safety Committee is a staff commrttee with no governor attendance. It is
responsible for Monitoring and advising on safety aspects for the whole school site in tenns
of Health and Safety legislation as it pertains to pupils, staff and visitors to the school. The
school also engages the services of a Health & Safety Advisor to review the school's
procedures and processes and to provide advice to staff. The Committee considers the
risks involved in all activities. visits and the use of the site and buildings and reports findings
and risks to the FInar￿ and Business Commtttee on a tern1￿ or ad hoc basis.
Method of R￿ruItmen( Appoinlmenl Election. Induction & Training of Governors
Recnjitment
The school's Govemors are recruited based on eligibilty. personal competence, specialist
skills and local availability.
Appointment 8nd Election
The majorty of the Board of Govemors are appointed by the Mother General of the Order
of The Company of Mary Our Lady and are known as SG Governors. The remainder are
known as AGM Govemors. being elected at the Annual General Meeting (AGM) or cc
opted onto the board lo hold OfFI￿ until following AGM. Elections to the board are on
the basis of a simple majority of the votes of the Govemors.
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Notre Dame School Cobham
Annual Report of the Governors
for the year ended 31 August 2020
Induction and Training
Newly appointed or elected Govemors are inducted into the workings of the school,
including being briefed on board policy and procedures, at an induction meeting with key
fellow Govemors and the Executive Team. Copies of key documents are provided.
Govemors are also briefed on g0Vemar￿ issues at regular board meetings and are kept
infomed aboul training opporbjnities via regular e-mail correspondence. Regulation,
legislation and g0veMan￿ best practi￿ updates are provided in the board packs for
infomation purposes, and various opportunities for meeting socially, incorporating talks on
the school's mission. are arranged throughout the year.
A Govemors, portal on the school website has also been established to create a resource
and referen￿ base for Govemors. The portal provides Govemors with easy access to
referen￿ materials. meeting minutes and policies.
Govemors are invited to attend the bi-annual pilgrimage to Bordeaux to follow in the
footsteps of the Foundress. Saint Jeanne de Lestonnac. in order to understand and
experien￿ the Charisrn and educational mission of the Order of The Company of Mary Our
Lady.
The Charity Govemance Code
The charty governan￿ code is endorsed by the Chartty Commission arKJ was re￿ntlY
updated in De￿mber 2020. The Code is designed as a tool to support continuous
improvement and all charty trustees are encouraged to meet the principles and outcomes
of the Code by either applying the recommended practi￿ or explaining what they have
done instead or why they have not applied it. The school has used the code to assess its
current practice against the CharÈty Governan￿ Code's seven principles and
recommended practi￿. The main areas where the school's practice differs from
recommended practi￿ relate to the recruitment of Govemors and the diversity of the
members of the Board. Our goveming document requires the majorty of the Board of
Govemors to be appointed by the Mother General of the Order of The Company of Mary
Our Lady to ensure the continuation of the ethos of the school and all govemors must be
sympathetic lo this ethos. We recruit AGM govemors using a variety of rneans. including
seeking applications from ft)mier students and parents and through nominations from
govemors and the executive team.
Investment Policy and perforniance
Under the rules of the goveming document of the chafity, the Govemors have wide ranging
povRrs to invest the funds of the charity as they see frt wthin the scope of the laws and
regulations applying in Ihe United Kingdom. In practi￿, the Govemors have continued to
accumulate their free reseNes and hold them as liquid assets in a managed cash fund.
removable wilhout charge at minimum noti￿.
The Govemors would not knowingly invest in anything that they consKler to be socially,
environmentally or ethicalty unsound.
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Notre Dame School Cobham
Annual Report of the Governors
for the year ended 31 August 2020
For the year ended 31 August 2020, the school's un￿tricted reserrfes (held principally as
cash and fixed assets) increased by 3.150h (2019: increased by 2.98Vo). and the school
achieved an average income retum on total cash deposits of 0.63% (2019: 0.54%). This is
in line with expectstions.
Fundraising
All fundraising activrties for the school are carried out by the Friends of Notre Dame (FOND)
and are focussed around fundraising events such as the Winter Ball. the Christmas Craft
Fair and an annual Quiz Night. In addition, FOND Co￿rdinate the Neaty New Unrfonn shop
which allows parents to buy and sell items of school unrfonn from and to other parents.
These activities serve to ratse funds for the sthool, but also to generate a sense of
community within the parent body. The school does not use professional fundraisers or
have any commercial participators. All fundraising activities are Managed by FOND, with
overall oversight by the FOND committee.
No complaints relating to fundraising activities have been received by the school during th
financial period. However, the school has in pla￿ procedures that would be followed in the
event of a complaint being received with the initial response being the responsibility of the
Executive Team. Any conlinuing issues would then be dealt with in line with our Complaints
Policy.
The school does not currently subscribe to any specific fvndraising standards or schemes
for fundraising regulation but considers that it has set appropriate standards for the
operation and management of its fundraising activities. In part￿Ular, the school considers
that rts processes and controls should ensure that vulnerable people and other members of
the public are protected from any unreasonable intrusion on a person's privacy and that no
fundraising activities would be unreasonably persistent or place undue pressure on a
person to give money or other property.
Risk and corporate governance
The school has taken out a public liabilty Insuran￿ policy that provides professional
indemnity cover for the Governors and Staff of the school.
The Govemors keep under regular review the principal areas of the school's operations.
and consider the major risks faced by the school in each of those areas. The management
team undertakes a regular review and update of the risks, and action is tsken to assess and
improve procedures in order to mitigate the negative impact of risk. This is reviewed by the
Goveming Body.
Risks are identifEd and assessed. and then appropriate controls established to be
monitored and tested throughout the annual cycle. The main risks facing the charty are a
reduction in pupil numbers. arising principally from the economic circumstsnces in the
region generally exa￿rbated by COVID 19 and Brexit, and from the strong competition
Page 12

Notre Dame School Cobham
Annual Report of the Governors
for the year ended 31 August 2020
from Independent and State schools in the area and ¢￿-edUCa￿.OnaI sixth foms in local
boys, independent schools. The school made a number of changes lo its operating
procedures to comply with guidan￿ on operating Secu￿ty during the coronavirus
pandemic.
The Govemors also consider externally mandated increases to the school's cost base (for
example from changes to VAT legislation, the availability of charitable relief on business
rates and contribution rates for the Teachers, Pension Scheme) and the affordabilty of fees
by parents across the independent sector lo be the principal risk fa￿d by the school.
These risks are being mttigated by ensuring that the fee levels are maintained at
reasonably affordable levels, without compromising the qualty of the education", rigorous
credit control. constant internal and extemal marketing and a rolling review of the
educational experien￿. Following a consultation with affected stsff. the Governors took the
difficult deasion to withdraw from the Teachers. Pension Scheme with effect from 31
De￿mber 2020 as they felt that conts'nued membership of the scheme posed too great
risk to the school.
The school is also investing in high quality staff and facilities and continues to improve its IT
infrastrLKture support the technology needs of the curriculum.
The Education Committee monitors and reviews all the major risk areas. It corKJucts annual
fomal reviews of the school's child protection policies and procedures, and of the efficiency
wrth which the related duties have been discharged, and then the findings are reported to
the board of Governors.
The key controls used by the school include:
Formal agendas for all committee and board meetings:
Detailed terms of referen￿ for all committees.
Comprehensive strategic planning. budgeting and management accounting
procedures.,
Established organisational structures and fonnal lines of communicatTron and
reporting:
Fomial written policies:
Clear authorisation ar)d approval levels,. and
Vetting procedures as required by law for the protection of children and vulnerable
adults.
Through the risk management pro￿sseS estsblished for the charity, the Govemors are
satisfied that the major risks have been identified and have been adequately managed
where necessary. It ts recognised that systems can onty provide reasonable but not
absolule assuran￿ that major risks have been adequately managed.
Page 13

Notre Dame School Cobham
Annual Report of the Governors
for the year ended 31 August 2020
Objects. public benefit aims and objectives
Charitable Objectives
The charitable objectives for which the chaiity was established are lo advance the Roman
Catholic religion by the conduct of a Roman Catholic school or schools. and as a Company
of Mary Our Lady school. we do this in the spirit of our foundress. St Jeanne de Lestonnac.
a progressive and dedicated educator of women of all faiths and none. Notre Dame
continues to build on this legacy by accompanying young people in their efforts to build their
lives for today and tomorrow.
We provide a Roman Catholic eduL*ion. but are open to and respect the farths and
cultures of all members of our comrnunty. Pupils and staff of other denominations and
faiths are welcomed and encourag&l to make an active contribution to the spiritual lrfe of
the school.
Aims, Intended Impact and Grant making policy
Notre Dame is an unashamedty holistic school. Our students from 2-18 are pla￿d at the
ntre of everything and their physical and mentsl wellbeing is as important as their
excellent academic. sporting and artists'c achievements. Pastoral Care is at the heart of
school lrfe at Notre Dame but is not at the expense of academic rwour. It fomis the bedrod(
on which academic excellence is built.. happy, comfortable and secure children and young
women make confident and successful leamers, who feel safe to venture beyond their
comfort zone and try new approaches. and who understand that mistakes and failure are an
important step in learning.
In particular, the schoofs aims are:
To develop a secure and stwnulating environment in which pupils are encouraged
and challenged to fulfil their potential, both academically and physically and gain an
understanding and appreciation of the wider world in which they live.
To develop in pupils a responsible and independent attitude towards work and their
roles in society and a desire to reach out a tElping hand and contribute to the wider
community.
To ensure that the school atmosphere is such that all pupils leam tt) appreciate
dNersity. respect each otherfs views and beliefs arwj build a reasoned set of
attitudes. values and beliets based on Christian principles which will enable them to
make a positive difference in the world.
To respect each pupil as a valued individual who can choose her own individual path
through the school and in tum grow self*steem confidence and Independen￿ and
live an authentic lrfe.
To work with parents and families as part of a wider Notre Dame communty
To prepare, support and guide each pupil for the next stage of their education,
whatever that might be.
Page 14

Notre Dame School Cobham
Annual Report of the Governors
for the year ended 31 August 2020
The charity's immediate beneficiaries are the girls who attend the school. but the local
community (with whom the school fosters strong links across a wide range of activtties) also
benefits from what the school does and from access to school facilities. In Ihe opinion of
the Govemors. Ihe general public is the ultimate beneficiary of the high qualty education
and the greater awareness of social values that the sthool provides lo its pupils.
The charity makes available scholarships, means tested bursaries al￿ awards out of
unrestricted funds. The ¢hariWs policy, in line with olher independent school operators. is
to make awards on the basis of an indNidual's educational potential and bursaries are
offered where the pupil's educalion and future prospects would otherwise be at risk. To
widen access further, the school also facilttates putting needy families in touch with other
potential funding SoUr￿s. The school provided scholarships, bursaries and discounts to
two hundred and five pupils (2019". one hurKlred and ninety three pupils) amounkn'ng to
£809,000 (2019: £787,000) all provided from the unrestricted funds of the charty. Means
tested bursaries of £329,000 (2019: £284.000) are included in this total.
The Govemors also aim to widen access fvrther for new pupils joining the school who
would benefft from a Notre Dame education, bLrt whose farnilies are unable to afft>rd the full
fees and who have no substants'al capital assets. by offering up to full fee assistan￿ in key
year groups for a limited number of places each year. This support is also available to
scholarship candidates where they meet the means testing criteria.
The school continued to ensure that both current and new initiatives were considered in
light of the guidelines identrfied from The Company of Mary Our Lady (COMOL)
Educational Project strategy meeting held in June 2011. These guidelines set out the key
elements which all COMOL schools and educational projects have in common including:
A humanist arKJ Christian education that places people at the ￿ntre and enables
them to be citizens of the globe who take collective and transfO￿atiVe action
An educats'on that provides an open leaming opportunty and that educates in life and
for Itfe
Educators as companions and witnesses to the values and principles in which they
want to educate. who are committed to qualty and continuous improvement
An educational comrnunty, involved in a common project. in which receptiveness,
dialogue. teamwork and c(Fresponsibilty are fundamentsl components.
Objectives for the year
The principle objectives to fulfil the aims set out above fall into three broad categories:
Thinking Space
Deliver a highly personalised education for each individual student throughout the
schools. rewarding effort and leaming
Pay careful attention to each individual's progress through specialist English and
mathematics programmes in the Prep School and data-tracked progress
measurement in the Senior School
Page 15

Notre Dame School Cobham
Annual Report of the Governors
for the year ended 31 August 2020
Run an extensive range of academic enrithment events. chaI￿ngeS and
opportunities across the whole school
Growing Space
Help every students to discover new interests
Encourage participation by all students in sport. drama and music
Embed creativty in the tsaching of all subjects
B￿athIng Space
Focus on happiness and success
Promote well-being and resilience through Project Florecer in the Prep School and
The Lestonnac Approach in the Senior School
Relationships with Related Parties
The school continues to maintain a strong relationship with the Order of the Company of
Mary Our Lady (COMOL).
Public Benefit and links with local schools and the wider community
The Governors have given due (x)nS￿eratIon to the Charity Commission's published
guidance on the Public Benefit requirements under the Charities Act 2011. As an
edurational charity and. in meeting objectives of the charity, the school's aim is to
benefrt the public through the advancement of education within the Roman Catholic ethos
of educating children and young persons.
In addition to providing £329.000 of means-tested assistan￿ to 51 pupils {2019: £284.000
io thirty-three pupils), wider aC￿sS to the facilities available at the school was promoted
this year through numerous hockey, swimming and netball clubs using our facilities in the
evenings and at weekends. Unfortunatety. due to Ihe school dosure and restrictions
resulting from Ihe pandemic. a number of our planned engagement activities could not take
pla￿ this year. but we have continued to WO￿ with local schools in tt)e areas of IT, food
and nutrition. Scien￿ and religious studies. In Ihe ALrtumn and Spring terms, our students
visited the elderly residents of Whrteley Village. made donations in kind to the Cobham
Area Foodbank and raised money for The Otpheus Centre and The Company of Mary's
ODNS Cobham Outreach. In addition, during the Summer temi, our chaplain shared
collective worship resources wtth other schools in our deanery.
Page 16

Notre Dame School Cobham
Annual Report of the Governors
for the year ended 31 August 2020
ststement of Governors, Responsibilities
members of the Goveming Body (who are also directors of Notre Dame School
Cobham for the purposes of company law) are responsible for preparing the Govemors.
Annual Report and the financial statements in accordance wth applicable law and United
Kingdom Generally Accepted Accounting Practi￿ {United Kingdom Accounting Stsndards).
Company law requires the Trustees to prepare financial statements for each financial year.
Under that law the Goveming Body have elected to prepare the financial statements in
accordan￿ wth United Kingdom Generally Accepted Accounting Praclice (United Kingdom
Accounting Standards) and applicable law.
Under company law the Governing Body members must not approve the financial
statements unless they are satisfied that they give a true and fair view of the state of affairs
of the charitable company and of the incoming resour￿5 and application of resource5.
including the income and expenditure. of the charitable company for that period. In
preparing these financial staternents, the Trustees are required to:
select suitsble accounting policies and then appty them consistently.
observe the methods and principles in the Charities SORP;
make judgments and estimates that are reasonable and prudent"
state whether applicable UK accounting standards have been foll0v￿d, subject to
any material departures disclosed and explained in the financial slatemenls,. and
prepare the financial statements on the going con￿rn basis unless it is inappropriate
to presume that the charitable company will continue in business.
The members of the Goveming Body are responsible for keeping adequate accounting
records that are sufficient to show and explain the charitable company's transactions.
disclose with reasonable accuracy at any time the financial posilion of the charitable
company and enable them to ensure that the financial statements comply with the
Companies Act 2006 and the provisions of the charity's constitution. They are also
sponsible for safeguarding the assets of the charity and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
R•levant audlt Infom)ation
So far as each of the Govemors is aware, there is no relevant audit infonnation of which the
charitable company's auditors are unaware. Each of the Govemors has taken all the steps
that he or she ought to have taken as a Govemor in order to rnake ourselves aware of any
relevant audit infonnats'on and to establish that the charttable company's auditors are aware
of that infonnation.
Page 17

Notre Dame School Cobham
Annual Report of the Governors
for the year ended 31 August 2020
This Annual Report, prepared under the Charities Act 2011 and the Companies Act 2006.
VRS approved by the Board of Govemors on 23rd March 2021, including in their capacty as
company directors approving the Directors. and Strategic Reports contsined therein, and is
signed asauthorised on its behalf by:
. Govemor
Gerald Russell FCA
23 March 2021
Page 18

Independent Auditorfs Report
to the members of
Notre Dame School Cobham
Opinion
We have audited the financial slatements of Notre Dame School Cobhafn for the year ended 31
August 2020 which comprise the Statement of Financial Acttvities. Balance Sheet, Statement of
Cash Flows and notes to the financial statements, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation
is applicable law and United Kingdom Accounting Standards. including Financial Reporting
Standard 102 The Financial Reporting Standard applieable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practi￿).
In our opinion the financial ststemenls:
give a twe and fair view of the state of the charitable companys affairs as at 31 August
2020 and of its incoming reSoUr￿S and application of resources. including its income
and expenditure for the year then ended;
have been properfy prepared in accordan￿ with United Kingdom Generally Accepted
Accounting Practice; and
have been prepared in accordan￿ with the requirements of the Companies Act 2006.
Basis for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS
(UK)) and applicable law. Our responsibilities under those standards are further described in
the Auditorfs responsibilities for the audit of the financial statements section of our report. We
are independent of the Gharitable company in accordance with the ethical requirements that are
relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard,
and we have fU￿illed our other ethical responsibilitses in accordance wtth these requirements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.
Concluslons relating to golng conc•m
We have nothing to report in respect of the following matters in relalion to which the ISAS (UK)
require us to report to you where:
the trustees. use of the going concern basis of accounting in Ihe preparat•on of the
financial statements is not appropriale,. or
the trustees have not disclosed in the financial staternents any identif￿d material
uncertainties that may cast sTrgnificant doubt about the charitable company's abilty to
continue to adopt the going concem basis of accounting for a period of at least twelve
months from the date when the financial slatements are authortsed for issue.
Other information
The trustees are responsible for Ihe other inforniation. The other information comprises the
infomiation included in the annual report, other than the financial statements and our auditorfs
report thereon. Our opinion on the financial statements does not cover the other information
Page 19

Independent AUdit0￿S Report
to the members of
Notre Dame School Cobham
and, excepl to the extent otherwise explicitty ststed in our report. we do not express any fomi of
assurance conclusion thereon.
In connection with our audit of the financial ststements. our responsibilty is to read the other
infomation and. in doing so. constder Ythether the other information is materially inconsistent
with the financial statements or our knowledge obtsined in the audit or otherwise appears to be
materially misststed. If we identify such material inconsistencies or appa￿nt material
misstatements. we are required to determine whether there is a material misststement in the
financsal statements or a material misstatement of the other information. If. based on the work
we have performed, we conclude that there is a material misstatement of this other infomiation,
we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prnscribed by th• Companles Act 2006
In our opinion based on the work undertaken in the course of our audit
the information given in the Iruslees. report. which indudes the directors, report and the
strategic report prepared for the purposes of company law. for the financial year for
which the financial statements are prepared is Consistent with the financial statements:
and
the slrategic report and the directors, report included within the trustees, report have
been prepared in accordan￿ WTth applicable legal requirements.
Matters on whlch we are required to report by exception
In light of the knOw￿dge and understanding of the charitable company and ts environment
obtained in the course of the audit. we have not idenlffied material misstatements in Ihe
strategic report or the directors. report irKILKled within the trustees, report.
We have nothing to report in respect of the following matters in relation to which the CompanEs
Act 20[￿ requires us to report to you rf, in our opinion:
adequate accounting ￿COrdS have nol been kept. or
the financial statements are not in agreement with the accounting records and retums:
or
certain disdosures of trustees. remuneration specit*d by law are not made" or
we have nol received all the information and explanations we require for our audit.
Responsibilities of tntstees
As explained more fully in the trustees. responsibilitie5 Statement set out on page 17, the
trustees (who are also the directors of the charitable company for the purposes of company
Page 20

Independent Auditorfs Report
to the members of
Notre Dame School Cobham
law) are responsible for the preparation of the financial statements and for being satisfied that
they give a true and fair VEW. and for such intemal control as the trustees determine is
necessary to enable the preparation of financial statements that are free from material
misstatement. whether due to fraud or ern)r.
In preparing the financial stalemenls, the trustees are responsible for assessing the charitable
company's abilty to continue as a going Concem. disclosing, as applicable, matters related to
going concern and using the going concem basis of accounting unless the trustees either
intend to liquidate the charitable company or to cease operations, or have no realistic
altemative but to do so.
Audltofs responsibilities for the audlt of the financial ststements
Our objectives are to obtain reasonable assurance about whether the financial statements as
whole are free from material misstatemenL whether due to fraud or error, and to issue an
auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance.
but is not a guarantee that an audit conducted in accordan￿ with ISAS (UK) will always detect
a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material rf, individually or in the
aggregate, they could reasonably be expected to inlluence the economic decisions of users
taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on
the Financial Reporting Council's website at: www.frc.org.uklauditorsresponsibilitEs. This
description forms part of our auditorfs report.
Use of our report
This report 15 made solety to Ihe charitable compan￿$ members. as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that
we might state to the charitable company's members those matters we are required to state to
them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we
do not accept or assume responsibility to anyone other than the charitable company and the
charitable company's members as a body. for our audit work. for this report, or for the opinions
we have formed.
Andrew Thomas
Senior Statutory Auditor
For and on behalf of
Crowe U.K. LLP
Statutory Auditor
London
Date: 10 May 2021
Page 21

Notre Dame School Cobham
ststement of Financlal Activities
for the year ended 31 August 2020
2019
Total
£'ooo
Notes
Unrestrlcted Restrlcted
funds
funds
£'ooo
£'ooo
2020
Total
£'ooo
Income from:
Donations
20
45
42
Charitable activities
9,350
9,350
9,219
Investments
28
28
26
Other income
194
194
Total
9.592
9,637
9,287
Expendlture on:
Raising funds
25
25
24
Charita￿e acti%ities
9.253
9,253
8.938
Total
9.253
25
9.278
8,962
Net income
Transfers between
funds
Net movement In
funds
Reconcillatlon of
funds:
Totsl funds brought
forward
Totsl funds rArried
fomard
339
20
359
325
20
359
325
339
27
10.790
10,465
10,763
11,102
47
11,149
10,790
The notes on pages 25 to 41 fomi part of these financial ststements.
Page 22

Notre Dame School Cobham
Balance Sheet
as at 31 August 2020
Notes
2020
2019
£'ooo
£'ooo
Flxed assats:
Tangible assets
8,161
8,284
Investments
10
2,550
1,600
Total fixed assets
10.711
9,884
Current assets:
Debtors
11
187
217
Cash at bank and in hand
2,298
2,498
Total cuffent assets
2,485
2.715
Liabililies:
Creditors.. amounts falling due wthin one year
12
1,799
1.657
Net cu￿ent 8ssets
686
1,058
Total assets less cuffent liabil￿eS
Creditors: amount5 falling due after more than one
year
Total net assets
11,397
10.942
13
248
152
11,149
10,790
The funds of the school:
Restricted income funds
15
47
27
Unrestricted funds
15
11.102
10,763
Totsl School funds
11.149
10,790
These financial statements were approved by the Goveming Body on 23rd March
2021 and Y￿re signed on its behalf by:
Gerald Russell FCA
Govemor
The notes on pages 25 to 41 fonn part of these financial statements.
Page 23

Notre Dame School Cobham
Statsment of Cash Flows
for the year ended 31 August 2020
Notes
2020
£'ooo
2019
£'ooo
Cash flows from operatlng activilies:
Net cash pmvided by operating acbvibes
19
949
811
Cash flows from investing athitsos:
Inte￿t from investments
28
26
Purthase of property. plant and equipment
(227)
(125)
Purchase of inveslments
(950)
(600)
Net cash used in investing actfvltks
(1,149)
{699)
Change in cash and cash equivalents in the year
(200)
112
Cash and cash equivalents at th• beginning of
the year
Cash and cash equivalents at the end of the year
2,498
2,386
20
2.298
2,498
The notes on pages 25 to 41 fomi part of these financial slatements
Page 24

Notre Dame School Cobham
Notes to the Financial Statements
for the year ended 31 August 2020
Accounting policies
The financial statements have b￿n prepared in accordan￿ with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS102), the Companies Act 2006
and the Statement of Recommended Practice applicable lo chartties preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102).
The functional currency of the school is considered to the GBP because that is the currency
of the primary economic environment in which the school operates.
The accounts are dra￿ up on the historical cost basis of accounting, as modrfied by the
revaluation of other investments.
Having considered a number of dtfferent models and forecasts covering a range of different
scenarios including a signrficant drop in student numbers and increased costs of staff cover
due to sickness, the Governors are satisfied that the revised budget and forecast reflect the
mostly likely scenario and that it contains enough fiexibility to y￿ather a second year of
uncertainty. In light of these projections, the funding facilities available to the school. the
expected ongoing demand for places and the school's future projected cash flows, the
Govemors have a reasonable expectation that the school has adequate reSoUr￿S to
continue its activities for the foreseeable future and consKler that there were no material
Un￿rtaIntieS over the school's financial viabilty. Accordingly, they continue to adopt the
going concem basis in preparing the financial statements as outlined in the Ststement of
Governors, Responsibilities on page 17.
The school is a Public Benefft Entity registered as a charity in England and Wales and a
company limited by guarantee. It was incorporated on 22 December 1999 (company
number 03898262) and registered as a charity on 7 August 2000 (charity number
1081875).
Crftlcal accounting judgements and key sources of estimation uncertainty
In the application of accounting policies, Govemors are required to make judgements,
estimales and assumptions about the carrying value of assets and liabilities thal are not
readily apparent from other sources. The estimates and underfying assumptions are based
on historical experience and other factors that are considered lo be relevant. Actual results
may differ from the estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised rf the
revision affects only that period, or in the period of the tevision and future periods if the
revision affects current and future periods.
In the view of the Govemors, no assumptions conceming the future or estimation
uncertainty affecting assets or liabilities at the balan￿ sheet date are likely to result in a
material adjustrnent to their carrying amounts in the next financial year.
Page 25

Notre Dame School Cobham
Notes to the Financial Ststements
for the year ended 31 August 2020
The followng accounting policies have been applied ￿)nSIstenty in dealing with items
which are considered rnaterial in relation to the school's financial statements.
1.1 Fees and similar earned income
Fees receivable and charges for services and use of the premises. less any allowances.
scholarships and bursaries granted by the school against those fees are accounted for in
the period in which the Servi￿ is provided.
1.2 Investment Income
Inveslment income is accounted for on an accruals basis.
1.3 Donations and other voluntary income
Voluntsry income is accounted for as and when ent"rtlement arises, the amount can be
reliably quantifEd and the economic benefft to the school is considered probable. Voluntary
income for the school's general purposes is accounted for as unrestricted and is credited to
the General Reserve. Where the donor or an appeal has imposed trust law restrictions,
voluntary income is credited to the relevant restricted fund.
1.4 Government grants
Govemment grants are recognised on the perf0rnan￿ mojel. when the school has
complied with any conditions attaching to the grant and the grant will be received. The
grant in connection to the job retention scheme has b￿￿ recognised in the period to which
the undertying furloughed staff costs relate.
1.5 Expenditurn
Expenditure is recognised in the period in which it is incurred, with liabilities being
recognised where there is a legal or constructive obligation to pay. Expenditure is allocated
to the school's principal activity where the costs can be identified as being directly related to
that activity. All cosls that cannot be identified as relating directly to the school's principal
activty are categorised as either support costs or govemance costs. Any costs that cannot
be specifically categorised are allocated in proportions based upon a suitable ratio
applicable to the nature of the cost involved. The irrecoverable element of VAT is induded
WFth the item of expense to which it relates.
Governance costs comprise the costs of complying with constitutional and statutory
requirements, such as the costs of Goveming Body and committee meetings and satisfying
public accountabilty.
1.6 Operating leases
Rentals under operating leases are d)arged on a straight-line basis over the lease term,
even rf the payments are not made on such a basis. Beneffts r￿1Ved and re￿Nable as
an incentive to sign an operating lease are similarty spread on a straight-line basis over the
lease term.
Page 26

Notre Dame School Cobham
Notes to the Financial Ststements
for the year ended 31 August 2020
1.7 Tangible fix￿ assets
All tsngible assets purchased that have an expected useful economic lrfe that exceeds one
year are capitalised and classffied as fixed assets. Fixed a&sets are stated at historical
cost.
Items costing less than £1,000 are written off as an expense as acquired.
1.8 Depreciation
Depreciation is provided to write off the cost of all relevant tsngible fixed assets less
estimated residual value based on current market pri￿s, in equal annual instalments over
their expected useful economic lives as follows:
Freehold land
Freehold buildings
Freehold Improvements
Vehicles, equipment, fixtures and fittings
not depreciated
50 years
over 10 to 25 years
over 4 to 10 years
1.9 Fund accounting
The charitsble trust fvnds of the school a￿ accounted for as unrestricted or restricted
income in accordance with the temis of trust imposed by the donors or any appeal to which
they may have responded.
Unrestricted income belongs to the school's general ￿serVeS. spendable at the discretion
of the Governors either to further the schools Objects or to benefit the school itself. Where
the Govemors decide to set aside any part of these funds to be used in future for some
specffic purpose. this is accounted for by transfer to the appropriate designated fund.
Restn'cted income comprises grfts where there is no capital retention obligation or power
but only a trust law restriction to some specific puw intended by the donor.
1.10 Pension costs
Retirement benefrts to employees of the school are provided through three pension
schemes, one defined benefft and Iwo defined contribution. The pension costs charged in
the Statement of Financial Act5Vtties are detemlined as follows:
(a) Teachers, Pension Scheme (to 31 De￿rnber 2020)
This stheme is a multi*mployer pension scheme. It is not possible to identify the
school's share of the underlying assets and liabilities of the scheme on a consistent and
reasonable basis and therefore, as required by FRS102, accounts for the scheme as rf it
were a defined contribution scheme. The school's contributions. which are in
accordance with the recommendations of the Govemment Actuary. are charged in the
period in which the salaries to which they relate are payable.
Page 27

Notre Dame School Cobham
Notes to the Financial Ststements
for the year ended 31 August 2020
(b) Notre Dame School Group Personal Pension
This is a defined contributions group personal pension plan. Employerfs pension costs
are charged in the period in whith the salaries to which they relate are payable.
(c) APTIS (from 1 January 2021)
This is a defined contributions master trust scheme. Employe¢s pension costs are
charged in the period in which the salaries to which they relate are payable.
1.11 Fees In advance
Amounts received under the school's Fees in Advance Scheme contracts for education not
yet utilised to settle school fees are recorded as deferred income. They are allocated as
current liabilities where the education will be provided within 12 months of the reports'ng
dale and as long-term liabilities where the education will be provided in subsequent years.
1.12 Financial instruments
Basic financial instruments are initially recognised at transaction value arKI subsequently
measured at amortised value. Financial assets held at amortised cost comprise cash at
bank and in hand (note 20). together with all deblors excluding prepayments (note 11). A
specffic provision is made for debts for which recoverabilTty is in doubt. Cash at bank and in
hand is defined as all cash held in instant access bank accounts and used as wO￿l￿g
capital. Financial liabiltti'es held at amortised ulst comprise deposts, trade and other
creditors, and accruals (note 12).
1.13 Investments
Cash on deposit which is not needed for working capital within the forthcoming year is
shown under investments (note 10). Investments are held at fair value at the Balan
Sheet date.
Income from donations
2020
Total
2019
Total
£'ooo
FOND
45
42
Other
20
Total
65
42
FOND donations are restricted. Other donations were used to provide additional hardship
support to parents during Ihe school closure.
Page 28

Notre Dame School Cobham
Notes to the Financial Statements
for the year ended 31 August 2020
Income from charitable activities
2020
£'ooo
2019
£'ooo
Fees receivable for tuttion
9.686
9,064
Less: discount relating to school closure during lockdown
Less: bursaries, discounts and allowances
(476)
(809)
(787)
8,401
8.277
Other income
949
Total
9.350
9.219
All income from charitable activilies is unrestricted
Other Income
2020
2019
£'ooo
Job Retention Scheme grant income
194
Expenditure on raising funds
2020
2019
£'ooo
Fund raising expenses
25
24
All expenditure on raising funds is restricted and relates to FOND.
Page 29

Notre Dame School Cobham
Notes to the Financial Statements
for the year ended 31 August 2020
Expenditure on charitable activities
costs
£'ooo
Depreciallon
Other
cost
£'ooo
2020
Total
£'ooo
2019
Total
£'ooo
Teachirvj
430
5.730
5,587
Wellare
11Y)
Premises
1,296
1.115
Support
744
350
1.584
1.537
Total
6,392
350
2,511
9,253
8,938
Governan￿ costs included within support costs are as follows:
2020
£'ooo
2019
£'ooo
Remuneration paid to auditor for.
statutory audit
other assuran￿ servi
27
25
Other governan￿ costs
Total
31
31
The average Month￿ number of persons employed by the school {excluding Govemors)
during the year was 155 {2019: 148). The school also employed 23 casual staff (2019: 26)
who worf( on a seasonal basis.
The staff costs for the above persons were as follows..
2020
£'ooo
2019
£'ooo
4.702
Wages and salaries
Social security costs
Pension costs- Teachers, Pension Scheme
5,000
496
466
797
521
Pension costs- Not￿ Dame School Group Pension Plan
Total
99
68
6.392
5,757
Page 30

Notre Dame School Cobham
Notes to the Financial Ststements
for the year ended 31 August 2020
Staff costs and related party transactions
Included in the above are redundancy and temiination ￿sts of £45,636 (2019: £39.278) of
which £45,636 vtss unpaid at the year*nd (2019: £39,278).
None of the Govemors recetved any remuneration for servi￿$ as a trustee of the charity or
as a director of the company during the current or previous year. During the year travel
expenses of £nil were reimbursed to zero govemors (2019: £465 to one governor). The
school has tsken out a public liability Insuran￿ policy Ihat provides professional indemnity
cover for the Govemors and staff of the chartty. The cost of this Insuran￿ policy to the
school for the year was £1,974 (2019. £1.714).
The key management personnel of the school received salary and benefits, including
employe¢s pension and natj'onal insurance, to the value of £368.000 (2019: £327,000).
The number of employees whose totsl employee benefrts (excluding employer pension
costs) for the period were MO￿ than £60.000 were:
2020
Number
2019
Number
£60,000 to £69,999
£70.000 to £79.999
£80,000 to £89,999
£100,000 to £109,999
£110,000 to £119,999
Total
Ultimats Controlllng Party
The Order of Ihe Company of Mary Our Lady is based in Rome and appoints the SG
Govemors to the Board of Notre Dame School (which is a foundation of the Company of
Mary Our Lady), to ensure that the ethos and educational mission of the Order continues in
the school. The school was set up in a separate charty to enable rt to operate
independently of the Order. As the Board of the school is comprised of a majorty of SG
Govemors, it regards the ￿ntral govemment of Ihe Order in Rome to be its U￿$mate
Controlling Paty. Notre Darne School is not induded in the group accounts of the said
govemmenl in Rome, as it does not receive any benefft derived from tts control.
Page 31

Notre Dame School Cobham
Notes to the Financial Ststements
for the year ended 31 August 2020
Staff costs and related party transactions (continued)
Relatsd parlies
The Order of the Company of Mary Our Lady CIO (Charity Number 1173559) is a related
paty of Notre Darre School and three of its trustees are also trustees of the sthool. During
the year, the school paid rent of £120.000 to the Order (2019: £120,000) and made a
voluntary donation of £40,000 {2019: £40,000) to the Order for the furtheran￿ of its
mission.
Statement of Financial Activities - comparative figures by fund type
Year ended 31 August 2019
Unrestricted
funds
£'ooo
Restricted
funds
£'ooo
2019
Total
£'ooo
Income from:
Donations
Charitable activities
Investments
Other income
42
42
9,219
26
9.219
Total
Expendlture on:
Raising funds
Charitable activiiies
Total
Net income
Transfers between funds
Net rnovement in funds
Raconcillatlon of funds:
Total funds brought
forward
Total funds carrled forward
9,245
42
9,287
24
24
8.938
8,962
325
8,934
8,934
311
28
14
311
14
325
13
10,452
10,465
10.763
27
10,790
Page 32

Notre Dame School Cobham
Notes to the Financial Statements
for the year ended 31 August 2020
Tangible fixed assets
Vehicles,
equipmenL
fixtures and
fittings
£'ooo
Freehold
Land
Freehold
buSldings
Total
£'ooo
£'ooo
£'ooo
Cost
At 1 September 2019
6.468
3.057
10,373
Additions
227
227
Disposals
{89)
{89)
At 31 August 2020
6,468
3,195
10.511
Depreclatlon
At 1 September 2019
1,302
787
2.089
Disposals
(89)
(89)
Charge for the year
130
220
350
At 31 August 2020
1,432
918
2,350
Net book value
At 31 August 2020
5,036
2,277
8.161
At 31 August2019
5,166
2.270
8,284
The school has scKne long-held historic assets used in the course of the school's
educational activities. These include the tsbemacle, chall￿5 and candlesticks provided by
the Order and used by the school for its masses. Due to their age. reliable historical cost
infonnation is not available for th&se assets and could not be obtsined except at
disproportionate expense. However. in the opinion of the Govemors. the depreciated
historical cost of these assets would now be immaterial.
Page 33

Notre Dame School Cobham
Notes to the Financial Statements
for the year ended 31 August 2020
10 Investments
2020
2019
£'ooo
Cash on deposit
2,550
1.600
11 Debtors
2020
£'ooo
2019
£'ooo
Fees receNable for tuitton
73
12
Other debtors
25
25
Prepayments
89
180
Total
187
217
All debtors are due within one year.
12 Creditors: amounts falling due within one year
2020
£'ooo
2019
£'ooo
Deposts from parents
408
393
Trade creditors
329
195
Other taxes and social security costs
124
116
Other creditors
Accruals
268
205
Deferred income
80
91
Fees recetved from parents in advan￿ of temi
445
494
Fees in advan￿ scheffle
136
156
Total
1,799
1,657
Page 34

Notre Dame School Cobham
Notes to the Financial Statements
for the year ended 31 August 2020
13 Creditors: amounts falling due after more than one year
2020
£'ooo
2019
£'ooo
Fees in advan￿ scheme
248
152
14 Fees in advance scheme
Parents may enter into a contract to pay the school in advance for fixed contributions
towards the tuttion fees for up to fve years. The money may be retumed subject to specrfic
conditions on the r￿lpt of notice. Assuming pupils will remain in the school, fees in
advance will be applied as follows:
2020
2019
£'ooo
Within two to five years
154
75
Within one to two years
77
248
152
Wrthin one year
136
156
Totsl
308
Summary of movements in liability
£'ooo
Balance at 1 September 2019
308
New contracts
238
Amounts used to pay fees
(162)
Balan￿ at 31 August 2020
Page 35

Notre Dame School Cobham
Notes to the Financial Statements
for the year ended 31 August 2020
15 The funds of the school
31
August
2019
Transfers
In¢ome Exp8rKliture between
funds
£'ooo
31
August
2020
£'ooo
Restricted funds
Prayer Garden
FOND
26
(25)
Tolal reslricted furKIs
27
45
(25)
47
Unrestricted funds
Fixed assets
8.284
(123)
8,161
Convent Lane repairs
135
20
155
COVID fund
500
Future capitsl projects
1.594
192
1.786
Total design*ed funds
10,013
589
10,602
General fund
750
9.592
{9.253}
(589)
500
Total unrestricted funds
10.763
9.592
(9,253}
11,102
Total funds
10.790
9.637
(9,278)
11,149
The parents, association. Friends of Notre Dame (FOND) operates as a committee under
the auspices of the school. The FOND commrttee's remit is to raise funds for the school
from the current parents and friends of the schoo5 and to detetrnine which projects I
requests from the school Y￿11 be supported. The FOND fund comprises amounts raised by
the cornmittee which have not yet been spent.
The designated fixed assets fund represents unrestricted funds retained to finan￿ the
freehold property and fixed assets. The deS￿nated Convent Lane repair3 fund represents
unrestricted funds set aside to cover the costs of maintaining Convent Lane. The
designated COVID fund represents unrestricted funds set aside to cover costs which were
deferred as a result of the school closure. The designated future capital projects fund
represents unrestrictsd funds earmarked for future caprtal projects.
Page 36

Notre Dame School Cobham
Notes to the Financial Ststements
for the year ended 31 August 2020
15 The funds of the school (continued)
At the end of each year, transfers are made between the fixed assets, futurn capltal
projects, Convent Lane repairs and general funds to reflect changes in fixed assets
during the year and amounts set aside to cover future development plans ar•d repair costs.
The funds of the school for the previous financial year were as follows:
31
Transfers
August
Income Expenditure between
2018
nds
£'ooo
£'ooo
31
August
2019
£'ooo
£'ooo
Rostricted funds
Prayer Garden
FOND
12
42
(28)
26
Total restricted funds
13
42
(28)
27
Unrestrictsd funds
Fixed assets
8,678
(394)
8,284
Convent Lane repairs
135
135
Future capital projects
1.024
570
1,594
Total designated funds
9.702
311
10,013
General fund
750
9.245
(8.934)
{311)
750
Total unrestricted furKIs
10.452
9.245
(8,934)
10,763
Total funds
10.465
9.287
(8,962)
10,790
Page 37

Notre Dame School Cobham
Notes to the Financial Statements
for the year ended 31 August 2020
16 Analysls of net assets between funds
At 31 August 2020, the analysis of net assets betts￿n funds was as follows:
Fixed
Net current
Long temi
assets
a88ets
Total
£'ooo
£'ooo
Restricted funds
Prayer Garden
FOND
46
47
47
Unrestricted funds
Fixed assets
8.161
155
8,161
155
Convent Lane repairs
COVID fund
500
500
Future capital projects
General fund
2.395
(361)
500
(248)
1,786
500
10,711
10,711
639
(248)
(248)
11,102
11.149
Net assels
Al 31 August 2019. the analysis of net assets beiween fijnds was as follows:
Fixed
Net current
Long temi
asset3
assets
liabilities
£'ooo
£'ooo
£'ooo
Totsl
£'ooo
Restricted funds
Prayer Garden
FOND
26
26
27
27
Unrestricted fvnd$
Fixed assets
Convent Lane repairs
Future caprtal projects
General fund
8.284
8.284
135
135
1,600
(6)
902
1,594
750
(152)
(152)
(152)
9,884
9.884
1,031
1.058
10,763
10,790
Net assels
Page 38

Notre Dame School Cobham
Notes to the Financial Statements
for the year ended 31 August 2020
17 Commitments under operating leases
The school is committed to making the following minimum lease payments under non-
Can￿lIable operating leases:
2020
£'ooo
2019
£'ooo
Not later than one year
165
134
Later than one year and not later than five years
More than five years
168
142
Included wrthin the financjal statements are operating lease costs of £134.000 (2019:
134,000)
The school leases Burwood House from the Order of the Company of Mary Our Lady. The
lease ha5 a term of 999 years from 1 September 2002. and the current annual ￿ntaI due
under the lease is £160,000 (2019: £120,000). The school can can￿1 the lease at any time
by giving the Order trtelve months. written noti￿.
18 Pension commitments
During the year ended 31 August 2020, the school participated in the Teachers. Pension
Scheme (llhe TPSJ for ils teaching staff. The pension charge for the year includes
contributions payable to the TPS of £797,000 (2019: £521.000) and at the yearend
£96.000 {2019 - £67,000) was accrued in respect of contributions to this scheme.
The TPS is an unfunded Mutt￿eMploYer defined beneffts pension scheme governed by The
Teachers. Pensions Regulations 2010 (as amended) and The Teachers, Pension Scheme
Regulations 2014 (as amended). Members contribute on a "pay as you go. basis with
contributions from members and the employer being credited to the Exchequer. Retirement
and other pension benefrts are paKI by public funds provided by Parliament.
The employer contribution rate is set by the Secrelary of State following scheme valuations
undertaken by the Govemment Actuarls Departrnent. The most recent actuarial valuation
of the TPS was prepared as at 31 March 2016 and the Valualj'on Report. which was
published in March 2019. confimed that the employer contribution rate for the TPS would
increase from 16.4Yo to 23.60/0 from 1 September 2019. Employers are also required to pay
scheme administration levy of 0.08% giving a totsl employer contribution rate of 23.68%.
The 31 March 2016 Valuation Report was prepared in accordan￿ with the benefrts set out
in the scheme regulations and under the approach specsfied in the Directions, as they
Page 39

Notre Dame School Cobham
Notss to the Financial Statsments
for the year ended 31 August 2020
applied at 5 March 2019. However. the assumptions were considered and set by the
Department for Education prior to the ruling in Ihe 'McCloudlSargeant case,. This case has
required the courts to consider cases regardirvJ the implementation of the 2015 reforms to
Public Service Pensions including the Teachers, Pensions.
On 27 June 2019 the Supreme Court denied the government permission to appeal the
Court of Appeal's judgment that transitiork31 provisions introduced to the reft)tmed pension
schemes in 2015 gave rise to unlawful age discrimination. The government is respecting
the Court's decision and has saFd it V￿11 engage fully wtth the Employment Tribunal as well
as employer and member representatives to agree how the discrirninations will be
remedied. A consultation was launched by the govemment on 16 July 2020, and closed to
responses on 11 October 2020. As a result of the consultation, the govemment announced
on 4 February 2021 that it intends to proceed with a deferred Choi￿ underpin under which
members will be able to choose either legacy or reformed scheme benefits in respect of
their Servi￿ during the period between 1 Poril 2015 and 31 March 2022 at the point they
become payable.
The TPS is subject to a cost cap mechanism which was put in place to protect taxpayers
againsl unforeseen changes in scheme costs. The Chief Secretary to the Treasury. having
in 2018 announced thal there would be a review of this cost cap mechanism. in January
2019 announced a pause to the cost cap mechanism following the Court of Appeal's ruling
in the Mccloudlsargeant case and until there is certainty about the value of pensions to
employees from April 2015 onwards. The pause was lifted in July 2020 and the government
is preparing to cornplete the cost control element of the 2016 valuations, vthich is expected
to be completed in 2021.
In view of the above rulings and decisions the assumplions used in the 31 March 2016
Actuarial Valuation may become inappropriate. In this s￿nario, a valuation prepared in
accordance with revised benefrts and surtably wised assumptions would yield different
results than those contained in the Actuarial Valuation.
Until the consultation and the cost cap mechanism review a￿ completed it is not possible to
conclude on any finanoal impact or future changes to the contribution ratss of the TPS.
Accordingly no provision for any additional past benefit pension costs is included in these
financial statements.
Following a consultation. the school withdrew frorn the Teachers. Pension Scheme on 31
December 2020.
Page 40

Notre Dame School Cobham
Notes to the Financial Statements
for the year ended 31 August 2020
19 Reconciliation of cash flows from operating activities
2020
£'ooo
2019
£'ooo
Net Income for the year
359
325
Adjustments for:
Depreciation charges
350
519
Interest from investments
(28)
(26)
Decrease in debtors
30
10
Increase l (Decrease) in creditors
238
(17)
Net cash provided by operating activities
949
811
20 Analysis of cash and cash equivalents
2020
£'ooo
2019
£'ooo
Cash in hand
2,298
2.498
Total cash and cash equlvalents
2,298
2,498
Page 41