Charity Registratlon No. 1105085 Company Registration No. O 5063879 (England and Wales) MUNTHAM HOUSE SCHOOL {LIMITED BY GUARANTEE) GOVERNORS. REPORT AND CONSOLIDATED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) CONTENTS Page Govemors, re (ncorporating the Slrategic ReFQrt) Statement of Govemors. responsibli ities 14 Independent auditors. report 15 Consolidated statement of fjnancial activities 19 Summary income and expeIlture account 20 Consolidated bala£ sheet 21 School balan sheet Cash Ilow statement 23 Notes to th8 accounts
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS. REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 INTRODUCTION I was honoured to be elected as Chainnan of the school's board of governors in July 2024, following the resignation of rny predecessor, John Knightley, who has moved away from the South-east. The school community is considerably injohn's debt for hts dedicated and in5ighrful service as Chairman since the end of 2019, a period made harder in its initial part by the Covid pandemic, through which he and the principal successfully guided the school. We are fortunate that John is willing to continue a5 3 governor for the present. so that we may continue to benefrt from his experien and enthusiasm. I'd also like to thank Peter Higgins, who retired from the board of governors at the end of the summerterm, after 22 years, service. Regularly seen talking to parents atthe end of term events, Peterfs Wisdom and support will be missed throughout the school. Durlng the year, we also 5adty lost Barry Jones, whose death during the year deprived the board of another long-5eNing governor and former vice-chairman. Following elections in autumn term 2024. we welcomed Christopher Benton asthe newteachergovernorandthanked Laura Hofton for herwork in that role previously. Earlier in the year, we also welcomed Roger Kemptothe board. His manyyears of experience in primary special needs education will be of great Value to us. It was particularly pleasing that on the very day of my appointment, Ofsted completed its most rent short education inspection of Muntham, reporting informally to the governors and principal that the school, alreadv rated 'good', might be considered 'outstanding' if a full inspection was carried out. Thi5 assessment has subsequently been formally confirmed and is a Just reflection of the amazing effort which the whole school team puts in every day to provide a personalised and supportive education- in the widest sense-for our boys. Under former Ofsted practice, we would have expected a full inspection within the next two years, which we are confident would have confirmed that rating. However, the regime has now changed, and the single rating Is no more. We are, though, ready to shine in whatever new form of reporting is used at our next inspection. We also received, forthe fifth inspection in succession dating backto 2018, an 'oUtstandIn rating in Ofsted's annual care inspection of our boarding facilities, for which are thanks are due to all our care staff, especially for all those early mornings and late evenings. The role of the governors is primarily one of strategic oversight. We do not manage the school on a day-to-day basis, rather we support the principal and his senior management team to develop the school in a strategic lonE-term direction planned and agreed with us beforehand. This is implemented via the school development plan which the principal and his team present to us early each school year. Most governors support one partlcular part of the school, maybe an age group, or a whole school aspect such as care and welfare or sport. By our regular presence in the school, we can see the excellent teaching and care in attion and identify where any extra support mlght be required. We welcomed the appointment of five dedicated assistant heads duringthe year, one foreach key-stage in our boys, school journey. And we look forwardtothe next major development atthe school, which isthe expansion of 'Muntham College,, the'brand name of our excitlng and innovative post-16 education offering. Projections show a considerable growth in demand at this age group, and we are supporting major expenditure on the repurposing of no-longer needed workshop space into new classrooms to facilitate this. None of this could be done without the skill, dedication and enthusiasm of Mr Anderson our Principal, Mr Barnes our Deputy Principal and Head of Education, Mr Clayton our Head of Care, and all their teams, whom the governors once again wish to sinre1¥ thank. Mike Kipling, Chair of Governors
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE} GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 PRINCIPAL'S REpoKr This year has been another very successful year for puplls and staff at Muntham House School. Pupils have been provided with a wonderful education and care experien and the staff team have been fully supported In their training needs to develop their prartice. One Learning Support Assistant has achieved Qualified Teacher Status {QTS). which has been funded and fulty supported by the School. Another Learning Support Assistant has achieved 3 2.1 in the Degree in Primary Education and is now on the school's training programme to become a qualified teacher. The school was inspetted by Ofstedforour social care inspettion in Februarythisyear and once again achleved an Outstandinggrade in all areas. Thi5 IS the frfth consecutive Outstandinggradin& which is unprecedented In the school's history and reflectsthe high level of provision pupils receive atthe school. Ofsted Outstanding Provider Attendance has maintained consistently hlgh across the year, with an average of 98.01% attendance across the school. Thi5fi8ure is higherthan that of otherspecial schools and some mainstream schools. This proves how much pupils enjoy being at school and rarely miss a day. A number of residential trip5 have been organtsed for pupils in orderto develop their self-confidence and self- esteem. These residentialtrips have also been extremelybeneficial in developing relationships between pupils in each group and between the staff and pupils across the groups. This year, pupils sailed to the 151e of Wight on a subsidi5ed trip through the Tall Ships Charity. None of these pupils had any prior sailing experience; the charity provided each wlth complete training and all nesSary sailing equipmentforthe journey.
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 As part of the Duke of Edinburgh programme, pupils completed the Three Peaks challenge, climblng the three highest mountains in the United Kingdom. A group of 8 pupils with Auttsm climbed Ben Nevis in Scotland, Scafell Pike in the Lake Districtandsnowden in Wales. Thi5 was an extreme challenge forall pupils with autism, however, one in which they all successfully completed. Achieving a Three Peaks medal each for thelr achievements alongside the Duke of Edinburgh Silver award. This group of pupils on are track to achieve the Gold award which will involve a visit to Buckingham Palace to receive and celebrate thelr achievements.
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Battle of the Bands took place at the school, which Is our regional musiccompetition for pupils to take part in and compete againstotherschools. This event isfreeto enter and helps encourage and develop pupils, muslcal ablllty. Bands and individual performersfrom fwe other5pecial schools attended this event, which was a great success. Munth3m House School 15 the only special school to organise an interschool music cornpetltion for special school5. Muntham House School has continued to provide Therapy and counsellTng for complex pupils at four local secondaryschools and four local primary schools. This service is provided at no costto the schoolsand enables the school to support local schools in helping with the national mental health crlsis and the lack of support for pupils in mainstream education. Thefeedback received from pupils, theirfamilies, and other schools has been exceptional. Outstanding outcomes have been achieved with all pupils passlng their GCSE or BTEC examinations: this becomes more significantwhen consideringthe Starting point of pupils when they joined the school and where most pupils were preditted not to be able to have been able to reach the level of GCSE after failing their Key Stage 2 SATS, let alone take the examinations and pass. Once again, all pupils leaving the school last year went on to further education or full-time employment. This is the third year in a row in which the school has produced 0% NEET INot in Employment, education or other trainlngl pupils. Considering the educational profile and history wlth which pupils join the school, this truly is an Outstanding Outcome achieved by the hard work, dedicatlon and Skill of our 5tsff team. Harry Anderson, Principal
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARArEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT GOVERNORS, OFFICERS AND ADVISERS Michael Kipling {Chairman from 20"July 2024) + th John Knightley {Chairman until 20 July 2024) + Christopher Benton {Teacher Governor) {started 4 October 2024) Bartholomew C311aghan + Jonathan Copeland (Local Authority Governor) + lan Davies + Daniel Farnfield (until 7 February 2024) Stephen Fisher + Martin Fuller + th Peter Higgins {until 10 July 2024 Laura Hofton (Teacher Governor) + (until 30 September 2024) th Barryjones (until 6 October 20231 Harvey Jones + Roger Kemp + {5tarted 20 March 20241 Tracey Kirk Ivice-chairman) + Angela Luff (Staff Governor) + rh th Jim Martin + (started 27 March 2024 and resigned 24 September 2024) Michelle Wright IParent/Guardian Governor) + Conforming to best practice as recommended by DfES (para 7. Circular 14.99 refers) + Registered Director of Muntham House School at year end For management and administrative purpose5, the Trustees are constituted as a Body of Governors who conduct and manage the school in accordance with the provisions of the Mernorandum and Articles of Association. The following are the members of sub-committees denotes Chairman of each sub committee Education Tracey Kirk lan Davies Christopher Benton Roger Kernp John Knightley Flnance/Estates Jonathan Copeland Martin Fuller Harvey Jones Michael Kipling
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARAKfEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Personnel Michael Kipling Bartholomew Callaghan Jonathan Copeland Tracey Kirk Care & Welfare 'Bartholomew Callaghan (arting Chair) Steve Fisher Martin Fuller Angela Luff Michelle Wright Health & Safetyfeatures as an agenda itern on each sub committee Safeguarding features as an agenda item on each sub committee OFFICERS The School Principal, Harry Anderson. is an exofficio member of all sub commTttees. Prlncipal Head of Finance / Company Secretary Harry Anderson Daniel Jones Other members of the Senior ManagementTeam Head of Education Head of Care Andrew Barnes Laurence Clayton ADVISERS Auditors TC Group, The Courtyard, Shoreham Road, U pper Beedin& Steynin& West Su55ex, BN44 3TN Bankers Lloyds TSB Bank. 37 High Street, Billingshurst, West Sussex, RH14 9PS Solicitors Charles Russell LLP, Buryfields House, Buryfields, Guildford. Surrey, GU2 4AZ Insurance Brokers Hettle Andrews & A550ciates Limited, 11 Brindley Pla, 2 Brunswick Square, Birmingham, Bl 2LP The Muntham House School Governors and Directors present their annual report (including the Strategic Report) for the year ended 31 Au8USt 2024 togetherwith the consolidated accounts for the charity. The accounts comply with the requirements of the Companies Act 2006, the Charities Art 2011. the Memorandum and Articles of Association and Accounting and Reporting by Charitles: Statement of Recommended Practice applicable to charities preparing their attounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 20191.
MUNTHAM HOUSE SCHOOL {LIMITED BY GUARANTEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 REFERENCE ANDADMINISTRATIVE INFORMATION Charity Number 1105085 CompanyNumber 05063879 DCSF Number 938/7003 OFSTED Number 126154 Registered Address Barns Green, Horsham. West Sussex. RH13 ONJ Status of School Residential non-maintained special school complying wlth the requirements of the Department of Education underthe Education Act 1981. Governors and Executive Officers are as listed on pages 5-6. Particulars of the Charitys PrDfessional Advisers are given on page 6. The school holds approval as a non-maintained special school within the meaning of the relevant Education Atts including recent 20Q8 regulations. The school is registered to accommodate some 122 children ranging from key stage I0t0 key stage four. The school has a separate Post 16 unitwhich can accommodate 12 boarders and also has provision for daystudents. The school has a wide range of educational and recreational facilities, and provide5 a high staff to pupil ratio. Children are referred to the school by a number of local authorities listed by the size of the cohort from each authority-_ West Sussex County Council Surreycountycouncil Essex County Council Wokingham Borough Council Hampshire County Council The Royal Borough of Kingston upon Thames The London Borough of Enfield The London Borough of Richmond & Wandsworth Brlghton & Hove City Council The London Borough of Croydon GOVERNING DOCUMENT5 Muntham House School was founded in 1953 by the then Ministry of Education and National Foundation for Educational Research and is registered as a charity under number 306352. The school was incorporated in 2004. The School is now governed by its Memorandum and Articles of Association dated 4 March 2004. GOVERNING BODY Detalls of the Governing Bodyand its constituentsub-committees are shown on pages 5-6.
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARAKfEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 RECRUITMENT AND TRAINING OF GOVERNORS The Charitls elected Governors are appointed at a meeting of the Board on the basis of: eligibility, personal competence, specialist skills and local avallability. There isoneTeachingStaff Governorrepresentative and one Non-teaching Staff Governor representative, both elected byfellowstaff members. One Governor representing ParentslCarer5 of boys at the School is a member of the Board, as 15 a governor appointed by West Sussex County Council. New Governors are inducted into the workings of the Charity, including Board Policy and Procedures by a mentoring process supervised by the Chairman. Strateglc planning sessions are held on a regular basls, and Trustee Training delivered by specialist organisations is available to all Governor5. POLICY FOR sEING PAY FOR SENIOR MANAGEMENT TEAM Muntham House School has non-maintained status and as such follows the protocols on pay which are agreed for mainstream special schools. In this they implement the nationally agreed pay and condition5 policies annually updated by the t . With regard to ancillary workers the school follows the pay Euidelines from the National Joint Council. Its application to senior managers Is the same therefore as mainstream practice and is negotiated through national performance managementprocesse5and professional responsibilitygrades withln the agreed national pay policy frameworks. ORGANISATIONAL MANAGEME[ Muntham House School Governors, as the trustee5 of the Charity, are legally responsible for the overall management and control of the School and meet at least four times a year. The work of monitoring the implementation of their policies is carried out by the various sub-committees who normally meet prior to each meeting of the full Board. In addition, the Finan¢e/Estates sub-comrnittee have two meetings in which budgets are approved, and the audited accounts and annual reportfinalised priorto recommendation to, and approval by, the full Board. The day to day running of the School is delegated to the Principal supported by a Senior Leadership Team. The Principal or a member of the Senior Leadership Team attends meetings of all commwttees. GROUP STRucfuRE AND RELATIONSHIPS The Charity is the trustee of Muntham House School Trust a subsidiary charlty {No: 1105085 -11 and, a5 such, holds the title to land and buildings valued at £1.65 million as an endowment fund. All of the other assets of Muntham House School Trust were transferred to Muntham House School on l April 2004. Thecharity had a wholly owned non-charitablesubsidiary, Muntham House Enterprises Limited. This company has been inactive since 2018 and is now dosed. Muntham House School artively supports the attainment of the highest standards in the Non-maintained Special Schools sector, partly through networking with other special schools and partly through peer group studies for the evaluation of quality and improvement methods. We also interact with many local organisations and mainstream schools in our ongoing endeavouKS to widen public acce55 to the expertise that we can provide in the field of Behaviour Management. RISK MANAGEMENT- INCLUDING PRINCIPLE RISKS AND UNCERTAINTIES The Board of Governors is responsible for the managernent of the risks faced by the School. Detailed conslderations of risk are considered by all Governors assisted bythe Principal and Senior Management Team of the School. Risks are identified, assessed and controls established throughoutthe yearwith a formal review
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 of the Charivs risk management processes undertaken on an annual basis. Key controls used include: Formal agendas for all Committee and Board activity Detailed terms of reference for all Committees Comprehensive strategic planning. budgeting and management accounting Established organisational strurture and lines of accounting Formal written policies Clear authorisation and approval levels Vetting procedures as required by law for the protection of the vulnerable. Governors are satisfied that the major risks identified through the rlsk management processes have been adequately managed where necessary, whilst recognising that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed. The Governors considerthe principal risks and UnrtaIntieS facingtheschool and plotthem on a matrix against impart and likelihood in a process owned by the Finance/Estates Committee of the Board. The last 2023-24 risk matrix is presented below: MHS Risk Matrix-April 2024 muTrm HOVSX SCFIOOL drknts relFxf•5 knr '.ATT2¥ Low Impact High Impatt For each a risk mitigation plan is in place and the matrix reviewed twtce per year. The overall risk landscape feels more uncertain than it did 12 months ago. This is true at both the macro level Iglobal econcmic factors. a new government in the UK facing fisca I pressures, alre8dy announced legislation for 2024 and potential further legislation) and at the micro level (staff recruttment, staff retention and suitabilrty of boys being referred). The school ha5 been successful in managing costs to keep fee increases to a minimum and this 15 we ho e and believe reflected in a ood relationshi with authorities. At ear end
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 there was sti51 uncertainty about teaching and non-teaching stsff pay awards but the settlements reached by central and local government sin then (which the school adopts) are within expectations. Monitoring and planningforthese is part of the school risk management approach. WHISTLE BLOWING POUCY This policy outllnes the school's commitmentto tackling fraud and otherforms of malpractice and treats this Issue seriously. The school recognises that some concerns may be sensitive and has therefore developed a system which allows for confidential raising of concerns wrthin the school environmenL OBJEcfivES AND AcfiviTIES SAFE CARING HAPPY CHARITABLE OBJECTIVES Muntham House School supports young people with challenging behaviours linked to Autism, ADHD, Mental and Emotional Health. Oursafe, caringand happy communityworks with familiesand local servicesto improve the quality of lrfe for these remarkable young people and theirfamilies. The school has the equivalent o* 116 full time staff (2023 comparator 94) in teachin& care, administrative and ancillary posstions and an exit level of 116 (123 headcount). AcfiviTIES FOR THE YEAR At the start of the 2023-24 year, we stated in our objectives for the year were much less centred on the investment and building of infrastrutture around the school but more focused on the development of good prartlce within the school. This turned out to be very much the case with many of the achievements being reported in the Ch3ir of Governor and Principals reports. One of the core principles at Muntham as part of oursafe, Caring, Happy objectives required us to build a standalone classroom for a boy whose EHCP needs could not be met in a classroom environment and we were proud to be able to respond to this need so quickly. We were also proud to be able to improve our curriculum offering and continue with the rolling programmeto maintain the safety and quality of our school envlronment. io
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 OBJEcfivE5 FOR THE COMING YEAR For 2024-25 the main infrastructure change we are planning is surrounding the expansion of capacity in our Post 16 offerlng to accommodate the boys who will transition (subject to funding) from Main School to Post 16. This will involve the re-purposing of an existing space to provide additional classroom space. Preparatory work for this, including the replacement of the roof on the building, has been complete and work will tske pla in the summer holidays at the end of the academicyear. Other priorities fortheyearfocus on minor irnprovement projects around the stte, a feasibility study into solar power on site and the continuous development of staff to support the excellence of our offering in Education and Care, It was confirmed in the October 2024 Budget that the sthool is in scope for VAT from l January 2025. The school has made preparation5 for this and is now VAT registered and well prepared to manage the implementation havinE completed the process of reviewing all income and expense items on a line by line basis. Communication with Local Authoritie5 has been completed and training planned forthe changes needed to the school accounting system. STRATEGIES TO ACHIEVE THE YEAR'S OBJECTIVES Every year we plan our strategiesto achieve our aimsthrough the School Implementation Plan (SIP). This plan provides a description of developing assets and provision to meet the needs of the School's mission, based on our long term aims which are to match, or better, local and national provision for students with social. emotional and mental health dtfficulties {SEMH), and become the ntre of expertise for the region in such provision, The SIP is a year-on-year action policyto achieve the twin strategic aims of the school community. ENVIRONMENT ¥w8(tsJ Overthe comingyears it is planned to growthis section of the report as Environmental impacts become 2 more and more critical and integrated part of the strategy of the school. utility C02 output {kgl Elettricity as ept 21-Aug 22 7.680 10,052 15,227 21 pt22-Aug23 4,189 10,049 16,107 22 ept 23- Aug 24 9,550 10,420 17,514 1, 191 108,675 Diesel Petrol OTAL 113,580 101.067 oys nten51ty C02kg/Boy 103 112 124 1,102.7 76.4 Carbon efficiency has increased year on year in the sthool driven mainly by the expanding number of boys in school. Increasingly carbon considerations are being incorporated into decision making and the school is planning a 501ar pa nel feasibility study in 2024-25. li
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS, REPORT {INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 PUBLIC BENEFIT The trustees have had due regard to guidance published by the Charity Commission on public benefit The school aims to meet the special educational needs of boys Iranging from key stage one to key stage five) who have emotional. behavioural and soaal difficulties. Muntham House School is recognised as a leader in thefield of Special Needs Education (Behavioural and Social Difficulties), and, as such, provides high quallty education and care to boys referred by Local Education Authoritie5 {listed on page 7); and gives support to theirfamilies and carers. FINANCIAL REVIEWAND RESULTS FOR THE YEAR Muntham House's principal funding comes from fees charged to Local Education Authorities and from grants from the DfE. Charitable donations and Grants make up the other sources of income with a small contribution from activities such as rental income. This year we are grateful to the continuing support of Belmer Rush Foundation Trust who support the school every year and allow so many new facilities for our boys to be 5UPPOrted. There were 116 boys on roll at the end of the fTnancial year (compared to 112 the prior year) with further expanslon in the Infant provision with the addition of the second classroom building. The financi31 results fortheyear show a net surplus (before pension revaluation) of £168k (£363k in prior year for the 17-rnonth prlor financial year, £256k pro rata) reflecting the continued prudent financial management of the school and reinvestment of money into the school for improvement projects in line with the charitable objectives of the school. The school surplus has reduced forthe last fouryears reflecting the Inability of the school to offset inflationary input Costs with fee increases from local authorities. RESERVES POUCY The School Governors have set a Reserve5 11 which operates with a maximum level of reserves {based on the cost of clossng the school's liabilities with the exception of LGPS exit liabilities in a wor5t-case scenario) and a minimum level of reserves (based on operatingwith no income for a period of six rnonths). At the end of the yearthe following reserves were held: Endowment reserves made up of land and buildings wlth a gross value of £1,650,000 less accumulated depreciation of £208.845, a net of £1,441,155 which is held in the subsidiary charity Muntham House School Trust Icharty number 1105085-1) Designated reserves of £170.iX)0 Set aside for the investment in Post 16 facility Improvements. Restricted reserves stood at £66,175 (2023: £29,771) made up of un-spent Pupil Premium grants carried over the year end. Unrestricted reserves {calculated before penslon deficit) rose to £3,030.597 (£2,652,377 in prior year) of which £2,851,402is attributable to the school and £179,195 to the Muntham House School Trust. This represents 76% of the maximum reseNes and 127% of the minimum reserves. 12
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS. REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS SO far as the governors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 20061 of which the company's auditors are unaware, and each governor has taken all the steps that they ought to have taken as a governor in order to make themselves aware of any relevant audit information and to establish thatthe companrfs auditors are aware of that Information. POST BALANCE SHEEf EVENT No events of significance to report post the balance sheet date. This report. including the Strategic Report, w35 approved by the board of Governors of Muntham House School and signed on their behalf by- Signed M Kipling, Chair of Governors Signed J Copeland, Governor 13
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) STATEMENT OF GOVERNORS. RESPONSIBILITIES The Governors. who are also the rfirectors of Muntham House Schoot for the purpose of company law, are responsible for preparing the Govemors, Report (Incorporaknng the Strategic Report) and the acccunls in accordan with applicatAe law and United Kingdom Accwnting Standards (United Kingdom Generally Attepted Accounting Practi). Company law reqUIS the Govemors to prepare a¢xounts for ead) finarKia period whith gNe a true and fair view of the stste of affairs of the tharity and group and of the incoming resources and application of resources. induding the income and exp8ndilLre. of the tharitable axnpany and the group for that period. In preparing Ihese accounts. the Govemors are required to: - S81ect suitable accounting p0cleS and Ihen apply them consistently; - observe the methods and principles in the Charifres S¢3RP: - make judgements and estimates that are r&qsonable and prudent. and prepare the a¢counts on Ihe going conrn basis unless it is inappropriate to preSe Ihat th8 charity will conlinue in operation. The Govemors are responsibte for keeping adequate accourrting rw)rds that disclose wth r8asonable accura at any ts'me the financial position of the charitable company and Ihe group and enable them to ensure that the accounts o)mply with the Companies Act 2(MX. They are also respsibl for safeguarding the assets of the charitable company and the group a1 h&e for takiTrJ reasonable steps for the prevention and det8clion of fraud and other Iegular1tI8$. 14
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF MUNTHAM HOUSE SCHOOL Opinion We have audtt8d the finanaal statements of Muntham House School for the year ended 31 August 2024 on pages 19 to 36. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Acuunting Standards, including Finanaal Reporting Standard 102 The Finanaal Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generalty Accepled Awunting Practice). In our opinion the financial statements= give a true and fair view of the state of the group arKI chaTitsble companls affairs as at 31 August 2024 and of its incoming resour$ and appliOn of reSr, induolrvJ its ino)me and expenditure, for the period then ended. have been properly prepared in accordance with United Kingdom Genetally A(xepted Awunting Practice" and have been prepared in aCcOrdar with the requirements of Ihe Companies Act 2006. Basis for opinion We conducted our audtt in COrdanCe wilh Intemationd Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those slandards are further desuibed in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are indeperKJent of the charitable o)mpaw in accordan with the ethical requirements that are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in a(rdanCe with these requirements. We believe that the audit evidence we have obtained is sufficient appropriate to provide a basis for our opinion. Concluslons relating to going concom In auditing the financial staternents, wè have concluded Ihat the directo¢s use of the going conrn basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectwely, may cast significant doubt on the group or tharttable companls ability to continue as a going concern for a period of at least efve months fM when the financaal statements are authoris8d for issue. Our r8sponsibililies and the responsibilitFes of the director with respect to going cOn(M are described in the relevant sections of this report. Other inforniation The govemors are responsible forlhe other infomiation. The other infarntIOn cornptises the inftirmation included in the govemors, annual report, olherlhan the financial statements and our audttoff s report thereon. Our opinion on the financial statements does nol cover the other information and, except to the extent olhep•iise explicitly stated in our report, we do not express any fomi of assurance condusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing so. consider whether the other inf0mtIOn is matertally inconsistent wilh the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identfy such mater(al inconsistencies or apparent material misstatements, we are reqUId to detemine whether there is a material misstatement in the financial ststements or a material misststement of the other information. If. based on the woth we have perfomied. we conclude Ihal there is a material misstatement of this other infomation, we are required to report that fact. We have nothing to report in this regard. 15
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARArEE) REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF MUNTHAM HOUSE SCHOOL Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on Ihe work undertaken in the course of the audti the information given in the govemors, report (Incorporating the strategic port and the govemorf report) for the financial period for whith the financial statements are prepared is consistent with the finanaal slatements., and the stra18gic retx)rt and the govemors, report have been prepar8d in ac(x)rdance with apFlicable legal requirements. Matters on which we are requlred to rewt by exception In the light of our knoedge and understsnding of the dHritable company and its environment obtsined in the course of the audit. we have not identified material misststements in the strategic report and th8 directors, report. We have nothing to report in respect of the following matters in relation to which the CompleS Act 2C requires us to report to you if, in our opinion- adequate accounting records have not been kep( cr retwns adequate for our audlt have not been rec8iV8d from branch8s not visited by us: or the finanaal statements are not in agreemerrt wilh Ihe aC(Xnting records and retums. or certain disclosures of dire¢tor5' remuneralion specified by law ar8 not made", or we have not receNed all the infomialion and explanations we requi for our aurfrt. Responslbilitios of governorJ As explained more fully in the govemors. responsibiltknes Statement set ¢wt on page 14, the govemors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation ofthe financial statements and for being satisfied that they give a true and far wew. and for such intemal Control as the govemors det8nnine is n8ssary to enable Ihe preparation of financial statements that are free from malerial misststement, whether due to fraud or error. In preparing the financial statements, th8 govemors are responsible for assessing the charitable company's abilty to conts.nue as a going concem, disdosing. as applicable. matters related to going cJ)ncern and using the going Ix)ncem basis of accounting unless the govemors either intend to liquKlate the charitable company or to cease operations. or have no realistic altemative bLrt to do so. Auditorfs responslbllhles for the audit of the financial statements Our objectiV8s are to obtain reasonable assuraTTr about whelher Ihe financial statements as a whole are fre8 from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assuran, but is ncl a guarantee that an audit ndUcted in accordance with ISAS (UK) will aayS detect a material rnisstatement when il exists. Misstatements can artse from fraud or error and are considered material rf, indimdually or in the aggregate, they could reasonabty be expect1 to infiuence the economic decisions of us8rs taken on the basbs of these financial ststemenls. Irregularities, including fraud, are instances of non-compliance with laws and regUlanS. The extent to which our prOdureS are pable of detecting irregularities. indudirs fraud. is detsiled below. A further description of our responsibilities for the audit of the ffinanal statements is localed on the Financyal Reporting Council's webstle at: httpS.'Ifvl.frC.org.uk1our-workIAuditIAudlt-2nassuranc1Standards-and-gUIdanlstandard and-guidan¢e-for-auditorslAuditors-responsibilities-for-audiUDescriptiorFof-auditors-r8sponsitMlthe5-for-audit.aspx. This description fomis part of our audikorfs report. 16
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF MUNTHAM HOUSE SCHOOL Extent to whlch the audlt was considered capable of detectlng irregularities, including fraud The objectives of our audTt. in respect to fraud. are.. to identify and assess the risks of material misstatement of the financial statements due to fraud.. to obtsin suffic4ent appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses. and to respond appropriately to fraud or suspeded fraud iderrtified during the audit. However, the primary responsibility for the prevention and detectron of fraud rests with l)olh those Charged wilh govemance of the entity and its managefflenl. Our approach was as follows.. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial stat8rnents from our general commeraal and wtor experien, and through discussion with the directors and other management (as required by auditing standards), and discussed with the directors and othqr management the policies and procedures regarding Complian with laws and regulations: We identified the following areas as those most likely to have such an effect.. health and safety" General Data Protection Regulation (GDPR)., fraud" bribery and COUptIon. school inspections, keeping ciiildren safe in education and employment law. Auditing slandands limtt the required audit ProdureS to identify non- compliance with these laws and regulalions to enquiry of the trustees and other management and inspection of regulatory and legal corresponden(x. rf any. We considered the legal and regulatory framewofks directly applicable to the financial statements r8pOng framework {FRS 102 and the Companies Act 2006 and Ihe Charities Acl 2011) and the relevant tax complian regulations in the UK" We considered the nature of th8 companyslcharitys operations, Ihe control environment and business performance, inGluding the k8y drivers for managemenfs remuneration: We comrnunicated identffjed l&vs and regulations thrcwghout our tean and remained alert to any indilI0nS of non-compliance throughout the audit., We considered the procedures and controls thatthe ¢ompanylcharity has established to address risks identrfied, or that otherwise prevent, deter and detect fraud., and how senior management monitors those programmes and controls. Based on this understanding we designed our audit prothre$ to identify non-compliance with such laws and regulations. the risk was considered lo be higher, we performed audit procedures to address each identified fraud risk. These procedures IrlUded. testing manual joumals" reviewing the financial statement dtsdosures and testing to supporting documentation. performing analytical procedures,. and enquiring of management, and were designed lo provide reasonable assurance that the financial statements were free from fraud or error. Owing to the inherent limitations of an audit. there is an unavoidable risk that we may not have detected some malerial misstatements in the financial slat8ments, even though we have properly planned and performed our audit in aGcordance with auditing standards. For example, the further removed nonvcompliance wilh laws and regulations (irregularities) is from the events and Iransactions refleGted in Ihe financial stalements, the less likely the inherenlly limited procedures requir8d by auditing standard5 would identfy it. The risk is also greater regarding irregularities 0Urring due to fraud rather Ihan error, as fraud involv8s intentional concealment. forgery, collusion, omission or misrepresentation. We a nol responsible for preventing non-complian and cannot be expected to det8Ct non-¢omF4iance with all laws ar¥d regulalions. 17
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) REPORT OF THE INDEPENDErAUD[fORs TO THE MEMBERS OF MUNTHAM HOUSE SCHOOL Use of our report This report is made solety to the group or charitable company's members. as a body. in aCrdance with Chapter 3 of Part 16 of the Companies Aci 2rTh. Our audit work has been undertaken so that we might stat8 to the charitable company's members those matters we are required to state to them in an auditorfs retM)rt and for no other purpose. To the fullest extent pernitted by law, we do not a(xept or assume responsibility to anyone other than trie charitable company and the charitable companses members as a trx)dy. for our audit work. for this report. or for the opinions we have formed. Mark Cummins FCCA (Senlor Stsljrtory Auditor) for and on behalf of TC Group Statutory Auditors Office: Steyning, West Sussex Dated.. QtQLY. 18
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (12 months) (17 months) Total Total Unre8trictad D8slgnated funds funds Restrfcted Endowment funds funds 2024 2023 Incom• from: Donations 28.675 28,675 114,003 7.264,332 48.615 Investrnent income 114,003 33.563 Charrtable artwits 6,782,041 482.291 9,385,760 Total Income 6,924.719 482,291 7,407,010 9,467,938 Expenditure on: Charitsble activities 6,686,273 ,O¢Xi 445,887 16,5C 7,238,660 9.104.455 Total expondlture Net Surplus Gross transfer behveen fijnds 6,686,273 ,o¢)J 445.887 16,500 7.238,660 9,104,455 238,446 30.QQO {90.000) (30.000) 36,404 116,500) 168,350 363,483 Gainl{loss) on dafined b8nefrt pension schemes Net movement in funds 17 238,000 268,446 (120.000) 36,404 {16,500) 168,350 601,483 Fund balarA$ at 1 September 2023 5,624,958 290,O¢y) 29,771 1,457.655 7,402,384 6.800.901 Fund balances al 31 Augusl 2024 5.893.41]4 170.ofKI 66.175 1,441,155 7,570,734 7,402,384 Surplus attrlbutable to school 184,850 617,983 All of the group's activities other than those identffied above are classified as ntInuIng. There a no recognised gains or losses other than those reported on the Statement of Finala1 Activities. For comparative purposes 2023 is a 17-month period and 2024 15 a 12-month period. 19
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) SUMMARY INCOME AND EXPENDITUREAcc0ur FOR THE YEAR ENDED 31 AUGUST 2024 112 rnonths) 2024 (17 month5) 2023 Gross incne 7,407,010 9,487,938 Total exp8ndiiure from irKome funds (7.222,160) {8.849,955) Net income for the period l yoar 184,850 617,983 The sumrnary income and expenditure ac£ount is derived from the statement of financial activities on page 19 which, together with the notes on pages 24 to 36. provides fun infommtion on the movements during the period on all funds of the chartty. 20
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) CONSOLIDATED BALANCE SHEET ASAT31 AUGUST2024 31 August 2024 31 August 2023 Fixed assets Tangible assets 12 4,319,496 4,430,236 Investment5 13 1,069,897 1,cN)O,000 5.389,393 5,430,236 Current assets Stocks 6.435 7,476 Debtor5 14 195.727 Cash at bank and in hand 29508 2.470,CNJ4 2.696.387 2,673,207 Croditors: amounts falling due within one year 15 (515,046 {701.059) Net curront assets 2.181.341 1.972.148 Total assets less current liabilities 770,734 7,402,384 Total nel assets 7,570.734 7.402,384 Capital funds Endowment fvnds 19 1.441,155 1,457,655 Income funds Restricted fvnds 18 66,175 29,771 Unr8Stricted fijnds.. D8s¢gnated fijnds 170,000 290.000 Revaluation r8seNe (Property) 20 182,045 182,045 Other chariiable fiJnds 20 5,711,359 5,442,913 6,129,579 5.944,729 7,670,734 7,402,384 The accounts We approved by th8 Board on 4 December 2024. M lfjpllng J Copeland Company Registratlon No. O 5063879 21
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) SCHOOL BALANCE SHEET ASAT 31 AUGUST2024 31 August 2024 31 August 2023 Flxed assets Tangible assets 12 2.878.341 2.972,581 Invesknents 13 1.069.897 1,OQJ.QQO 3,948,238 3,972,581 Current assets Stctks 7,476 Debtors 14 95.444 195.727 Cash at bank and in hand 2,54508 2.470,004 2,69Q387 2,673,207 Creditors: amounts falling duo wlthln one year 15 {515.046) (701,059) Net current assets 2,181,341 1,972.148 Tolal assets less cuffent Ilabi5ities 6,129.579 5,944.729 Total net assets 6,129,579 5,944,729 Income funds Restri(*ed funds 18 6&175 29,771 Unrestri¢Xed funds.. Designated funds 170.000 290,000 Other charitable fuThJs 5.893.404 5,624.958 6,129.579 5,944,729 The accounts were approved by the Board on 4th December 2024 M Kipling J Copeland Company Registratlon No. 05063879 22
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024 31 August 2024 31 August 2023 Cash flows from operating aclivities Net incixne for the yéar Adjustmonts for: Deprerialion of tangible ffiXJ ass8ts Transfers within fred assets Investment inccffte Decrea8el{increas8) in stocks Dectsase in debtors IDecrease)lincTease in credito Decrea8e in provisions - (Pension liabilty) 168.350 601.483 12 261.832 297.730 (114003) (33.563} (2,229) 71.629 258,827 14 100,283 (186,013) 15 1238,000} 231.49) 955,877 Cash fl•)ws from Investlng a¢tMlles: Investment inccmne 114.003 33,563 Purchaselmovement of investrnerrts 13 (69.897) {1,0,1)) Disposal of tangtile fixed assets 12 2.163 Purchase of tar¥Jible ftxed assets 12 (151255) (854,385) Net cash provlded by/{usedlnJ investing activities (106.986) (1,820,822) Change in cash and cash equlvalonts In the year 124.504 (864.945) Cash and cash equivalents at tho beginning of the year 2,470,004 3,334.949 Cash and cash equivalerts at tho ond of the year 2.5¥508 2,470,004 Analysis of cash and ca8h equlvalents At1 September 2023 Cash flow Nonryca8h changes At 31 August 2024 Cash al bank and in hand 2.470,C 124,504 2.594.508 2,470,004 124.504 2,594,608 23
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 Statutory infonnation Muntham House School is a charitable LMPanY. limited by guarante8. register8d in England and Wales. The charitable companys registered number and registered Offi address can be found in the Govemors. R8POrt. Accounting poll¢ks 2.1 Basis of preparatlon The finanoal ststements have been pYepare(l in accorrlance with AC)Unting and Reporting by Chartlies: ststement of Recommended Practice appli¢at4e to charities preparing their aunt$ in accordance with th8 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) {effective 1 January 2019) (Charities SORP (FRS 102)). the Finanoal R8ixirting Slandard applicable in Ihe UK and Republic of Ireland (FRS102) and the Companies Act 2(Al6. Muntham House School meets the definilion of a public benefft entity under FRS102. Assets and liabilities are initially recognised at historical cost ortransaction value urless otherwise stated in the relevant accounting policy note(s). After making approptiale enquiries, the trustees have a reasonable expectation that the thartty has adequate resources to continue in operational eStence for the foreseeable ftrture. There are no material uncertainties about Muntham House School's ability to coniinue as a going concern. Th8 financial statements are prepared in sterling. whth is the fvnclional encY of the charity. Monetary amounts in these financlal statements are rounded to the nearest £ 2.2 Group flnancial statsm•nts The financial statements consolidate the results of the tharity and Muntham House School Trust, a linked charity (tharty number 1105085-1), on a line by line basis. A separate Statement of Financial ActNities and Income and Expenditure A¢Unt for the tharity has not been presenled as the ¢hanty has taken advantsge of the exemption afforded by section 408 of the Companies A(* 2006. 2.3 Income Local aulhority fees and other income are included in the FEriod n which the seNice És provided. Investment income is ac£ounted for when receivable. Grants are dited to the Statement of Financial Activibes in the petitsj in which they are receivable unless a granl is subject to donor-imposed conditions that specify the time period in whith the expendrture of the sources can take pla.. in which case they a deferred. 2.4 Expendire Expenditura is accounted for on an a(wal's basi5 with the irrecoverdble element of VAT induded wilh the item to which it relates. Govemance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the audit fees and costs link8d to the strategic management of the charity. These are induded in support costs. All costs are allocated between expendilure categories and deparlments on a basis designed lo reflect the use of the resource. Costs relating to a particular adivity are allocated directly. 24
MUNTHAM HOUSE SCHOOL ILIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies {contlnued) 2.5 Tangible fixed assets and depreciation Tangible fixed assets other than freehold land are staled at cost less depreciation. Depreaation is promded at rates calculated to writ8 off the ¢c6t less estimated residual value of each asset over its expacted useful lif8, as follows.. Freehold land k8 not depreciated Assets currenlty under construdion are nol depreciated. Freehold buildings 1 /0, 2.50/0 and 50A straight line Plant and mathinery 10% and 25% straight line Fixtures. ffttings & equipment Between 7.5% and 33.33QA straight line Motor vehides 33.330A straight line The freehold land and buildings were professionally valued in May 1997. The fair value was determined to be £1.65m which was incorporated into the accounts for the period ended 31 August 1997 and produced an increase in value of £365,000. The charity has adopted the transitional prokisions of FRS 102 to conlinue to treat this value as the deemed cost. The value of the Freehold Land not depreciated is £330,000. Items for educational purposes for pupils lo assist wilh leaming ar8 nol considered to be of a capitai nature and are written off to the Statement of Financial Activities. Other non-educational items of capital expenditure up to £1.(XJO are written off to the Statement of Frnancial Actiwties. 2.6 Leasing and hire purcha80 commitments Rentals payable under operating leases are charged agansl income on a straight line basis over the period of Ihe lease. 2.7 Investments Fixed asset investments are staled at fair vatue, exc6pi investrnents in subsidiary Lmdertakings which are ststed at cost. 2.8 Taxatlon Taxation for the period comprises current and deferred tax. Tax is recognised in the Ststement of Financial Actiwties, except to the extent that it relates to items reCgnIsed in other cJ)mpr8hensive income. Current or deferred taxation assets and liabiltlies are not discounted. Current tax is recognised at the amount of lax payable using the tax rates and IS that have been enacted or substantively enacted by the balance sheet date. 2.9 Deferred tax Defeed tax is recognised in respect of al timing dIfferenS that have originated but not reversed at the balance sheet date. Timing differen¢es arise from Ihe inclusion of income arKI expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substsntively enacted by the period end and that are expected to apply to the ieversal of the liming dtfference. Unrelieved tax losses and other deferred tax assets are recognised only to ihe extent that it is probable that they will be recovered against the reversal of deferred liabilities or other fvture taxable profsts. 25
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 Ac¢ountlng policies l¢ontinued) 2.10 stock Stock is valued at the Iow8r of c))st or net realisable value. 2.11 Cash at bank and in hand Cash at bank and in hand indudes cash and short temi highly liquid invesiments. The Governors seek to US8 short and medium-tenn deposits where possible to maximiselhe retum on monies trEkl at the bankand to manage cash flow. 2.12 Trade and other debtors Trade and other d8btors are reo)gnised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepad net of any discounts due. 2.13 Craditors and provisions Creditors and provisions are recognised where the drity has a present obligation TEsutting from a past ev8nt Ihal wlll probably result in the transfer of tunds to a third party and the amount due to settle the obligation can be measured or estimated reliably. 2.14 Pensions Teaching stsff are members of the Teachers. Pertsion Scheme ffPS), a defined benefrt scheme administered by the Teachers, Pension Agency. Contributions to the Scheme are charged to the Ststement of Financial A¢tivilies as they fall due. The Teac*ers' Pension Scheme is an unfvnded scheme. Contributions on a "pay as you go. basis are credited to the exchequer und8r arrangements govemed by the Superannuation Act 1972. Actuarial valuations are Carried out on a notional set of investments. Under the d8finttions set out in FinancAal Reporting Standard 102. the Teachers. Pension Scheme is a multiemployer pension scheme. The hartty is unable to identify lis share of the underlying (notional) assets and liabilities of the scheme. Accordingly, under Finan(aal Reporting Stsnd¥d 102 the scheme is accounted for as rf it were a defin8d contributions scheme. The charity also conlributes to personal pension schemes for norkteathing staff. induding the Local Govemmenl Pension Sch8me (LGPS) administered by West Sussex County Council. The chartty is able to identjfy its share of the undedying (notional) assets and liabiltlies as detailed in note 17. 2.15 Fund accounting Funds held by tha charty are either. Unrestrided general funds- these are funds which can be used in accordanc with the charitable objects at the discretion of the governors. Designated funds-these are funds set aside by the govemors out of unrestrided general frjnds for spe¢ifi¢future purposes or projects. Restricted funds - these are fvjnds that can only be used for partitxjlar restricted purposes within the objects of the charity- Restrictions arise when swiffied by Ihe dIor or when funds are raised for particular restricted purposes. Endowment fvnds- these are land and buildtng frjnds which f2nnot be sddwilhout Ihe rKiorconsent of the Charity Commission, further delails of which can be found in note 19. Further explanation of the nature and purpose of each fijnd is induded in the notes lo the financial statemènts.
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policias (continued) 2.16 Critical accountlng estimates and judgements In the appli(xtion of the tharity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the Carrying amount of assets and liabilities that are not readily apparent frorn other SoUrs. The estimates and a$slated assumptions are based on histotiixl experien and other factors that are considered to be relevant. A¢iual resulis niay differ frcrn these 8Stimates. Th8 estimates and undertying assumptions a reviewed an ongoing basis. Revisions to accounting estimates are recognised in the period in whith the estwnate is revised. The govemors do not consid81 that the are any crittcal estimates or areas of judgement thal nd to be brought to the attention of the readers of th8 financial statements. Turnover The turnover of the charity is wholly atttibutable to Ihe objectives of the charity as stated in the Govemors. Report and is earned entirely in the UK. Net incomel(expenditure) for the year This is stated after charging: 2024 2023 Operating leases- equipKnenl Depreciation Auditors remuneration (group).. Audit fees- charty Slock exFensed l (purchased} 2,855 261.831 3,684 297,730 15,900 15,660 1,041 (2,229) Taxation Th8 charitable company is registered as a ¢hafty and all of its income falls within the exemptions under Part 11 of the Corporation Tax Ad 2010. 6 Income from donations Unrestricted fund5 Restrfctsd funds Total 2024 Total 2023 Donations and gtfts 1.339 27,336 28.67S 48,615 Donations and glfts Unrestricted funds.. 1,339 6,959 Restrict8d fvnds.. Wlliam Belmer Rush Foundat¥)n Wooden Spo HDC Other 24.629 24,778 16,500 1,872 835 378 27,336 41,65S 27
MUNTHAM HOUSE SCHOOL {LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 7 Income from Investments 2024 2023 Inter8St r8ceivabte 44,106 69.897 114,003 33,563 Gilt interest re[Vable 33,563 Income from charitable activities 2024 2023 Main school fees EEU fees County Assistan- restrithd inc[e L8ss bursaries 6.251.039 683.800 317.684 {22,5741 7.229,849 22.574 11,189 720 7,876,665 1,D73,033 410,960 {65,695) 9.294,963 65,695 15,098 10,004 9,385,760 Net school fees Bursaries 8nd awards from restri¢tgJ funds Rental income Other inccffle 7,264332 Expenditure Staff costs Depreciatson Other ¢¢)sts Total 2024 Total 2023 Chariiable activities Education Education costs 3,961,808 643.605 194,730 545,149 118.559 441,521 129.194 449.393 587,427 24,002 1,631,537 4,521,888 772,799 779,380 1,140.591 24,002 7.238.660 5,439.483 1,C(J6,254 1,257,204 1,359,385 42,129 9,104,455 Care costs Prèmises costs Support ctsts Bursaries frc¥n restricted funds Total Expenditure 135,257 8.015 5.345.292 261.831 Analysis of support costs lincluding Governance costs) 2024 2023 Wages and salaries Legal and professional General Offi and adminFstratton Vehicle and travel Govemance costs: Audit lees 645.149 183.689 316,795 79,058 623.440 203,947 442.576 73.762 15.900 1.140,591 15,660 1,359.385 28
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 10 Governors None of the Govemots (or any persons crnnerAed with them) received any remuneration during the year or received any reimbursement of expenditure for their services as Govemors. 11 Employees Number of employees The average monlhly headcount was 124 staff (2023: 115 staffj and the average mnthly number of full lime equivalent employ8es during the period was: 2024 Number 2023 Number Teaching and other staff 117 Employment costs 2024 2023 Wages and salaries Social securty costs Pension cc6ts 4,292.830 390,872 661,590 5.188,365 478,110 811,278 5.346.292 6,477,753 Staff eaming in excess of £60,OIXJ per annum w) the following baThJs are.. 2024 Number 2023 Number £70,000- £79,999 £120,OLIJ- £129,999 £130,OCNJ- £139,999 Of the employees whose emoluments exceed £60.000. 2 P023: 2) have retiremenl benefits accTuing under defined benefit pension sthemes. Pension contributicS for higher paid employees in the period amounted to £43.981 (2023: £46,007). The employment C05ts for the o)mparatives disdosures atrve have been prorated to 12 month period for 2023. The key management personnel of the charitsble rnpanY MpriSe the Prinapal, Deputy Principal, Head of Care and Head of Finance. The total employee benefits of the key management personnel were £482.653 (2023.. £537,012). The decrease is mainly due to the extended ac£ounting perirxl (17 months in 2023 v 12 monlhs in 2024). Ex-gratia payments were rnade in the year totaNing £46.452 (2023: £nil). 29
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 12 Tanolble fixed assets Land and buildings Plant and Flxtures, ffttlng8 machln•ry & equipment Total Cost At 1 Septemer 2023 Additions 4,686.436 579.277 696,696 5,962.409 109.170 14.9J) 29.155 153.255 Disposals (18,540) 707.311 (18,540) 6,097,124 At 31 August 2024 Depreci81ion At 1 September 2023 Charge for the period Disposals 4.795.606 594,207 762.845 259,617 72.531 509,711 1,532,173 261.832 135,257 {16.377) {16,377) At 31 August 2024 898,102 332.148 547,378 1,777,628 Net Ix)ok value At 31 August 2024 3,89704 262.059 169.933 4.319.496 At 31 August 2023 3,923,591 319.660 186,98S 4.430,236 School tsngible fixed assets Group assets at 31 August 2024 Less Endcwnent fun¢Js 3,897,504 {1,441,155} 26I059 159,933 4319,496 (1.441,1551 2,878,341 School assets at 31 August 2024 2,45&349 262.059 159,933 The school fLYed assets are as above after accounting for the en(kniment assets below: The endowment funds wnslst of Land and Buildings of £1,650,OCKI less depreciation of £208.845 which are held as an endowment and are owned by the linked charity Muntham House School Twst (charity number. 1105085- 1). The endthvment land and buildings were professionally valued in May 1997. The fair value of £1.65m was incorporated into the accounts forthe year ended 31 August 1997 and using the transitional provisions of FRS102 it continues to be treated as the deemed cosL If the land and buildings had not bewl revalued they would be included at thè following hislorical cosl: 2024 2023 Cost 1.285.000 321,120 330.000 1,285,000 311,285 330,QOO Aggregate depreciation Value of land in freehokj land arKI buildiThJs 13 Investments Consolidated School 2024 2023 2024 2023 Gift invesknents 1.069,897 1,069.897 1.000.(M)O 1.000.(M)O 1.069,897 1,069,897 1.000,000 1,000,OC
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 14 Debtors Consofidated School 2024 2023 2024 2023 Trade debtors 15.090 4602 75,752 95,444 128.672 4.057 62,998 195.727 15,090 4,602 7S,752 95,444 128,672 4.057 62,998 195,727 other debtors Prepayments and accrued inc¢Jne 15 Credltors: amounts falling due within one vear Consolidated School 2024 2023 2024 2023 Trade crgjrtors 27,038 112.5CK) 27.038 164,392 137.882 87,668 98,166 112.500 Fees in advance and deferred ino)m8 164.392 137.882 87,568 98.166 325,731 98,454 87.096 325,731 98,454 87,096 77,278 Otrer creditors Taxes and social security costs Accruals arKI defeed inc(Jne 77,278 515,046 701,059 515.046 701.059 Fees in advance and deferred Income Defeffed income ¢otnprises monies rec£ived for the provision of serrfices after the period end. Balance as at 1 septlber 2023 325,731 Amount released to irtome eamed from tharitsble adivities {325.731) Afflount deferred in peric* 164,392 Balance as at 31 August 2024 164,392 Made up as follows.. Fees in advance 164.392 DefeThed income Balan as at 31 August 2024 164,392 31
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 16 Teachers, Pension Scheme The School parti¢ipates in the Teachers. Pension Scheme fthe TPS) for its teaching staff. The pension charge for the period includes contributions payable to the Trs of £378,768 (2023: £391.118) and al the year-end £nil (2023- £nil) was accrued in respect of contributions to this scheme. The TPS is an unfunded multimployer defined benefts penslon stheme govemed by Th8 Teachers, Pensions Regulations 2010 (as amended) and The Teachers. Pension Scheme Regulations 2014 (as amended). Members contsibute on a °pay as you go. basis with cThrtributK)ns from members and Ihe employer being credited to the Exchequer. Retirement and other pension beneffts are paid by public funds prowded by Parliament. The employer contribLrtion rate is set by th8 Secretary of State following scheme valuations undertaken by the Govemment Actuar$ Department. The most recent actuarial va]uation of Ihe TPS wa5 prepared as at 31 March 2020 and the Valuation Report was published in October 2023. Following the Mccloud judgement. Ihe remedy proposed that when benefits become payable, eligible members Can select to r8ceThie them from etlher the refomied or legacy schemes for the period 1 April 2015 to 31 March 2022, The actuaries have assumed that members are likely to choose the option that provides them with the greater benefits, and in preparing the 2020 valuat'on has valued the 'greater valu8. benefits for groups of relevant members. The employ8r contribution rate for the TPS is 28.6%. and employets are also required to pay a scheme administration levy of 0.080/0 giving a totsl employer conlribution rate of 28.68QA. 17 Local Government Penslon Scheme Muntham House School is an admission bcmty of Loc21 Govemment Pension Scheme (LGPS) administered by West Sussex County Counal. The LGPS is a funded defined benefit scheme, with assets held in separate trustee administered funds. Contributions to the schemes are determined by qualrfied actuaries on the basis of triennial valuats.ons using th8 projected unit method. The scheme is a muliimFloyer pension scheme. The total employerfs conlribution made for the period ended 31 Augusl 2024 was £281,257 (2023.. £412,000). The agreed contribution rates for the period ended 31 August 2024 were from 5.5QA to 8.5fr/. for employees and 19. for employers. The following infomation is based upon full actuarial valuations of the funds at 31 August 2024 by qualified independent actuaries for the entire West Sussex Council Pension Fund. The prinopal ¥tuarial assumptions used by the actuaries were as folk)ws: 2024 2023 Discount rate at 31 August 2024 Rate of incwse in pensANps payment Rate of incre?s8 in salaries 5.20 4.15 The post retirement mortality assumptions used to value th8 benefft obligation are based on the Fund'5 Vita Curves with improvements in line with the CMI 2018 model assuming long temi improvements of 1.5tA* p.a. Based on these assumptions, the average fLrture life expe¢lancy of an average male reaching age 65 in 2024 is 22 years. The life expectancy of a female member reaching age 65 in 2024 is projected to be 25.5 years. The expected retum on plans, assets is based on market expectations for investrnent retums over the life of the related obligats'on. 32
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 17 Local Govemnwnt Pension Scheme (continuod) The major categories of plan asset as a percentsge of the total plans, assets, are as follows: 2024 2023 EquoS Bonds Propety Cash 54 32 12 53 31 14 Changes in Ihe Fair Value of Plan Assets, Defined Benefft Obligation Net Asset l (Liability) for year-end 31 August 2024: 2024 eooo 13,195 (7,895) 5.300 2023 £'ooo Fair value of Employ Azsets Present Valu8 of Funded Liabilitie5 Surplus l (Deficit) 11.708 {7,341) 4,367 18 Restrictsd funds The income funds of the Charity indude restricted funds comprising the fouowing unexpended balances of donations and grants held on Irust for specific purposes: Movement In furKf5 Balance at 1 Septemb•r 2023 Balance at 31 August 2024 Inc(m• Expendlturo and transfers William Belmer Rush Foundation Oiher restrict8d donations County Assislance 16 to 19 Bursary Release PE Premium Pupil Premium 24,629 2,707 317,584 22.574 16.370 98,427 482.291 (24,K29) (2,707) {317.584> {24,002) (22.575) (54,390) (445.887) 23.566 6.205 22,138 44.037 66,175 29,771 illiam Belmer Rush Foundation This is a Capital granl Teceived from the foundation. Other restricted donations Donation for utensils to be used in the Food Teth Centre. County assistance This is funding r8ceived from county councils fr)r the provision of one to one special edS teaching assistants for individual pupils. 16-19 Bursary This is funding received from the department specÈfically in respect of bursaries. PE Premlum Funding was recerved from the department to provide spelialist PE and sport support for local schools. Pupll Premium This is funding received from the government to decrease the attainment gap for disadvantaged children, whether by income or by famity upheaval.
MUNTHAM HOUSE SCHOOL {LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 19 Endowrnent funds The funds of the group indude enduwment fijnds includej in the linked charity The Muntham House Sthool Twst {Charity number 1105085-1) which conslilute the folh)wing; Movement in funds Balance at 1 September 2023 Balance at 31 August 2024 Transfers Inwne Expendlture Pomianent Endowments Land and buildings 1,457.655 1,457,655 {16,500) {16.500) 1.441,155 1.441,165 The endowment fund nSISts of land and buildings of £1.650,000 less depre¢iati¢n of £208,845 which are owned by the subsidiary ¢haiity Muntham Hous8 Schocl Trust (charity number. 110508>1). The fair value of the Freehold Land not depreciated is £330,CMXI. Durtng the period depreaation of the buildings amounted to £16,500 (2023: £16,500). 20 Unrestrlcted funds The unrestricted ndS of the charity indude the following: Movement In funds Balance at 1 September 2023 Balance at 31 August 2024 Transfern Inc(m• Expenditure General reserves Designated funds Fair value reserve 5.442,913 290,CMJJ 182.045 6.924.719 {6,686,273} (90.000) 30,000 (30,000) 5.711,359 170,000 182.045 5.914,958 6.924,719 (6.776.273) 6.063.404 The Designated ndS a in respect of fvnds for a Post 16 class of £170,OCQ (2023: £260.C(Ll) and £nil (2023: £30,000) in relation to historical abuse daims. 21 Share capital The charity is a company limited by guarantee and has no share capital. 22 Commitinents under operatlng leases At 31 August 2024 the school had total commitments payable under non-cancellable op8rating leases as follows.. 2024 2023 Wfchin one year Within tsvo to fivé years 2.650 5,933 8.583 867
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 23 Analysts of net assets between fund$ Fund balances at 31 August 2024 are represented by: Restricted funds Designated funds EndOlent Fund Unrestrfcted funds 2024 T¢>tal Tangible fixed assets Current assets Creditors.. amounts fallirvJ due within one year 1.441.155 3.948,238 2,460,212 {515,046) 5,389,393 2,696.387 1615.046) 66,175 170,00) 66,175 170,C(KJ 1.441.155 5.893.404 7,570,734 Fund balances at 31 August 2023 are represented by: Restricted lunds Designated funds Endownent Fund Unrestricted funds 2023 Total Tangible fix&J assets Current assets Creditor5'. amounts fallirvJ due within one year 1.457.655 3.972.581 2.353,436 (701.059) 5.430.236 2,673.207 (701,059) 29,771 290,0 29,771 290,OC(I 1,457,655 5,624,958 7,402,384 24 Related parti•$ During the year J Knightley (Ttustee during the period) was a Trustee of the William Belm8r Rush Foundation. The Foundation awarded a grant of £24.629 to the school in 2024 (2023.. £24,778). 25 Contingent Liability At the balance sheet date the school was involved in potential insurance matters concetning historical events. where the outcome is uncertain and any potentia] liabilitl8s cannot be quantified.
MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 26 Statement of financial acliviiies comparative funds- period ended 31 August 2023 (17 months) Total Unrestrlcted Deslgnated funds funds Restrleted Endenent funds funds 2023 Income from: Donation5 Inveslment inci)me Charitable activi$ Total Incomo 6,959 41.656 48.615 33,563 9.386.760 9.467.938 8.817.598 8.858.120 568.162 609.818 Expenditure on: Charitable activities 8 493.297 8 493.297 364,823 4fK),756 594 658 Total expenditure Net Incomel(expenditure) Gross transfer btheen fvnds Gainlllossl defined benefft pension schemes Net movemenl in funds 594 658 16.500 {16,5Th)) 15,160 4,244 383A83 {405,000) 238.0(Ki 238.0 1,(K)3.579 4 621.379 405.000 695.0 19,404 10.367 16,500 1,474,155 601.483 6 800 901 Fund balan al 1 April 2022 Fund balances at 31 August 2023 5.624,958 2.000 29,771 1,457.655 7A02,384 Surplus attributable to school 617,983