Charity Registration No. 1168316
THE CUMNOR FOUNDATION
TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
THE CUMNOR FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | J Tanner (Chairman) |
|---|---|
| L Banks | |
| C Heinrich | |
| E Turner | |
| O Henley | |
| Charity number | 1168316 |
| Principal address | Cumnor House School |
| London Road | |
| Danehill | |
| Haywards Heath | |
| RH17 7HT | |
| Independent Examiner | TC Group |
| The Courtyard | |
| Shoreham Road | |
| Upper Beeding | |
| Steyning | |
| West Sussex | |
| BN44 3TN | |
| Bankers | Lloyds Banking Group PLC |
| 25 Gresham Street | |
| London | |
| EC2V 7HN |
THE CUMNOR FOUNDATION
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of trustees’ responsibilities | 3 |
| Independent examiner’s report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 - 10 |
THE CUMNOR FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
The Trustees present their Annual report, together with the financial statements for The Cumnor Foundation for the year to 31 August 2025.
The trustees confirm that the accounts comply with the Charities Act 2011, the trust deed, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OUR OBJECTIVES
The objects of the CIO are for the public benefit to promote the education of children by awarding to such persons scholarships, maintenance allowances or grants tenable at Cumnor House School, Danehill, West Sussex, or in such other ways as the charity trustees think fit.
In setting our objectives, trustees have given careful consideration to the Charity Commission’s public benefit guidance.
Bursary policy
The charity makes funds available for families in financial need which are granted on the merits of each case. Bursary awards are important to provide access to the education offered to families who would otherwise not be able to afford the fees of Cumnor House School. Awards are means-tested. During the year the total of awards granted was £159,949 (2024: £193,618).
Community links
The charity reaches out to all the local schools, organisations and community for potential foundation pupils to benefit from the bursary awards available.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Cumnor Foundation is a Charitable Incorporated Organisation and its registered Charity number is 1168316. The charity is governed by its constitution which was signed on 20th July 2016.
The trustees who served during the period were:
James Tanner (Chairman) Linda Banks Christian Heinrich Emma Turner Olivia Henley
The trustees have overall responsibility of the management and control of the CIO and the full Board of Trustees meet at least twice a year. Every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
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THE CUMNOR FOUNDATION
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Risk Management
The trustees are responsible for the overseeing of the risks faced by the CIO. Risks are identified and assessed. The principal concerns for the CIO are:
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Funding. The trustees are aware of the need to continually raise funds to sustain the CIO and its financial support to the Foundation pupils.
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Suitable Candidates. A thorough review process is done to ensure that suitable candidates are chosen.
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Welfare of pupils. The concerns for the Foundation pupil’s welfare and settling in to Cumnor House School together with their family are addressed through a mentoring system by one of the trustees of the CIO.
OUR FINANCES
Financial Review
The financial statements show net outgoing resources for the year of £25,710 (2024: £115,521). The principal source of income is from donations from trustees and others and donations and deposits of Y8 leavers from Cumnor House School.
Reserves Policy
The trustees regularly review the finances, budgets and spend against budget as part of the effective stewardship of the CIO.
The trustees consider that, in the event of a drop in short term funding, they will be able to continue the CIO’s activities while consideration is given to ways in which additional funds may be raised. In order to ensure this is the case, the trustees have set a reserves policy whereby the charity should look to hold free reserves of at least one term’s fees for all pupils which it is due to support in the following academic year. Free reserves totalled £97,238 (2024: £121,073) at the balance sheet date. This report was approved by the trustees at the Board meeting as dated below. James Tanner Chair Chairman se Dated: .........................
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THE CUMNOR FOUNDATION
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The Trustees, who are also the Directors of The Cumnor Foundation for the purpose of company law, are responsible for preparing the Trustees' Report incorporating the Director’s Report) and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
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THE CUMNOR FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE CUMNOR FOUNDATION
Independent examiner’s report to the trustees of The Cumnor Foundation
I report to the trustees on my examination of the accounts of The Cumnor Foundation for the year ended 31 August 2025.
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2025 which are set out on pages 5 to 10.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mark Cummins FCCA FCIE on behalf of TC Group
The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN
Dated: .........................
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THE CUMNOR FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
| Notes | Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Income from: | |||||
| Donations | 3 | 135,884 | 1,000 | 136,884 | 79,455 |
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| Total income | 135,884 | 1,000 | 136,884 | 79,455 | |
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| Expenditure on: | |||||
| Raising funds | 2,645 | - | 2,645 | 1,358 | |
| Charitable activities | 4 | 157,074 | 2,875 | 159,949 | 193,618 |
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| Total expenditure | 159,719 | 2,875 | 162,594 | 194,976 | |
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| Net outgoing resources | (23,835) | (1,875) | (25,710) | (115,521) | |
| Fund balances at 1 September 2024 | 121,073 | 7,223 | 128,296 | 243,817 | |
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| Fund balances at 31 August 2025 | 97,238 | 5,348 | 102,586 | 128,296 | |
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None of the charity's activities were discontinued in the year.
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THE CUMNOR FOUNDATION
BALANCE SHEET
AS AT 31 AUGUST 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Current assets | |||||
| Cash at bank and in hand | 103,966 | 129,546 | |||
| ___ | ──────── | ||||
| 103,966 | 129,546 | ||||
| Creditors: amounts falling due | |||||
| within one year | 10 | (1,380) | (1,250) | ||
| ─────── | ──────── | ||||
| Net current assets | 102,586 | 128,296 | |||
| ──────── | ──────── | ||||
| Net assets | 102,586 | 128,296 | |||
| ════════ | ════════ | ||||
| Total funds: | 12 | ||||
| Unrestricted funds | 97,238 | 121,073 | |||
| Restricted funds | 11 | 5,348 | 7,223 | ||
| ──────── | ──────── | ||||
| Total funds | 102,586 | 128,296 | |||
| ════════ | ════════ |
LA ee 5 fan a The accounts were approved by the Board on ......................... .............................. James Tanner (Chairman) TheJames ackounisTdainero(Chairman) Board an ZEAL Noveintne¢ £0) fad _ Trustee Trustee
Charity number 1168316
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THE CUMNOR FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2025
1 Legal status
The Cumnor Foundation is a Charitable Incorporated Organisation registered in England and Wales. The charity’s registered number and principal address can be found on the legal and administration page.
2 Accounting policies
2.1 Basis of preparation
The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102)).
The Cumnor Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). There are no material uncertainties about The Cumnor Foundation’s ability to continue as a going concern.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound
2.2 Cash Flow Statement
In accordance with Section 7 of FRS 102 the charity is claiming exemption from the requirement to prepare a cash flow statement on account of its size.
2.3 Income
Income represents donations income which is included in the Statement of Financial Activities when the charity is entitled to the income, when the income can be measured reliably and when it becomes probable that the income will be received.
2.4 Expenditure
Expenditure is included in the Statement of Financial Activities on an accruals basis, with irrecoverable Value Added Tax included with the item of expenditure to which it relates.
Grants payable are charged in the academic year that they refer to.
Governance costs comprise the costs of running the charity, including independent examination and accountancy fees and any legal advice for the trustees.
2.5 Accumulated funds
Unrestricted funds are funds which can be used in accordance with the charitable objects at the discretion of the charity.
Restricted funds – Donations, bequests, or incoming resources for which the donor has earmarked for a specific purpose are treated as restricted funds
2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and highly liquid short term investments. The trustees seek to use short and medium term deposits where possible to maximise the return on monies held at the bank and to manage cash flow.
2.7
Creditors & provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
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THE CUMNOR FOUNDATION
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
2. Accounting policies (continued)
2.8 Debtors
Trade and other debtors are recognised at the settlement amount due.
2.9 Critical accounting estimates and judgements
In the application of the charity’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 from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these 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.
The trustees do not consider that there are any critical estimates or areas of judgement that need to be brought to the attention of the readers of the financial statements.
3 Donations income
| Donations income | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Other donations | 136,884 | 79,455 |
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| 136,884 | 79,455 | |
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In 2025, £1,000 (2024: £1,200) of donations was restricted by the donor(s).
4 Expenditure
| 4 | Expenditure | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Charitable activities | £ | £ | |
| Student support | |||
| Grant funding of activities | 159,949 | 193,618 | |
| Support costs (note 5) | 2,645 | 1,358 | |
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| 162,594 | 194,976 | ||
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| In 2025, £2,875 (2024: £3,270) of charitable activities were restricted. | |||
| 5 | Support costs | 2025 | 2024 |
| £ | £ | ||
| Administration costs | 1,255 | 128 | |
| Governance costs (independent examination fee) | 1,390 | 1,230 | |
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| 2,645 | 1,358 | ||
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In 2025, £2,875 (2024: £3,270) of charitable activities were restricted.
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THE CUMNOR FOUNDATION
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
| 6 | Grants payable | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Grants to individuals | 159,949 | 193,618 | |
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| 159,949 | 193,618 | ||
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Grants to Individuals includes funding provided to cover the costs of eight children’s attendance at Cumnor House School (2024: eight).
7 Trustees and related party transactions
In 2025, there was no related party transactions or trustee expense reimbursements. In 2024, one of the trustees (or any persons connected with them) received £7,337 in consultancy fees from the charity, but no expenses were reimbursed.
8 Employees
There were no employees during the year. The entity is managed by the charity’s trustees.
9 Taxation
The Cumnor Foundation is a registered charity (charity number 1168316). All activities are undertaken to fulfil the primary objectives of the charity and are therefore exempt from direct taxation.
| 10 | Creditors | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Accruals | 1,380 | 1,250 | |
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THE CUMNOR FOUNDATION
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
11 Restricted funds
The income funds of the charity include designated funds comprising the following:
| Eddie Jarman Music Fund | Balance at 1 Sept 2024 £ 7,223 7,223 |
Movement in funds Income Expenditure £ £ 1,000 (2,875) 1,000 (2,875) |
Balance at 31 Aug 2025 £ 5,348 5,348 |
|---|---|---|---|
The Eddie Jarman Music Fund is to be used to promote free music lessons and instrument hire to state schools in the locality of Cumnor House School and to benefit families unable to afford music lessons or instrument hire for their children.
12 Analysis of net assets between funds
| Fund balances at 31 August 2025 are represented by: Current assets Creditors: amounts falling due within one year Fund balances at 31 August 2024 are represented by: Current assets Creditors: amounts falling due within one year |
Unrestricted funds £ 98,618 (1,380) 97,238 Unrestricted funds £ 122,323 (1,250) 121,073 |
Restricted funds £ 5,348 - 5,348 Restricted funds £ 7,223 - 7,223 |
2025 Total £ 103,966 (1,380) |
|---|---|---|---|
| 102,586 | |||
| 2024 Total £ 129,546 (1,250) 128,296 |
13 Control
The charity is under the control of the trustees.
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