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2025-08-31-accounts

REGISTERED COMPANY NUMBER: 01036833 (England and Wales) REGISTERED CHARITY NUMBER: 529540

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

CUNDALL MANOR LIMITED

Fortus Audit LLP Equinox House Clifton Park, Shipton Road York Yorkshire YO30 5PA

CUNDALL MANOR LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 August 2025

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Page
Report of the Trustees 1 to 12
Report of the Independent Auditors 13 to 16
Statement of Financial Activities 17
Balance Sheet 18
Cash Flow Statement 19
Notes to the Cash Flow Statement 20
Notes to the Financial Statements 21 to 32
Detailed Statement of Financial Activities 33 to 34
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CUNDALL MANOR LIMITED

REPORT OF THE TRUSTEES For The Year Ended 31 August 2025

The Trustees present their annual report and financial statements for the year ended 31 August 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note note 1 to the financial statements and comply with the School's governing document, the Companies Act 2006 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 published in October 2019.

The terms Trustee and Governor are used interchangeably depending on the context and refer to the same individuals as are listed as Trustees in the reference and administrative details on pages 10-11.

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CUNDALL MANOR LIMITED

REPORT OF THE TRUSTEES For The Year Ended 31 August 2025

OBJECTIVES AND ACTIVITIES

Objectives and Activities

The School is a co-educational school. It is predominately a day school offering weekly and flexi boarding. The School comprises the following:

Purpose

Cundall Manor School exists to provide a happy, safe and stimulating environment where every child is valued and achievements are celebrated. The School maintains an inclusive and nurturing ethos which promotes self-worth, develops confidence, and instils good judgement so that every pupil is able to reach their full potential.

Vision

The Trustees believe that a happy child develops confidence and resilience. At Cundall Manor School, pupils are nurtured and inspired by teachers who deliver outstanding learning experiences. Pupils are encouraged to explore their creativity, supported to take risks in their learning, and to take pride in their achievements and each other.

The School’s vision is that pupils will emerge as confident, caring, intelligent and independent young adults, well prepared to take on the challenges and opportunities of the modern world.

Values

The School’s values underpin all aspects of School life and guide how pupils learn, behave and interact within the community. Pupils are encouraged to be:

As such, a Cundall Manor education will aim to;

Provide a first-class character-based education which ensures that every Cundall pupil emerges at 16 as a confident, caring, self-aware and independent young adult, ready to take on the challenges of the world.

Embrace the opportunities provided by the stunning rural campus in North Yorkshire and create a safe and supportive environment where pupils maximise their potential.

Ensure that every child is nurtured and encouraged to develop confidence and resilience through exceptional learning experiences which allow them to explore their creativity and be supported to take risks in their learning.

Provide an exceptional character-shaping co-curriculum involving the creative and performing arts, sport and outdoor education.

Educational and Pastoral Approach

The founder, Harry Beckhough, established the school to produce young people of character who were able to solve the problems life presents and the school continues to thrive with that aim as a primary purpose.

Today, the School delivers a holistic, character based education, balancing academic rigour with creative, physical and personal development.

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CUNDALL MANOR LIMITED

REPORT OF THE TRUSTEES For The Year Ended 31 August 2025

Every opportunity (in academic lessons, in assemblies, through the PSHE programme and during enrichment activities) is taken to reinforce to our pupils the benefits of developing key life qualities such as resilience, kindness and confidence. The ‘Character Curriculum’ is represented to pupils and parents in a diagram with academics at its heart.

Outdoor learning is integral to the School’s ethos, pupils are encouraged to play outside (regardless of most weather conditions) during break times and they have daily opportunities to take part in supervised games as part of our curriculum and also our enrichment programme. Pupils also enjoy the ‘Wild Wood’, and camp out in the school tepees and bell tents. Caring for the school chickens has proven to be a rich educational and pastoral activity for some.

The academic curriculum is reviewed annually to ensure that it is fit for purpose in each phase. Staff receive an annual appraisal and are encouraged to undertake CPD. There is careful analysis of pupil performance using data such as GL Assessment’s CAT 4 test.

The co-curricular programme provides a multitude of opportunities in sport, drama, music and outdoor education. From Year 3 to Year 11, each child has the opportunity to undertake a residential trip or tour each year. All pupils in Year 9 undertake the Duke of Edinburgh Bronze Award. In Year 10 they can then take the Silver Award. The school community supports a number of charities on an annual basis.

Pastoral care is outstanding. Every pupil has a form tutor, a Head of House and a Head of Phase. There is a very experienced Learning Support Department and a School Counsellor is on site to provide an extra tier of support. The Designated Safeguarding Lead and the Safeguarding team are well trained. A pupil council meets regularly to discuss ideas with senior members of staff.

Every effort is made to ensure that parents and guardians are well informed about their child’s progress and they are encouraged to be proactive in the life of the school and attend school events through the FOCM (Friends of Cundall Manor).

The Trustees consider that these objectives and activities directly further the School’s charitable purposes and provide clear public benefit.

Strategic Objectives for the Reporting Period

During the year ended 31 August 2025, the Trustees’ strategic priorities were to:

The Trustees gave due regard to Charity Commission guidance when determining these priorities.

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CUNDALL MANOR LIMITED

REPORT OF THE TRUSTEES For The Year Ended 31 August 2025

OBJECTIVES AND ACTIVITIES

Significant Activities Undertaken During the Year

During the year ended 31 August 2025, Cundall Manor School remained firmly committed to delivering its distinctive character based education, underpinned by strong academic provision, extensive co curricular opportunities and high quality pastoral care.

Leadership and Operational Strengthening

Mr Simon Weale took up appointment as Headmaster on 1 January 2025, bringing significant whole school leadership experience from the within the UK and overseas most recently as Director of Bishop Cotton School in India and previously as Headmaster of Shebbear College, Devon.

Key operational functions, including Finance, Marketing and Admissions, were strengthened to support the effective management and informed strategic decision making.

Independent Schools Inspectorate (ISI) Inspection

During the year ended 31 August 2025, the School underwent a full Independent Schools Inspectorate (ISI) inspection in November 2024 under the revised inspection framework.

The Trustees were delighted to report that the inspection confirmed the School met all applicable regulatory standards in every inspected area, representing the highest possible outcome under the current ISI reporting structure.

The inspection highlighted:

Academic Outcomes

Academic outcomes were a notable strength, the 2025 GCSE results placed the school as the top performing independent school in North Yorkshire for Attainment 8 . Attainment 8 measures the average academic performance from eight government-approved GCSE subjects. Offering a broader and more balanced picture of GCSE performance.

The number of the highest grades (9s) achieved doubled compared to 2024, while the proportion of top grades (7-9) rose sharply to 42% from 30% in 2024.

The overall pass rate reached 87%, significantly above the national average.

The average Cundall Manor grade had a value added score of 1.1, meaning that each Cundall Manor pupil achieved a grade which on average, was at least more than one full grade higher than the most likely outcome projected by a National data survey (CAT4).

Co Curricular and Enrichment

Sport remained at the heart of School life, particularly hockey, with pupils selected for county and national representation and success achieved at major tournaments. The School also enjoys notable success in cricket, netball and rugby.

All KS2 and KS3 pupils undertook residential outward bound trips. Year 8 pupils summited Ben Nevis and walked a stretch of the Cleveland Way; Year 9 pupils sailed in Cowes and completed the Duke of Edinburgh Bronze Award; Year 10 pupils progressed to Silver awards.

International experiences included a longstanding language exchange with Edelweiss School in Valencia, and a French immersion visit to Château de la Baudonnière in Northern France.

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CUNDALL MANOR LIMITED

REPORT OF THE TRUSTEES For The Year Ended 31 August 2025

OBJECTIVES AND ACTIVITIES

Creative and performing arts flourished with a major annual art exhibition, a diverse musical programme and a highly successful senior School production. International opportunities included residential trips, language exchanges and cultural visits, enriching pupils’ global awareness.

Charitable Fundraising

Pupils participated in a range of charitable fundraising activities supporting organisations including Children in Need, Macmillan, Cancer Research, Red Cross, Comic Relief, Just Be, and Just Mercy, raising £1,231 during the year. (£2,279 2024)

Financial Strengthening and Resilience

The imposition of VAT on independent school fees along with the removal of business rates relief for independent schools charities taken together with the significant increase in Employers National Insurance Contributions all imposed part way through the academic year, resulted in short term affordability pressures for the School which was consistent with wider sector experience. In response, the Trustees and Senior Leadership Team took robust and decisive action to realign staffing levels accordingly and undertake a comprehensive review of the School’s cost base.

These measures were implemented responsibly, with priority given to maintaining educational quality, safeguarding standards and pastoral provision. As a result, expenditure has been aligned more closely with projected income and the School’s financial resilience has been strengthened. Updated forecasts indicate a return to a sustainable surplus generating position in future years.

Throughout the year, Trustees have continued to consider the future direction and longer term sustainability of the School, including operational resilience and early preparatory work on reviewing cost structures and staffing levels in anticipation of further sector wide pressures imposed by external economic forces. These considerations informed post year end actions and underpin future plans.

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CUNDALL MANOR LIMITED

REPORT OF THE TRUSTEES For The Year Ended 31 August 2025

OBJECTIVES AND ACTIVITIES

Post-Year-End Developments and Plans for the Future

Although outside the scope of the financial reporting period, the Trustees consider the following matters to be integral to the School’s future planning and long term sustainability.

Curriculum Provision and Quality of Teaching

The Trustees continue to draw confidence from the outcome of the ISI inspection undertaken in November 2024 which confirmed that all applicable standards were met across every inspected area. The findings provide a strong foundation for future development and assurance regarding governance, safeguarding and the quality of a Cundall education.

A key strategic objective for the coming period is to maintain and further enhance the quality and coherence of the School’s curriculum provision, ensuring that it is broad, balanced and designed effectively to support pupils’ learning and development across all year groups. The Trustees will continue to place strong emphasis on the quality of teaching, promoting inclusive and adaptive practice so that teaching typically enables pupils to make good progress from their starting points. Particular focus will be given to ensuring that the needs of all pupils are identified and met, including those with special educational needs and/or disabilities, through appropriate differentiation, targeted support and effective use of assessment. Trustees will monitor how leaders and teachers use their understanding of pupils’ individual needs to inform planning and classroom practice, with the aim that all pupils are consistently supported to achieve well and to develop confidence, resilience and independence in their learning.

Marketing Strategy and Admissions Procedure

Trustees recognise that the imposition of VAT on independent school fees has increased financial pressure on families and has made pupil recruitment and retention more challenging in a competitive and evolving sector. In response, Trustees will continue to focus on ensuring that leaders use clear, accurate and accessible information to communicate the School’s exceptional educational offer, holistic ethos and pupil outcomes to prospective families. The marketing and admissions process will continue to be reviewed to ensure that it is well managed, welcoming and fair, enabling the School to identify pupils who are likely to benefit from the education provided and to make appropriate provision for their individual needs. Trustees will monitor the effectiveness of systems and processes that support admissions, including how information is shared with parents, how pupils’ needs are identified at entry, and how early transition arrangements promote positive engagement and wellbeing, so that pupils are well supported to settle quickly and thrive.

Financial Management and Resource Deployment

The Trustees ensure robust financial management through close and informed scrutiny of expenditure across the School. Trustees will continue to oversee the implementation of clear budgetary controls within all departments, ensuring that resources are deployed efficiently and in line with strategic priorities. Particular emphasis will be placed on ensuring that financial controls and decision making support the continuity and quality of the educational provision, so that prudent cost management does not compromise pupils’ learning, wellbeing or access to a broad and balanced curriculum.

Use of Facilities, Boarding and Additional Income Streams

The Trustees remain committed to the effective management of the School’s resources and opportunities so that facilities are used to maximum benefit in support of pupils’ learning, personal development and preparation for life in a modern society. Trustees will oversee how existing facilities are utilised efficiently, including the development of appropriate lettings during periods of School closure and non teaching time, ensuring that such arrangements are well planned, safely managed and do not detract from pupils’ educational experience. Trustees will also continue to support the effective promotion and development of the School’s boarding provision for current day pupils, alongside the careful formation of partnerships to welcome visiting overseas immersion students. These initiatives are intended to strengthen the School’s financial sustainability while also enriching pupil experience through meaningful opportunities for cultural exchange, language development and wider global awareness.

The Trustees have paid due regard to guidance issued by the Charity Commission when determining the School’s activities.

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CUNDALL MANOR LIMITED

REPORT OF THE TRUSTEES For The Year Ended 31 August 2025

OBJECTIVES AND ACTIVITIES

Capital Investment and Facilities

The Trustees recognise that high quality teaching and sporting facilities are central to delivering educational excellence and supporting pupil wellbeing. Building on recent improvements, the Trustees have committed to the continuation of a planned and phased programme of capital investment in the School’s estate, subject to affordability and financial sustainability.

This programme will focus on the upgrade and refurbishment of teaching classrooms and sporting facilities, ensuring that the School’s estate remains safe, compliant, attractive and fit for purpose. Capital projects will be prioritised, phased and reviewed regularly to ensure alignment with strategic priorities and prudent financial management.

Future Outlook

Updated financial forecasts prepared following post year end actions indicate a return to a sustainable surplus generating position in future financial years. The Trustees are confident that the actions taken, combined with strong leadership and a disciplined approach to investment, place the School on a secure footing for the future.

Public Benefit

In setting objectives and planning future activities, the Governors have given due regard to the Charity Commission's general guidance on public benefit. Public benefit is delivered through:

Pupil Awards and Means Tested Bursaries

To grant annually a number of opportunities to more able and talented children alongside means tested bursaries. The School is always pleased to welcome and support pupils with a significant strength in academic, art, performing arts, music, or sporting ability. In addition, means tested bursaries are made available to parents and members of staff in respect of the fees payable for their children based on the annually reviewed Bursary Policy. Bursaries are reviewed and awarded annually following a forensic appraisal of the family’s personal financial circumstances. The Bursaries committee is devolved from the Finance Committee and comprises a minimum of three Trustees along with one independent panel member who is suitably qualified and remains independent from the daily management of the School. The School's charitable activities are and will continue to be constantly reviewed in the light of national recommendations.

Inclusive education for pupils of mixed ability

To recognise and accept children of mixed ability and to continue to assist children who require learning support.

Community use of facilities including sports pitches, swimming pool and indoor facilities;

To increase the provision of education and the sharing of facilities with the local community, the School makes its facilities available for use by other organisations where these can be accommodated around the School timetable. These have included the use of the school and football pitches by local sporting societies and clubs. Various local businesses, including Brightwater Swimming and Waterbabies, use the swimming pool outside of the School timetable and the school grounds are used for a popular Holiday Club which is open to all children in the local area.

Outreach and engagement with local schools and organisations

To improve links with and share facilities with local schools, the School invites children from other schools to partake in sports events held at the School.

STRATEGIC REPORT

Achievements and performance

Investment powers

Trustees may invest funds as they see fit, subject to any laws in place at the time.

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CUNDALL MANOR LIMITED

REPORT OF THE TRUSTEES For The Year Ended 31 August 2025

STRATEGIC REPORT

Financial review

Financial review

The results for the year are presented on page 17 of the Financial Statements. The total income for the year is £4,594,555 (2024: £5,164,225) and total expenditure of £4,940,239 (2024: £5,379,393). The total deficit for the year is £345,684 (2024: deficit of £215,168).

Reserves policy

The Trustees aim to maintain unrestricted reserves of 7-10% of annual fee income, with a target level of approximately 8.5%, equivalent to around four weeks’ expenditure.

Going concern

The financial statements have been prepared on a going concern basis. The Trustees have reviewed detailed cash flow forecasts and medium term projections reflecting updated pupil numbers, cost controls and post year end staffing realignment.

Following the decisive management action undertaken in 2025, the Trustees are satisfied the School has stabilised its financial position, strengthened resilience and is well positioned to return to sustainable surplus. Preparation of the accounts on a going concern basis is therefore appropriate. As a result of these actions the Trustees anticipate that the year ended 31 August 2026 will deliver a strong improvement in performance and that a return to a material surplus will be achieved in this period. The Trustees also believe that the continued day to day focus on the school's operations will support the further improvement in performance anticipated into 2027.

In reviewing the going concern position the Trustees have also considered the strength of the school's financial position noting that at the balance sheet date the school had tangible fixed assets of £5.5m, net current liabilities of £2.3m which are expected to roll forward as in previous years, and resulting net assets of £3.0m.

Based on the above the Trustees consider that preparation of the accounts on a going concern basis is therefore appropriate for these financial statements.

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CUNDALL MANOR LIMITED

REPORT OF THE TRUSTEES For The Year Ended 31 August 2025

STRATEGIC REPORT

Financial and risk management objectives and policies Risk Management

The Trustees recognise that effective risk management is fundamental to the safeguarding of the School’s pupils, staff, assets and reputation, and to ensuring the long term sustainability of the charity.

The Trustees maintain a formal and comprehensive risk management framework, supported by a risk register which is reviewed regularly by the Governing Body and relevant sub committees. The risk register identifies the principal strategic, operational, financial, regulatory and safeguarding risks facing the School, together with an assessment of their likelihood and potential impact and the mitigating actions in place.

The risk register is reviewed at least annually and more frequently where circumstances require, including in response to external developments affecting the independent education sector.

Individual committees are responsible for the detailed review and monitoring of risks within their respective remits, with escalation to the full Governing Body where appropriate. During the year, particular focus was given to risks arising from economic uncertainty, cost inflation and proposed changes to the taxation of independent school fees.

The principal risks identified and the bodies responsible for their oversight include:

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||| |---|---| |Failure to Govern Effectively|- Governing Body| |Failure to deliver Educational| |Objectives|- Governing Body, Education Commitee| |Failure to Safeguard Pupils|- Governing Body, Pastoral, Wellbeing and Safeguarding Committee| |Regulatory Non Compliance|- Governing Body| |Impact of Economic Climate| |and changes to fee| |affordability|- Governing Body, Finance Committee| |Major Fraud of Financial| |Mismanagement|- Governing Body, Finance Committee| |Reputational Risk|- Governing Body| |Changes to Regulation and| |Law|- Governing Body, Finance Committee|

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Within the overall risk management framework, emphasis continues to be placed on pupil wellbeing and resilience, curriculum development, staff development, robust financial controls and effective management processes to deliver the School Development Plan. These processes are supported by ongoing training and continuous professional development for both staff and Trustees.

The Trustees are satisfied that appropriate systems and controls are in place to mitigate the principal risks identified and that the risk management arrangements remain proportional and effective.

STRUCTURE, GOVERNANCE AND MANAGEMENT Structure, Governance and Management

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Cundall Manor Limited is a charitable company limited by guarantee, incorporated on 3 January 1972 and governed by its Memorandum and Articles of Association as amended on 22 May 2017.

The School is a company limited by guarantee with no share capital (registration no. 01036833) and a registered charity (registration no. 529540). The charitable company’s Memorandum and Articles of Association are the primary governing documents of the School.

The Trustees meet at least quarterly, supported by sub committees. Day to day management is delegated to the Headmaster and Senior Leadership Team.

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CUNDALL MANOR LIMITED

REPORT OF THE TRUSTEES For The Year Ended 31 August 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

Trustees can appoint any nominated person through the nominations committee.

Trustees are selected in accordance with the requirements of the School. As a collective unit the Trustees need relevant skills and experience to enable them to advise on the educational progression of the School, the wellbeing of the pupils and the development of the staff. The Trustees should also collectively have sound financial skills enabling them to monitor the current financial situation of the organisation and also advise on the financial impact of any strategic decisions. Individually a trustee should possess skills and experience enabling him/her to advise on management of people, financial matters, child protection and safeguarding, health and safety, marketing and overall business management.

Our Trustees are drawn from a wide range of professional backgrounds and include experience from within the independent and state education sectors all with the collective and shared objective for the furtherment of the school. Other Trustees include existing and past parents, primarily selected for the range of skills and experience that they bring to the board. All of the Trustees are allocated areas of responsibility within the various sub-committees which include finance, education, child protection & safeguarding, personnel welfare and management, health and safety, site management and maintenance and marketing. Given the personal commitment required to fulfil the role, careful consideration is given to those who volunteer their services providing they meet the criteria above. The School is open to anybody being a Trustee regardless of age, race, religion, disability or gender.

Induction and training is primarily gained by experience of filling the role. However, specific training in certain areas is provided for Trustees to ensure that the Governing Body collectively has the skills required for governance of the School. Training is given to all Trustees annually on Child Safeguarding with identified Trustees being given more in-depth training. Prospective Trustees are issued a briefing pack containing information about the School, the roles and responsibilities of a Trustee and the need to attend training courses and obtain the relevant safeguarding clearance before they can formally be appointed. Following their appointment, they follow a set induction procedure. All Trustees are encouraged to attend training courses and seminars organised by AGBIS and other independent school bodies, Local Authorities, and to visit other similar schools inside and outside the region.

Organisational structure

Ultimate responsibility for the operation of Cundall Manor Limited rests with the Trustees who meet on a regular basis and at least quarterly. In addition, the Governing Body's designated sub committees meet on a regular basis and at least quarterly to review in depth specific aspects of the School within the committee's remit.

The day-to-day management of the School is the responsibility of the Headmaster. The Headmaster is responsible for setting and maintaining the academic standards of the School, developing the School, staff recruitment and for ensuring adherence to financial budgets. The Headmaster also has responsibility for managing the finances and administration of the school in conjunction with the Senior Leadership Team and Trustees.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

01036833 (England and Wales)

Registered Charity number

529540

Registered office

Cundall Manor School Cundall York North Yorkshire YO61 2RW

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CUNDALL MANOR LIMITED

REPORT OF THE TRUSTEES For The Year Ended 31 August 2025

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||| |---|---| |Trustees| |Mrs C Burrows| |Mr S J Kayll|(Resigned 31 August 2025)| |Mr A P Mindenhall| |Mrs R Powell| |Mrs S Sadler| |Miss A Wheatcroft| |Mr D M Willis| |Mr M Hunt| |Mr R Little| |Mr C Pollitt| |Ms S Lynch|(Appointed 26 September 2024)| |Mr P D Land|(Appointed 1 September 2025)| |Key Management Personnel| |Mr S D Weale|(Appointed 1 January 2025)| |Mrs R Powell| |Auditors| |Fortus Audit LLP| |Equinox House| |Clifton Park, Shipton Road| |York| |Yorkshire| |YO30 5PA| |Bankers| |Barclays Bank Plc| |PO Box 456| |25 James Street| |Harrogate| |HG1 1ZT|

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EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Cundall Manor Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees 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 resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

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CUNDALL MANOR LIMITED

REPORT OF THE TRUSTEES For The Year Ended 31 August 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Fortus Audit LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:

........................................................................... Trustee

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CUNDALL MANOR LIMITED

Opinion

We have audited the financial statements of Cundall Manor Limited (the 'charitable company') for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable 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 fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern 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 collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion 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 information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CUNDALL MANOR LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal 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 error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CUNDALL MANOR LIMITED

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The objectives of our audit, in respect to fraud are to identify and assess the risks of material misstatement of the financial statements due to fraud and obtain sufficient 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 suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

Our approach was as follows:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CUNDALL MANOR LIMITED

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.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's 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 auditors' 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.

Jacqueline Godden (FCCA) (Senior Statutory Auditor) for and on behalf of Fortus Audit LLP Equinox House Clifton Park, Shipton Road York Yorkshire YO30 5PA

Date: .............................................

Page 16

CUNDALL MANOR LIMITED

STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 August 2025

Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
5
Provision of education
Ancillary income
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Provision of education
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
21
Other recognised gains/(losses)
Gains on revaluation of fixed assets
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
4,377,523
98,662
34,194
-
84,176
4,594,555
46,191
4,894,048
4,940,239
(345,684)
15,052
-
(330,632)
3,365,626
3,034,994		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
(15,052)
-
(15,052)
15,052
-		 2025
Total
funds
£
4,377,523
98,662
34,194
-
84,176
4,594,555
46,191
4,894,048
4,940,239
(345,684)
-
-
(345,684)
3,380,678
3,034,994		 2024
Total
funds
£
4,999,951
106,609
56,663
1,002
-
5,164,225
90,150
5,289,243
5,379,393
(215,168)
-
1,438,043
1,222,875
2,157,803
3,380,678

The notes form part of these financial statements

Page 17

CUNDALL MANOR LIMITED

BALANCE SHEET 31 August 2025

Notes
FIXED ASSETS
Tangible assets
13
CURRENT ASSETS
Stocks
14
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one
year
17
NET ASSETS
FUNDS
21
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
5,463,611
59,538
294,016
33,802
387,356
(2,729,166)
(2,341,810)
3,121,801
(86,807)
3,034,994		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-		 2025
Total
funds
£
5,463,611
59,538
294,016
33,802
387,356
(2,729,166)
(2,341,810)
3,121,801
(86,807)
3,034,994
3,034,994
-
3,034,994		 2024
Total
funds
£
5,459,887
67,396
210,902
16,474
294,772
(1,933,823)
(1,639,051)
3,820,836
(440,158)
3,380,678
3,365,626
15,052
3,380,678

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Trustee

The notes form part of these financial statements

Page 18

CUNDALL MANOR LIMITED

CASH FLOW STATEMENT For The Year Ended 31 August 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
Proceeds from/(repayment of) borrowings
Repayment of bank loans
Interest payable
Payment of finance leases
New finance leases entered into
Net cash used in financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2025
£
(202,756)
(202,756)
(138,946)
14,138
-
(124,808)
5,000
(180,970)
(68,778)
(3,454)
29,400
(218,802)
(546,366)
(656,385)
(1,202,751)		 2024
£
44,017
44,017
(121,302)
-
1,002
(120,300)
(10,000)
(164,763)
(58,024)
(6,754)
-
(239,541)
(315,824)
(340,561)
(656,385)

The notes form part of these financial statements

Page 19

CUNDALL MANOR LIMITED

NOTES TO THE CASH FLOW STATEMENT For The Year Ended 31 August 2025

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Interest received
Interest payable
Decrease in stocks
Increase in debtors
Increase in creditors		 2025
£
(345,684)
135,222
(14,138)
-
68,778
7,858
(83,112)
28,320		 2024
£
(215,168)
144,657
-
(1,002)
58,024
4,695
(16,299)
69,110
Net cash (used in)/provided by operations (202,756) 44,017
2.
ANALYSIS OF CHANGES IN NET DEBT
At 1.9.24
£
Net cash
Cash at bank and in hand
16,474
Bank overdraft
(672,859)		 Cash flow
£
17,328
(563,694)		 At 31.8.25
£
33,802
(1,236,553)
(656,385) (546,366) (1,202,751)
Debt
Finance leases
(524)
Debts falling due within 1 year
(199,076)
Debts falling due after 1 year
(383,670)		 (25,946)
(142,700)
318,670		 (26,470)
(341,776)
(65,000)
(583,270) 150,024 (433,246)
Total
(1,239,655)		 (396,342) (1,635,997)

The notes form part of these financial statements

Page 20

CUNDALL MANOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 August 2025

1. CHARITY INFORMATION

Cundall Manor Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Cundall Manor School, Cundall, York, YO61 2RW.

In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The charity’s registered office and the nature of the charity’s operations and principal activities are stated in the Trustees' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with the School's governing document, the Companies Act 2006, 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) (issued in October 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

The School is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the School.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the School’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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The Trustees consider that there are no critical accounting estimates and judgements in the years ending 31 August 2025 and 31 August 2024.

Going concern

At the time of approving the financial statements, the governors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.

The Trustees have reviewed detailed cash flow forecasts and medium term projections reflecting updated pupil numbers, cost controls and post year end staffing realignment.

Following the decisive management action undertaken in 2025, the Trustees are satisfied the school has stabilised its financial position, strengthened resilience and is well positioned to return to sustainable surplus. As a result of these actions and based on assessment of the current and forecast trading performance the Trustees anticipate that the year ended 31 August 2026 will deliver a strong improvement in performance and that a return to a material surplus will be achieved in the period. The Trustees also believe that the continued day to day focus on the school's operations will support the further improvement in performance anticipated into 2027.

In reviewing the going concern position the Trustees have also considered the strength of the school's financial position noting that at the balance sheet date the school had tangible fixed assets of £5.5m, Net current liabilities of £2.3m which are expected to roll forward as in previous years, and resulting net assets of £3.0m.

continued...

Page 21

CUNDALL MANOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2025

2. ACCOUNTING POLICIES - continued

Going concern

Based on the above, the Trustees consider that the preparation of the accounts on a going concern basis is therefore appropriate for these financial statements.

Income

School fees represent charges for the School for the year less bursaries and allowances given.

Donations are included in income when they are received. Other income is accounted for on a receivable basis.

Advanced fees

Where the School has received tuition fees in advance the amount is treated as deferred income.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Expenditure are included in the Statement of Financial Activities on an accruals basis. Expenditure that can be directly attributed to charitable activities have been included under ‘direct costs’. Expenditure that cannot be directly attributed to charitable activities is included in ‘support costs’ and allocated on an appropriate basis.

Fundraising

Fundraising for the School is recognised in the accounts when the School is entitled to the money. Any fundraising for a particular purpose is recognised as a restricted donation. Fundraising for other organisations is excluded from the accounts as the School is not entitled to the income.

Leases

Finance lease

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Employee benefits

Retirement benefits

The School participates in a defined benefit pension scheme but is unable to identify its share of the underlying assets and liabilities (see note 22 for more details). In accordance with the Charities SORP therefore, the scheme is accounted for as a defined contribution scheme. The School also contributes to a defined contribution pension scheme. The pension costs charged to the statement of financial activities are the total contributions payable to the schemes in respect of the accounting period.

Termination benefits are recognised immediately as an expense when the School is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

continued...

Page 22

CUNDALL MANOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2025

2. ACCOUNTING POLICIES - continued

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Only fixed assets costing £500 or more are capitalised at cost.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property 50 to 200 years straight line Fixtures, fittings and equipment 15% on cost straight line/ Portacabins 10% on cost straight line Motor vehicles 25% on cost straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on income and gains falling within section 478 of the Companies Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Cash and cash equivalents

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Financial instruments

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and recognised when the company becomes a party to the contractual provisions of the instrument.

Basic financial assets

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount net or any trade discounts due.

Basic financial liabilities

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. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

School trips

The School organises a number of trips for pupils to broaden their education and recharges the cost plus an administration fee as disbursements and includes the income as income from charitable activities.

continued...

Page 23

CUNDALL MANOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2025

3. OTHER TRADING ACTIVITIES

Fundraising events
4.
INVESTMENT INCOME
Interest receivable
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Gross school fees
Provision of education
Total bursaries, grants and
allowance
Provision of education
Uniform sales
Ancillary income
Other income
Ancillary income
After school club income
Ancillary income
Rental income
Ancillary income
6.
RAISING FUNDS
Raising donations and legacies
Advertising
Other fundraising costs
7.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Provision of education
3,611,063		 2025
£
34,194
2025
£
-
2025
£
4,944,209
(566,686)
45,414
4,741
9,695
38,812
4,476,185
2025
£
27,907
18,284
46,191
Support
costs (see
note 8)
£
1,282,985		 2024
£
56,663
2024
£
1,002
2024
£
5,601,940
(601,989)
50,945
12,616
7,477
35,571
5,106,560
2024
£
46,801
43,349
90,150
Totals
£
4,894,048

continued...

Page 24

CUNDALL MANOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2025

8. SUPPORT COSTS

----- Start of picture text -----
|||||| |---|---|---|---|---| |Other|Premises|Governance| |costs|costs|costs|Totals| |£|£|£|£| |Provision of education|606,876|661,169|14,940|1,282,985|

----- End of picture text -----

During the year the charity paid audit fees of £14,940 (2024: £13,622), accountancy fees of £3,517 (2024: £3,912), payroll fees of £5,288 (2024: £6,057), and general financial advice fees of £1,000 (2024: £nil). All costs are shown inclusive of VAT up to 31 December 2024 when the charity became VAT registered and costs after this date are exclusive of VAT.

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Audit fee|14,940|13,622| |Depreciation - owned assets|135,222|144,657| |-| |Surplus on disposal of fixed assets|(14,138)|

----- End of picture text -----

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

11. STAFF COSTS

----- Start of picture text -----
|||| |---|---|---| |Employment costs|2025|2024| |£|£| |Wages and salaries|2,427,619|2,709,608| |Social security costs|268,747|271,907| |Other pension costs|484,935|518,250| |Staff restructuring costs|26,000|112,352| |Casual wages|32,186|22,905| |3,239,487|3,635,022|

----- End of picture text -----

The average monthly number of employees during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |Teaching|60|66| |Domestic|9|12| |Administration|10|12| |79|90|

----- End of picture text -----

continued...

Page 25

CUNDALL MANOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2025

11. STAFF COSTS - continued

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£60,001 - £70,000
£90,001 - £100,000		 2025
1
-
1		 2024
-
1
1

The total paid to key management personnel during the year was £208,488 (2024: £289,823).

The total amount of staff restructuring costs during the year, which were limited to statutory redundancy and payments in lieu of notice, was £26,000 (2024: £112,352). At the year end £nil staff restructuring costs were included in accruals (2024: £36,083).

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Charitable activities
Provision of education
Ancillary income
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Provision of education
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
Other recognised gains/(losses)
Gains on revaluation of fixed assets
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
4,999,951
106,609
-
1,002
5,107,562
46,801
5,289,243
5,336,044
(228,482)
74,558
1,438,043
1,284,119
2,055,590
3,339,709		 Restricted
funds
£
-
-
56,663
-
56,663
43,349
-
43,349
13,314
(74,558)
-
(61,244)
102,213
40,969		 Total
funds
£
4,999,951
106,609
56,663
1,002
5,164,225
90,150
5,289,243
5,379,393
(215,168)
-
1,438,043
1,222,875
2,157,803
3,380,678

continued...

Page 26

CUNDALL MANOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2025

13. TANGIBLE FIXED ASSETS

COST
At 1 September 2024
Additions
Disposals
At 31 August 2025
DEPRECIATION
At 1 September 2024
Charge for year
Eliminated on disposal
At 31 August 2025
NET BOOK VALUE
At 31 August 2025
At 31 August 2024		 Freehold
property
£
5,918,821
57,037
-
5,975,858
705,314
68,566
-
773,880
5,201,978
5,213,507		 Fixtures
and
fittings
£
1,620,473
48,409
-
1,668,882
1,378,303
59,975
-
1,438,278
230,604
242,170		 Motor
vehicles
£
233,494
33,500
(192,559)
74,435
229,284
6,681
(192,559)
43,406
31,029
4,210		 Totals
£
7,772,788
138,946
(192,559)
7,719,175
2,312,901
135,222
(192,559)
2,255,564
5,463,611
5,459,887

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £4885 (2024 - £3063) for the year.

Motor vehicles
14.
STOCKS
Stocks
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments		 2025
£
28,615		 2025
£
28,615		 2024
£
385
2025
£
59,538
2025
£
47,965
30,973
215,078
294,016		 2024
£
67,396
2024
£
58,308
26,796
125,798
210,902

continued...

Page 27

CUNDALL MANOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2025

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans and overdrafts (see note 18)
Other loans (see note 18)
Hire purchase (see note 19)
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
Accrued expenses
17.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 18)
Other loans (see note 18)
Hire purchase (see note 19)
Accruals and deferred income
18.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Bank loans
Other loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Other loans - 1-2 years		 2025
£
1,578,329
-
4,663
217,977
135,354
41,820
678,406
72,617
2,729,166
2025
£
-
65,000
21,807
-
86,807
2025
£
1,236,553
341,776
-
1,578,329
-
65,000
65,000		 2024
£
856,935
15,000
524
351,791
60,341
-
514,431
134,801
1,933,823
2024
£
338,670
45,000
-
56,488
440,158
2024
£
672,859
184,076
15,000
871,935
338,670
45,000
383,670

The mortgage is repayable over 10 years from 18 April 2008 and expires on 2 May 2028, it had a year end balance of £191,690 (2024: £256,577). The interest rate is 2% over base rate. The bank loan is repayable over 10 years from 3 November 2016 and expires on 9 November 2026, it had a year end balance of £150,085 (2024: £266,169). The interest rate is 2.3% over base rate.

continued...

Page 28

CUNDALL MANOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2025

19. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Net obligations repayable:
Within one year
Between one and five years
Within one year
Between one and five years		 Hire purchase contracts
2025
2024
£
£
4,663
524
21,807
-
26,470
524
Non-cancellable
operating leases
2025
2024
£
£
54,030
32,329
125,713
63,858
179,743
96,187

During the year the charity recognised operating lease payments of £32,329 (2024: £30,261) as an expense.

Obligations under finance leases relates to a finance lease which is secured over the asset held under the agreement.

20. SECURED DEBTS

Borrowings of £341,776 (2024: £522,746) are secured on the charitable company’s freehold land and buildings and a fixed and floating charge over all current and fixed assets of the company.

21. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Friends of Cundall Manor
Ball Committee
TOTAL FUNDS		 At 1.9.24
£
3,365,626
5,052
10,000
15,052
3,380,678		 Net
movement
in funds
£
(345,684)
-
-
-
(345,684)		 Transfers
between
funds
£
15,052
(5,052)
(10,000)
(15,052)
-		 At
31.8.25
£
3,034,994
-
-
-
3,034,994

continued...

Page 29

CUNDALL MANOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2025

21. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
4,594,555
4,594,555		 Resources
expended
£
(4,940,239)
(4,940,239)		 Movement
in funds
£
(345,684)
(345,684)

Comparatives for movement in funds

Net
Transfers
movement
between
At 1.9.23
in funds
funds
£
£
£
Unrestricted funds
General fund
2,055,590
1,235,478
74,558
Restricted funds
Friends of Cundall Manor
13,898
5,119
(13,965)
Ball Committee
34,187
8,195
(32,382)
Capital donations
11,620
-
(11,620)
Summer ball donation
18,988
(24,299)
5,311
Wellbeing unit donations
456
-
(456)
Swimming pool changing rooms
23,064
-
(23,064)
Small donations
-
(1,618)
1,618
102,213
(12,603)
(74,558)
TOTAL FUNDS
2,157,803
1,222,875
-
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
Gains and
resources
expended
losses
£
£
£
Unrestricted funds
General fund
5,107,562
(5,310,127)
1,438,043
Restricted funds
Friends of Cundall Manor
27,268
(22,149)
-
Ball Committee
29,395
(21,200)
-
Summer ball donation
-
(24,299)
-
Small donations
-
(1,618)
-
56,663
(69,266)
-
TOTAL FUNDS
5,164,225
(5,379,393)
1,438,043		 At
31.8.24
£
3,365,626
5,052
10,000
-
-
-
-
-
15,052
3,380,678
Movement
in funds
£
1,235,478
5,119
8,195
(24,299)
(1,618)
(12,603)
1,222,875

Friends of Cundall Manor - this relates to funds raised by Friends of Cundall Manor and which had not been spent at the year end.

continued...

Page 30

CUNDALL MANOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2025

21. MOVEMENT IN FUNDS - continued

Ball Committee - this relates to funds raised by the Ball Committee and which had not been spent at the year end.

2024 only restricted funds

Capital donations - this relates to monies received for the purchase of capital items.

Summer ball donations - this relates to funds received for the summer ball.

Wellbeing unit donations - this relates to monies recieved for the well-being unit.

Swimming pool changing room donations - this relates to monies received specifically restricted to the swimming pool changing room works.

Small donations - this relates to funds raised by Friends of Cundall Manor for non-capital items.

Transfers between funds

Cundall Manor Ltd (FoCM) - This represents money raised in conjunction with the Friends of Cundall Manor for the school. The transfer represents the funds being reclassified from restricted funds to designated funds in the year.

22. EMPLOYEE BENEFIT OBLIGATIONS

The pension cost charge represents contributions payable by the School to the funds amounted to £484,935 (2024: £518,250). There was £41,820 (2024: £84,409) outstanding to the pension scheme at the year end (including amounts collected from the employees).

23. RELATED PARTY DISCLOSURES

During the year no Trustees (2024: none) received remuneration nor expenses (2024: none) for services provided to the charity.

During the year S Kayll, the wife of trustee S J Kayll, received remuneration of £763 for admin services provided to the charity (2024: £2,669).

Included in the staff costs of £3,239,487 are costs of £105,180 for three individuals; D Thyne, F Thompson and J Little, who are close family members' of trustees C Burrows, A P Mindenhall and R Little, (2024, £103,640 for D Thyne and F Thompson, and S Kayll, close family member of trustee S J Kayll). The salary and overall reward package has been approved by the governing body on an arms length basis in accordance with the trustees' policies on retention and reward. This employment is in accordance with all of the terms and conditions of the employment contract with the governing body. The sums involved comprises gross salary, national insurance and pension payments.

continued...

Page 31

CUNDALL MANOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2025

24. POST BALANCE SHEET EVENTS

Since the reporting end date, the September 2025 pupil intake has exceeded the budgeted pupil roll on which the going concern assessment was based.

This non-adjusting event after the reporting period is expected to have a positive effect on the School’s future income and financial position.

Following the deficits reported in the years ended 31 August 2024 and 31 August 2025, the management accounts for the seven month period ended 31 March 2026 confirm that the School returned to a surplus, and the Trustees expect this improved performance to continue for the remainder of the year ending 31 August 2026.

25. MEMBERS

The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member.

Page 32

CUNDALL MANOR LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 August 2025

INCOME AND ENDOWMENTS
Other trading activities
Fundraising events
Investment income
Interest receivable
Charitable activities
Gross school fees
Total bursaries, grants and allowance
Uniform sales
Other income
After school club income
Rental income
Other income
Gain on sale of tangible fixed assets
VAT reclaimed
Total incoming resources
EXPENDITURE
Raising donations and legacies
Advertising
Other fundraising costs
Charitable activities
Tutorial staff costs
Domestic staff costs
Catering
Casual wages
Laundry and cleaning
Telephone and postage
Printing, stationery and adver tising
Academic and school requisites
Music and sport
Classroom rental
Travelling and motor expenses
Uniforms
After school club expenditure		 2025
£
34,194
-
4,944,209
(566,686)
45,414
4,741
9,695
38,812
4,476,185
14,138
70,038
84,176
4,594,555
27,907
18,284
46,191
2,643,209
213,762
408,664
32,186
84,754
9,302
41,274
66,841
10,471
2,412
51,180
42,521
4,487
3,611,063		 2024
£
56,663
1,002
5,601,940
(601,989)
50,945
12,616
7,477
35,571
5,106,560
-
-
-
5,164,225
46,801
43,349
90,150
2,924,736
263,957
342,712
22,905
64,242
18,071
45,224
66,541
14,327
4,642
104,606
43,470
5,198
3,920,631

This page does not form part of the statutory financial statements

Page 33

CUNDALL MANOR LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 August 2025

Support costs
Other costs
Administration staff costs
Depreciation
General expenses
Financial costs
Legal and professional fees
Premises costs
Rates and water
Insurance
Light and heat
Repairs and maintenance
Hire of equipment
Freehold property depreciation
Swimming pool expenses
Governance costs
Auditors' remuneration
Total resources expended
Net expenditure		 2025
£
350,330
66,655
35,917
82,175
71,799
606,876
105,470
38,062
129,596
236,424
76,615
68,567
6,435
661,169
14,940
4,940,239
(345,684)		 2024
£
423,424
77,627
72,965
70,584
83,258
727,858
56,212
35,537
144,107
262,364
51,575
67,030
10,307
627,132
13,622
5,379,393
(215,168)

This page does not form part of the statutory financial statements

Page 34