CIMrity Registration No. 801924 Cornpany Registration No. 2411055{Engl*nd andwalesl Ind, Dare CUMNOR HOUSE SCHOOL TRUST (LIMITED BY GUARANTEE) Governors, Report and Accounts For The Year Ended 31 August 2021
CUMNOR HOUSE SCHOOL TRUST LEGAL AND ADMINISTRATIVE INFORMATION Govemors J L Tarww (Chair) Mrs H D Bastide IDeputy Chair) Mrs S L Bevan R P Boardmart Mrs C Brand Ms N J Cdlins Mrs O J Hatrick S James D J Keenan Ms C E O'conrdl J F A Reynolds Headrnaster F J Lt8wdtyn Charitynumber 801924 Company numb¢r 2411055 Principal address and registered office Danehill HaywardsHeath West Su$sex RH177HT Audltors TC Group The Courtyard Shoreham Road Upper Bee¢thng Steyning West Sussex BN44 3TN Banke Lloyds TSB Bank PLC 90-101 SouthRoad H8yKards Heath RH194ND Sollcltors Cripps LLP 22 Mount Ephraim Tunbr¥Jge Wdls Kent TN8 80S
CUMNOR HOUSE SCHOOL TRUST CONTENTS Governors'report (in¢orporating the Strategic Reporfj Statementof Govemors, rPspOnbl]ttles 11 lndependentauditors'P0rt 12 Statement offinanrAal activit 15 8alan¢asheet 16 Cash Ilowstatement 17 Notes tothe aunt9 18
CUMNOR HOUSE SCHOOL TRUST GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Th8 Govemors of Cumnor House School pre$ent their annual report and audited accounts lor the year ended 31 August 2021. The Govemofs confimi that the annual report and finanaal statements of the Charity comply with the cuThent statutory requirements. the requirements ofthe Charity's 9oveming doeumenl and the provisions of The Charities SORP (FRS 1021 and contains a directorfs report. indufJing the requirement ofa strategic report. a$ requirèd by Company law. OUR AIMS The School operates under a Declaration of Trust dated 3 August 1989 and a scheme that was sealed by the Charty Commissioners for England and WJes on 17 August 1989 that included the regulations for appointment of tftjstees. The policy adopted in further8fi¢e of the ChariiYs obiectsve is to operate a School for Pparatory, Pre- Preparatory 8 Nursery boys and girts aged 2-13 years for up to. but not exceeding, 425 children. There is provisictn for up to 75 boardeys. The School welcomes pupils from all ba¢kgroun(Is and an individual'3 economic status, gender, ethnicity, ra. religion or disabiltty do nol form any part of the admission process. The School motto is 'Aim High. Be Kind. Da to be Drfferent,. The intention is to attain high academic 5tsndards while allowing pupils to build self-confKSence and gain from the extensive extrd-curricul8r activities. This policy is dèsigned lo enable the children to experien a broad education and develop the necessary skills to prepare them for the senior school of their choice. There have been no changes to this policy during the reporting period. OUR OBJECTIVES The Charity's principal objeGtTve is the advancement of edu(3tion an¢J to conduct. Carry on, acquire and develop in the Unrted Kingdom and Europe any boarding or day school or sthools for the education of children of either sex or both sexes. In setting the obje¢Aives and planning activities. the Govemors have considered the Charity Commission's general guid8nce on public benefit and in particular to its supplementary public benefit guidance on advancing education and on fee chargin9. Our objÈ(ives are set to reflect our educational aims and the thos (rfthe School. It is important to us that we fflainta4n arKI enhance the academic SucsS of the School and as such, we outtine our key objectives below. Our key objectives for the year induded= • To continue vthh our broad academic uJfficJJlum. underpinned by te8thrng excellence • To maintain a number of pupils from a broad range of boekgrounds. * To enhance and improve the co-curricular provision for pupils * To continue to develop the pastoral care we provide for pupils . To increase pupil numbers in our Nursery * To provide, financial resources pem)Ftting, continuing support of our pupils already in ceIpt of fee assistance To increase the provision of mearts-tested 100% f¢¢-a$Sted pJ8¢es through the Cumnor Foundation To develop our 'Outreach' programme of co-operation and Joint w01ng wsth local $ts¢e junior schools To play our part in the lrfe of our kKal communty through our communty access and Servi programmes. REvfEW OF ACTIVITIES AND ACHIEVEMENTS Pupll numbers and f••$ Our educational afAivitses a carried out through our Prep. Pre-Prep & Nursery S)1$. Pupil numbers in our Prep School were at 221, induding 75 fv11, weekty and opb-onal iM)arders. The number of pupils at our Pre-Prep School was 75. Nursery numbers. on a Full Time Equivdent basis. were 41. Our fee8 increased by only 1.92% agwn. Our fees forthe ojrrent year before the deduction of any means- tested fee assistsnce were: Pre-Prep- £3,10544.095 per temi Prep School.. Day - £5.180-£6,745 per temi Prep School.. Boarders - £8.035 Ferterm
CUMNOR HOUSE SCHOOL TRUST GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Audemie The 48 pupils leaving from Year 8 in 2021 went on to a rnnge of 13 Senior Schools and won a total of 21 $cholarships. one of our highest lotsls. TheTe We 9 Academio 2 All-Rounder, 4 Sports, 5 Drama. and 1 Music awards. This 18fleds the Schwl's policy of providing a breadth of edu(>b"onal opportunty. cUrricUlar actlvities: Music 20 - 21 has been a challenging year for music. Though we tsught dass music thrTry?t the first lod(down, it was removed in the second one. which was a great shame for the children. Instrumental lessons were all conducted viazoom Ihroughoth both locdowns. wilh great SU$, a h)t more parent81 involvement. and ¢hildren making supert) progfess. During the gjmmef term we wrganised our music groups into year group bubbles, and worked on producing a filmed summer serènade. which we were very prcHJd of. 11 was extrenty not¥x8ble how much progress pupils rnade on indNidual instnjments, from hng more time to practise. Many have managed lo skip 8 grade. This yearwe managed seve1 ¢J)ncerts via zoom when we were at school, and Still managed lo gain one music$¢holarship in drffi¢xll (xroJmstances. We atso treated ajoint production ofmaddin with the drama department, which was filmed, vjhich the children wltyWoed hard to perfom. We are prol of having one child in the National childn'S Orchestra, ar rissn9 ieveLs of musical literacy. particularty among$l our younger pupils, whith are beginr4ng to translate into more children ang instrurrEnts. and achiewng higher Standards. Our 718 Band now has over 20 membets. as thes Senior Orthestra. which reflects the growing numbers of those taking up an instrument. Drama Last year we were Ihrilled forthe retum of many of our productKM$ after retuming to schod last September. The only year group that did have a show vrds year 6 bLrt they will be doing a main produdion in year 7. Although thè year was somewhat aAered by lockdvwn, we were able to perfoTh a combined Year 3 and 4 show I'Project 'Planetl, A fLtrII Year 7 production of 'AEaddin' that ind18 a DVD for the parents an(1 then a production of ShakeS#re's 'TweWth Nighf in the outdoor theatre. All of these productions we managed to pÈrfomi in the Summer term. whi¢h is rernaable. The Drama DepartrrEnt works dosely Mth both the MUSK and Art departments, as well as a variety of support staff and even OLtside directors and choreographèrs. We have also provided a Drama SchoL4rs programmè that supports those Year 8 sludents that are pLinniThJ to apply for Drama Scholarships for fuiure serior schTr)Is. The drnma depart{ uyydinates and prowdes LAMDA Speech and drama lessons for around 140 students across Years 4 to 8. Sport Sport at Cumnorcontlnuestoerornp88¥th¢ motto."Aim High, Be lQnd. Dare to be Orfferenf. We believe that all Cumnor thildren should be acbve. that rN)st will paiticipate enthusÈa$ti¢ally in organised sport, and that some will excel. Sport allows the children to expksre ther capabilities. offering thèm a framework to learn from mistakes whilst knowing they a supported in their own devekpffent. Away from the physi1 improvements and sport-speafic skills, we fo¢us heavily on thwf co-operation. respect, self-di5cipline and self-organisation. These 'lrfe skills, expand the level of success we see through Spon and the experience the children take on lo their senior schools. Sport is split into major artd minor 9ames.' major being the traditional sports we play wularly in inter-school matches such as football. ho¢key, netball. rugby arKI cricket. Our minorgames offering comg in the fom of sports that are offered to all. bul are less wtdety aYed in sch1, such as." $VMming. golf. tennis. sailing, cross-country lo givè a small flavour. We cortinue to whlen the SFrfxts re9ulaty offered in our sports programme. seeking to Slay ahead ol the curve and leaders in ouf localty. P•$toral The Sthool is committed to safeguarding and womting welfare of pupils and staff and thi$ yeaf there has been a major emphasis on enhancing this SUPF4yi in line with new Govemment legislation. Parents are gwen regular information about their children's sla1 and academic prtsaress through parents, evenings in addition to the traditional half terni and end of temi reports. Regular ts)nts(a is maintained with parents throughout the year through infomal conts(as and nertsletters. Older pupils have a Tutor responsibleforpastoral care. Heads ofyèar are the first of call for pastoral issues and concems. Thèsè staff report and liaise di¢lly with the Assistant Head PastOf81. Thère is also an Anty-BiJUw"ng Committee of senior pupil$. Al of this is overseen by thè Board's SafeguardiThJ CommFtl¢e and the School's com8nCe Officer. We were parti(yJl8dy consaous ofpupi13 and staff
CUMNOR HOUSE SCHOOL TRUST GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2021 having to work through COVID, whether iscdaling at home or hang to use remote kaming. and put many extra nwsures in to help. Details of Foe As¥istance and Scholarshlp awards: Fee Assistanc• The Charity makes lunds availae for families and staff in fift8ncAal nee(l. which are granted on the merits of each ¢8$e. Fee Assistance awards a important to provide access to the education offere¢J to familie from a range of backgrounds. many of which would otheThwse not be able to afford the fees. There are three types of fee assistance available from the School-. Foundation Scholarshi s forchildren who currently attend stsle school and are academically gtfted or show outstanding potential in sport, music, art. DT or drama., Hardship Fee Assislan¢e for parents in times of unforeseen finanual hardship.. and Music Scholarships. The school encourages musical excellence 8nd awards scholarships to $¢ rrent chIldn who have passed wf(h distindion at Glade 4 or a pass at Grade S (piano and string instruments) or distindion at Grade 5 or a pass at Grade 6 (brass. wnd instruments. drums and vocaf). Lesson$ must be taken at school. Finanaal support for the means-tested Hardship F•• As5tance is available for parents w for some unexpected reason are unable to afford the stsndard fees. To receive means-tested fee 85515tsnce. parents will have to demonstrate a genuine need for financial assistan(*. The Governor5 set the funds available for fee assistance based on the finanrial heamh of the School and the approved charitable benefit. Approved fee a$$islance. and funds available to SLtpport them. are reviewed by the Governors on a termly basis. Means tested awards ar¢ ¢Jesigned to relieve hardship Whe a pupil's èdu¢8tion would <rtherwise be at r¢sk. The Sthool has to ensLsre a balance betsveen those fÈe-paying parents who may make a considerable sacrrfice to fund their ovm Children's educalion and those beneffting from awards. FLFII detsils are available on the school website {www.curnnor.co.ukl. During the yearthe total of awards granted was £420,535 {2020: £425,594) and psented 7.5 % of our gross fees. These helped 66 of our pupils, of which 3 pupils benefitted from a full remission of fees. R•vi•w The Govemors are con3tsrtty reviewing our Fee Assist8n¢e Awards poliry to ensure that able children can 8pt offers of places at our School through the av¥ilabilty of awards. induding means tested fee assistan. Cumnar Foundation The Cumnor Foun¢Jation has been Set up with the uhimate obiecbve of providing up to four fully funded places for children al Cumnor, in each of the year groups from Year 4 to Year 8. Having started the programme in 2016, we now have 8 Foundation pupils. A number of Senior Schwls have agreed to make available fully funded places lo sucYEssful scholars. This provides fvlly-fvnded education from Y4 through to the end of Y13. Charities and Publi¢ 8•ngfit= Charftabl• a¢tivities and public benefft The Governors consider that due regard ha$ been paid to the publi¢ benefft guidance pUished by the Charty Commission. All activsties at the school are focused on the prinapal charitable aim,. that is the 8dvancement of education. In addition. the school looks lo provide other opportunities for charitable benefit whenever possible, induding th8 provision of finanoal support through fee assistance, making the school faciif(ies available to the wider community and raising fLtnds for other charities. Charity fund-raising A total of over £25,00012020'. £32,000) was raised by parents. children and staff and donated to various chaiities over the rSts of the year induding £25.000 to Home Start- CHAMS in Brighton.
CUMNOR HOUSE SCHOOL TRUST GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Community Serv1¢• Community Ilnks The School maintains links with.. . Local Schools {induding: Danehill Primary, Chailey Heritage. Lindfield Primary. FletchiThJ Primary. Barctsmte Prtmary. Hamsèy. St Giles. Plump11. Lo¢al ofganisations lindudbng.. CPAS Verttures, Step by Step. FrierKls of Fletching. Nl Saints Church. Danehill, All Saints Churth Crowt>oroLpJh, Cuckfield Baptist Churth, East Grinstead, Forest Row. Fletching. Newick and BLvgess Hill Scout Groups). • The local community linduding groups. soryelies. dubs and Spts teams from the surrounding villa of Danehill. Horsted Keynes. Cheiwood Gatè, N8wick. Chailey. Cr(ywtx)rough. Hartfield aThY Flet¢hingl. Outroach progrnmm? Our oUta¢h programme seek$ to wden ac(ss to our edUtion resLxJrces. by bringing independent and stste school communils together. We ward our 'OLrtreath' pro9ramme as a ojnlinuing success. We bèli8V¢ the exchange of idèas and the opportunty for our pupils to mix, leam and work alongside stste pupils is beneficial to 811 pupils. Our prirn¥ry aim is to provide opportUneS for (ildren from 7Mthin OLbr local ts)mmunity to experience a broader educali¢)nal experience by using thè facsltties and expertise within our staff. Sport This year, we havè made the following frdcilib.es co&irrfJ avathabkn al a smalvno charge to bonefft pupils attending local 5181e s¢hools'. • use of the swimming pocA for 18ssorts and J10r S¢hoois Swtmming Gala (8pprox. 19 hoL¢rsMeekl • use of football pitc1 for Iccal dub sKle8 (apwox. 2 hour ' use of our ground5 and for a Ictal tsiathk)n dub {approx. 1 hoUrfvek1 ' use of our AWS for hocey cy)aching in winterterrrts lapprox. 4 hoursMeek} ' indoor nets for Barcombe CC over the winter and Buxted CC hosted Junior coaching 5ession$ re (appm. 1 hourMeek) Thi$ yèar has already seen u$ host Danehill Priwory Sdwl aNI St Giles Prirnary Sthool for a football festival and there 1$ an upcorning hc#ey festival. We also demonstrated flexibdity and18St.minute swrt for requests from Forest FC to ac¢))mmod8te pitch requirements during an exceptionally wet wnter during which cbildren were in'lockd(p44n' for many weeks. Drnma We have hosted var•)us ktal tharilie8 thal have put on talks. dances or wtsJuctb)ns to raise money for thoir causes. Musie School children and clS are involved in Communty Swbryce vwbng and supporbThJ local care homes induding Rapkyns, Charters and Abbeyfpth. The sLkn. has in the pa8L hosted ¢harity c4)nrtS. The sthool hosts ABRSM music exams for local children. Science Children from k)cal Primary sthods have Ln invited to experien our faolities in a subject where these opportunities are not possible within their siience cJJrrioJlum. There 15 8 weekly rota on a Wednesday aftemoon for the aforementioned schools to leam in our labs under the guidan of our staff. Gon•ral Cosy Cumnor.. use of our Nursery on¢x a month for local mums and infants. Despite the c*alleng8s that COVIO provided, links befven Danehl Primary SchocA and our nLwrywere strengthened in the hope to attract more local familios. Environmontsl Initlatlves: Cuiting our'earbon footprinv The Sthool continues to recyde as Ml is as practical. Thi$ 1$ complemented by many environmental and recycling initiatives to redurE emissions in our buiklings new and ok1 and by educational initiale$. Wa reryde food, paper 8 ¢8rdboard" glass & tin.. and Lqrge metals are taken lo a smp metal ffErthant. We havè solar
CUMNOR HOUSE SCHOOL TRUST GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 panels on the Sryence building and havejoined the payback scheme to unused Fower back into the Grid. as well as running four air sour¢e heat pumps in the new buikling under the RHI scherne. We are undertaking 8n analysis of energy consumption to reduce use in crt8in areas and afe investigating wider use of photovolta panels and heat pumps. We are s0 investi9aling drilliThJ a water borehok forlhe school's wde use of water. Our Old Cvrnnorians We count over 19CQ former pupils amngst our Old Cumnorran$ and. aside from a rSletter and occasion81 re- union get-togethers, we are p3$erf to welo)me back Ocs for work placerrents at the school. FUTURE PLANS Future plans The School operates a fivevyear developmenl pkn that is re[ted to the Board each lem arKI forrnalty reviewed by the Govemors annualty. In 2021>21, we completed the Nursery Extension. There were no other major capital developments or expendrture bul we cxjntsnue to buikl up 8 designated Jnd IOT major $tru(lural rep8irs. The Govemors intend to conlinue their TnI strategie5 of maintainir#J the S¢hoofs position in a cornpetthve market by investing to provide h¥Jh quality education for cNJrpupils. Achieving a high standard of academic Su$ is a constant aim whilst maintaining the breadth arKI depth of the education provvjed. The Headmaster and senior st8ff conlinue to review the CuMluM lo ertsure that the educational qualrfiGalions remain appropriate for our pupils, ¢Je¥elopmenl. Our plans are financed primarily from fee income and from a bank loan. The G¢Mmor5 red lo maintain an equitable balance ensuring our eurrenl pupils berefit whilst. at the same ts". ensullng a sound infrastructure and finanaal base are pseNed for the next generatKn of pupils in the saff w8y as our cuThent PLFpils benefil today from the investment made in the past. OUR FINANCES Financial review The Charrty is in a sound financial position 7Alh prospecls as highligmed above in the review ol actwities. desprte a dfficult economic dimate. The S¢hool generaled a surplus on operdting activities of £91,94912020'. £27,795) which increasesto£98.88212020'. £59,310)wth the indusion ofcharitable donations reIVed of£7.463 (2020.. £31,515). Surplus funds gener¥ted by the School's aCtiv"eS are SUpprneted by secured bank loans, the level ofwhich is monitored by the Govemors against finanaal perfnCe to ensure they remain appropriate lo the School. The Govemors are aware of a falliThJ in recent yeais and are enacknng plans to reverse thi$ when possible. COVID.19 had an effect on inCce and experlIUrefOT the SFfflng Temi 2021. ThèrEW3S IitNe l)oarding income. less Nursery Inco, no rentsl or lettings in(x)rne and each child's bll pSr r¢¢eived a £250 reduction in day fees, being the net savings we madè (werthe term by recemng fudough payments and reducing expenditure set against loss of income. This Silualion was somvwhat alleviated by governEnt payments for the staff we had to furfough and also wlh the tremendous support of all the wentsWI paKI so promply. some gerwously w8ivlng the rebate for the Spring Terni. Please seè'Prin¢ipal RkS and Uncertainties. below. The principal source of income is fees accounling for95•h of the School's income. The Govemors a continuing their strategy of deoYIng all net ineoming resources to investing in the edu¢alional purposes and fabric of our Sthool. As a charity. the parents of our pupils have the assurance that 811 the ino)me of the Sch)ol must be applied lo educational purposes. As an educational charity we enigy tsx exewion on our educational activities and these are applied for our tharrtable aims. As a Charity we a a150 entitled to an 80% reduction on our business rale5 on the propety we 0pY for our charitable puryx)ses. The financial benefts we recive from these lax exemptions are all apled to edtteational purpose5 and hdp us to maintain our bur$3ry policies and 'outreach' progfamme. However, as an edUtional charity. we arè unable to rectaim VAT inpLrt tax on our costs as we afe exempl for VAT purposes. We also pay tax as an employer through the National Insurance contributions we make.
CUMNOR HOUSE SCHOOL TRUST GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Reserves ptsllcy The Govemors reguiady eW the firwcs of the Sthl in can with a plan of effeclive stewardship. The School had un$1cted reserves {land. buildings and current assets less creditors) at the year-end of £8,057,32412020'. £7,958,442). The Sch¢Jol's Tes¢rves policy ss to ensure that its finanoal affairs are matntsined within a tight budget that is approved by the Govemors. The Govemors considerthal, in the event of a gnfficanI drop in short-term fvrIng, theywll be able to cor"nUe the School's arAivitie¥whhle wnsideratKJn is given to ww$ in which additional funds may be raised. ReseNes a made up of larbd, buildings and ffent assets less ueditors and are caued 'Funds' in charity acc4)unts. In¥¢At pollcy The School currenuy has no investfflents under m8na9enw. Any surplus cash is managed in-house, being invested in deposit 8¢¢ounts Wtth Lkjyds Bank, in 8ccordan¢e with delegated authcKities as approvèd by the Govemors. Ex¢wti R•munerdtion Policy Cumnor Htsuse School Trust is an equal opportunities employer arKI applies obje¢bve criterfa lo assess rnerst. The Stsnding Committee set pay levels for the ExeoJbve and is provided WTth the detail$ of academic and non- acadernic staff {induding annual pay rises and pay rates for new staffl. The FinancE Committee approves the overall payroll twdget for the year. Separatety the terms and 0ditiOnS of the EXte are rewewed 8nnu81ty by the Standing Committee wrth reference to national and local trends and are set in line wth salaries of similar roles in the sector. It is the h0o1,$ to pay staff in accordan indivi4Jual performance while at the Same time supporting our at41ty to attracl the ri9ht people to all levels of responsibilty within the organisation. Developments and Maint¢nane• This year saw new windows in 8 major dassroom bhxk. upgrad•Y fire doors in thè Theatre, and sanded and over-seeded the grass wtche$. The School's'Green Week. puts an emphasi$ ¢)n sustainabilty but the long-temi goal of overhauling of all g8$ and oil boilws in favcNJT of W puwys and solar pwls has put on hold on the basis of ¢o.' it remains an aspiration. PÈnsian LiabllEty The School partKipated in a Roy London Group Scheme with defined conknbufitsns for its toachin9 and some non-teachin9 $taff. The pension charge for the year indudes contritrMJtions payable lo Royal London of £349.307 12020.. £501.0731. The remaining staff were enrolled in Scottish Widows or NEST Schemes. ufiltrss they speafically opted oul. OUR ETHOS. STRATEGY AND POUCIES Our Govemors are responsible for mortrt(xing the Exeathe, who set a strategy for 8chieving the School's objectives, and for the k)ng-temi finanaal health and sustsinabilty of the school. The focus of the str8tè9y is on the development of our pupils, theii c&inued high levels of academi¢ and co-curricLtlar achievement and to widen further access to the edLThlion our S¢h(w)I piovides. It aLso gNes priority to ensuring that we have a safe and secure environment in which thldren have th8 fre&kni to devd¢)p their muliiple tsleftts. ACCESS POUCY It is important to us that access to the edti0ft we offer is not restri( (M)ty lo those who can afftjrd our lees. We believe our pupils benefit from leaming wtthin a dNerse communty STRUCTURE. GOVERNANCE AND hlANAGEMEI The School Govemofs a Trustees of the CharTty and Dirèctors of the Company for the purpose of company law. None has any benefjcial interesl in the Company. The (>wemors have overall re5ponsibiltty for th8 rnanagefflent and wwol of the Charity 8nd the full Board of Govemors meet at least fourtimes a year. After discLtssion with the HelmasteraThJ the Standing Commtilee, the Chairman invites persons th an interest in thy$ Charity with appropriate backgfounds such as education. finance. taw, business. mediryne and property, to consider accEpbng nomination for election a5 a Govemor * least once per annum at a full Board meèb"ng. We aayS ensure a balance of qualthcations is soughl and Govemois are expected to take an a¢twe part in the Committees. We also ensure we have a number of parènts who are Govemors. The Standing Committee is responsible for reviewng th8 process for apwntrnent a) SLK¢essi of GeMOr$. New Govemors are given
CUMNOR HOUSE SCHOOL TRUST GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2021 a thorough induction on appointrnent and provided wilh all thè necssary dorrEntatiOn on the Charity and how to fulfil their duties. They are inwted to attend training caxjtses as r1eary. Governors spend a minimum of 8 day each year observing teaching and interacting wth pupils and staff. The Education, SafegU8r¢Jing and Finance & Gerwal Purposes Committee5 meet in a(fvance of each full Board meeting. The Standing committee meets at least annualy. Other o)mmitiees and working groups Can be nvened as required. Day to day running of the School is dele9ated to the Headmaster, Deputy HeadmasterurSar and the Senior ManagèrwrtTeam. The Headmaster. Deputy HeadmasterlBuTsar are inVted to attend the meetings of all of the above committèès. The Schwl's Deputy HeadmasterlBursar is also Clerk lo the Governors and as such is reSpsible for co-ordinatiTrJ the work of the Govemors and their Committees, preparation of papers arKI managenwnt aUnts arKJ the revRw of matters arisin9. All trustee8 give of theirtime fre8ty 8n(I no remuneratbjn was paid in the year. and Ih¢fy were no expenses to be reimbursed. Key manag¢m¢nt perBonnel In 2020. the new Head, Fergus Llewelfyn. ani¥&J and one of his rrAny initiatives was to create a new Senbjr Le8dership Team for the year 2021-22 and beyond. The Govemofs now recognise that the Head, Deputy Head Pastoral. Deputy Head AdemiC, Head of Pre-Prep and thè Hèad of Finance comprise the Senior Leadeiship Personnel (see note 9 to the aoxunts). The Govemots have gr¥en delegated authority to the Head to pay higher salaries for exceptional eandidales where this is in the interest of the School. The day-tfyday running of the School is dekgaled to the Head. 5UPPOrted by senior staff. The Headmaster undertakes the key leadership role overseeing educational, pastoral and administrative functions in ojnsuifation wilh the senior staff. The day-t041ay administration ot the School 15 undertaken wtthin the polKXS and procedures approved by the Govemors whid7 provide for significant expendiiure decisions and major (awtsl wqerts to be referred to th8 Govemrs for prior approval. Thè Hèad oversees the recnjitment of all stsff. Other R•lation¥hip The Head is a member of the Ps arKJ of the 'Oxford GrJp.. whth presents OPWFtunities at the IAPS conference and elsewhe to share expertise, knowledge and experience across the independent school Se. The Conference also permits appropriate representation to GovemrrEnt and regulators of the views ofthe Sector. The Deputy Head P8StoTal is a member ofthe Oxlord Group of Deputy Heads. PRINCIPAL RISKS AND UNCERTAINTIES Risk factor¥ The Finan and General Purposes and the Safeguarding Committee5 covers risk and are responsible for assessing the major ri8k8 to whith the Charity is exposed and reporling on these to Ihe Board of GovemTS. The Govemors Continue lo keep the School's activ¢tses under mrew. partiajlarty wilh regard to new risks that may arise from time to tin. The Govemofs considwthat all major risks idenlffied by this Process have been mibgated to aft acceptable level by internal controls. irtsurance ver and other factors as appropriate. Risks and un¢ertalnti•s The prinupal concem for the school is the weltare of fv pupls and staff, whith is a peave factor in the assessment of risk by the Governors and the detemination of mitigatirrfJ actions. The risk management proce$$ has highlighte(E the fdlowing spe¢ifi¢ matters that the Govemors consider to bè the princip81 risks and uncertainties faong the School: A) Eo)nomic factors affecting pupil numbers. fee rates and fee colkthon B) The persistence of COMD in the country, albeit the Govemment ha laXedthe restridionsfor schools in particular Cl Cyber secunty E¢anomie Outlook and Market Conslderatlons The G0verrrS are aware of a number of mau(Tre¢onomic faL)rs that are puttmig pressu on th& demand for independent education any)n9St parents and tn particular their abilty to pay sd)ool fees. These pr&ssures seem likely to continue and may even intenfy over the next kn years that vrt)uld have the effect of reducing pupil numbers,. the Govemors are aware that this effect has already tsken place over the past Iwo years and the Surplus Taised is dinwnishing. The Govemors wish lo operate a sustainabty sd s(KxJI pupiLs drawn frorn a broad base of backgrourKls. This objective, combinedwilh their k[lledge of thefee structures of others¢*ools in the a8 tti comparab offerings, has the Govèmots to tske ts ftAlowing steps:
CUMNOR HOUSE SCHOOL TRUST GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 11 Continue wlh their plan lo rewew fees in the Iwjht of market for 21 Carefully ntrol and monitor costs. with priority for expwitUre fcussed on 8ttraclirwJ 8nd retaining high q(talty teachers. 3) Put greater emphaws on the marketing of our p)royiw¢)n in an efftsrt to maintain or irvtraso pupil numbers 4) Continue the &ly)ol'$ pSIon of 'rerTr)te arning. in order that pupils can have a proper educational experierKe whether at school or at horrE. rf another national or local lockdown due lo COVID-19 or simiLar pandemK occurs COVID As menlioneil. the Spring Temi 2021 was affecled by COMD and undertook remote leaming for nine of the 11 weeks of lern. We shortened that term and extended the Summer Term in orderthat ¢hiklrèn could spend more lime at school under rel¥b"vely nomiaS condiiions. Throughout this year. all Y78 pupils and all staff were required to take tsvi¢e-weekly lateral flow devTh tests and dedare rfthere were positive. If so, they had to isolate and get a PCR test. and shcMT a negative resulL ljelore they ecwkl retum to Sd1. This rem•in$ th ¢as¢ for the time being. Cyber Seurity We continue to monitor any threats. remirKI staff and chiklren abryjt the possibil"e$ of lètting viruses. malware and ransomwarè into the school and our fjrewalls for inc¥)ming and outyoing dala are contiftU811y modemised. COmprehense IT provision ss an vssential part of a successful school. The Govemors continue to take the issue of Cyber Thre81 seraousfy but all signrficant and medium risk items have been mibgated as f8r 8$ reasonably practscal. The School has invested in hathare and stsff training to maintain a good tevel of prowsion for remote l&¥tning. parents, evenings arKI otrr Th)rnl interxt)n. We shall cxjntinue to investigate other means of ensuring cyber security within reason. Planning Plans for a new Spjrts, Hall w¥e approvgd rgcenuy and there also a submi$$ion for Staff Accommodation. Priorities forfuturè phCal development of the sile in1)e provtsionforfijrlher improvemerttto our grass pitches to combat poor weather. Saf•guardin9 The concems for thildren's weK8re and wellbeing are grrning Wrth thè Changes to soaety and the increase in use of social media. In response, the Safeguarding Commiltee of Govemors meets three times a year. reporting to the main Board. on matter$ tsntral to the needs of the thildw. their safety and well-being. We also have cxjmpliance officer to ensure that all le9kslat. regulation and scocl poli¢xe$ are fully implemenied. The Govemors are responsible for the overseeing of the risks faced by the Scool. Detailed ¢(M)siderations of risk are delegated to the S¢nKJr Managernent of the S(<KJI. Risks a identified. assessed and controls established throughout the year. A fomial rewew of the ri¥k m•nauèment proSeS is undertaken on an annual basis. Through the risk Managent processes la Risk Register arKI pur$Lont Mitigation Docunkntl estsblished for the School, the Govemors are satisfied that the major risks idenlffieil have been adequately mitigated where necessary. It is recognised thatsystems ¢an only provide reasonable bLrt not absolule aSSUfance that maior risks have been adequately managed. Govemors Insurance The School PIdS Govemors. LMbl Insura. DISCLOSURE OF INFORMATION TO AUDITORS Each of the Govemors has confimied that there is no irfjom8tion of which he or she is aware which 1$ levant to the audit, but of which the audrtors a unaware. They have furtherconfinmed that they have taken appropriate steps lo identfy such relevant information and to estatAish thatthe auditots are aware of such infomiation. AUDITORS A resolutloA proposing that TC Group be reapwinted as autfitors of the charTty wll be put to the Board. GOVERNORS AND CHARITY TRUSTEES STRUCTURE. GOVERNANCE AND MANAGEMEKr
CUMNOR HOUSE SCHOOL TRUST GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 The Govemors are the charity trustees of Currrnr House Sch4 Tnjst. Nthy Govermrs are appointed by the existing Board of Govemors. AJI Govenw have served Ihroughwt the year except where indicated.. Cumnor House S¢hool Tw$1 is a registered Charity. number 801924. It is a company, number 2411055, limited by guarantee. whi¢hwa3 incorporated on 3 August 1989. The dwty i$govemed by ils memorandum and artid&s of a$ttalIon. The Govemors vtho serv•il $in¢t the stsrt of the acuunting peric4J (i.e. 1 September 2020 until the dale of I Signing of the accounts) were: J L Tanner {Chair) Mrs H D Bastide (Deputy Chairl J J Bannon (retired March 2021) Mrs S L Bevan R P Boardman Mrs C Brand18prrt)inted June 20211 Ms N J Collins Mrs O J Hatrick S JarrE8 D J Keenan Ms C E O'connell N Parkhouse (retired 2- 2020) J F A Reynold$ PJMRobwts The work of tho eommittoe$ The Finance & General Purposes Committee covers Finance & Devdopmenl at)J nN)sl a$F¢cts of Risk (the Safeguarding Committèè monitors thibJ protection and safeguarding risks). The followng served as members of the Finartt & General Purposes Committee.. J L Tanner Ichairrnan). J J Bannon (Development to 10 March 2021), R P Boardman {Finaft¢e) D J Keenan. S Jame5. Ms C E O'connell and F Reynolds (Development from 10° Mar¢h 20211. This o)mmittee is responble for the fee structure and annual fee adjustments. policy with regard to fee bursaiies. induding sthdarships, annual forward budget, comprising profit and loss aco)unt, balance sheet. (35h slatemenl. capital expenditure budget , new bgrrwngs or changes in condibons of existing borrowings, as well as any pledging of the 8$5ets. Significant leases and other contracts. selection and tems of appoIntnI of audrtors arKI other adwsefs. banking arrangements and commencennt of legal proceedrngs by the Sth¢x)l and response to Proceedings against the School, the Teview of Ihe propety and faality requ1Me1 for the sthool linked lo capital expenditure. These indude major and minor capital prc¥ects. acquiyAbons and disposs of proFerty. the planned maintenan prograrnme. minor works projects and Yepairs. the assessment of the 8ignsfjcant risks to the charity that need to be addressed, to ¢Jleck they are mthged as faras pr8dlble, and to validate the winciples of risk management at the school. The followTng have served as members ofthe Educati¢)n cMmtee.. P J M Roberts (Chaiman), Miss N J Collins. Mrs H D Sastide, Mrs S L Bevan and S James. This commrttee is responsible for the continued development of an academic but appropriate (xJrri¢AJlum al the school. one that is based on fu111n9 the ethos of the sehool ils wideraims and pursuit of the c#Jttivation of swritand character, buta15O to ensutha1th inteltedual. aeslhet and personal development of all the chiklren istaken into a¢¢ounL This indudes a need lo monitorlhe compliancy and regulatory matters as regards SEN prowsion. stretchin9 the'grfted and lalenteil. and keeping an eye on best educational practice. The followng have served as Frembern of the Safeguarding ComrThttee: Mrs O J Hatrick (Chairl. Mrs S L an (Bo8rdingl, Mrs H D Bastide IEYFS} and Ms N J cdfins Ilntemet safety}. This eommittee is rèspofts1b for ènsuiing th81 Cumnor House S(hool (the Schoofi and the Board comply in all respects wth their duties under currènt legislation and have regard to govemment guidance. lo ensurethatlhe School's policies. prou{eS and traifting a effe¢tive and nplY WTth the law at all times in order to meet their duty to safeguard and promote the weffare of the wpils in the School laThJ to keep the Board bnefed 8c£ordingtyi.
CUMNOR HOUSE SCHOOL TRUST GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 The following have sèNed as members of the Slandiny Committee.. J L Tanner Ichairrnanl, Mrs H D Bastide, Mrs O J Hatrick. R P Boardman ar J J Bannon (retired 10kn Mard12021yO J Keenan (from lo 10 March 20211. This committee is responsible forTeviwng the remuneration and benefits of the members ofthe EXerte Team {¢ompris5ng the Headmaster, th& Dèputy Headmaster 18ur8arl a view to makiNJ commendatiOnS lo the Boaid of Govemors. The follovrrin9 sxecutsve personnel of the Séfv8d duritvj the year as indicatwj. Neilher is 8 trustee or director. although Ihe Bursar serves as Company Se• and Clerk to the GovemoTS.'- F J Llewdlyn- Headmaster M N P Mockridge- Deputy HeadmastefvBursar This report was ap by the direcl(¥s ofthe Twst * the Board meeting as datsd 1Th¥. J L Tan Gov•m rlch nnanl io
CUMNOR HOUSE SCHOOL TRUST STATEMENT OF GOVERNORS. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2021 The Govemors, who are also the Directors of Cumnor House School Trust for thè purpose of Company law. are responsible for preparing Ihe Govemors. Report and the accounts in aLurdance with applicable law and United KingdomAcccMJnting Standard5 (Unrted Ktrydom GenerallyA(xeptedAccounting Practi1. Company law requires the Govèmors to prepare ae¢ounls for each finanal year whh give 8 true and f8Ér view ofthe state of affairs of the Charity and of the incoming resources and application of resources, including the income and expendFture, of the charitable company forthal year. In preparing these aurts. theGovemors are required to.. - selec¢ suitable a¢¢ounling policies aNJ then appty them ty)nsistentlr. - observe the methocjs and printsples in the Charities SORP: - make judgemenls arKI estimates that are reasonable and prudent.and prepare the account$ on the going nCeM bo$i$ unl$ it is inapproprt8te to presume that the clarity will continue in operation. The Governors are responsible for keeping adequate aounting fecords that t1isdose witly reasonable accuracy at any time the financial position oflhe Charity and enable them to ensure that the accounts comply wtth the Companies Act2006. They are also responsilje for safeguarding the asset5 ofthe Charity and hence fortaking reasonable stepsforthe prevention and detectton of fraud and otherirwularilies. li
CUMNOR HOUSE SCHOOL TRUST INDEPENDENT AUD[r¢Is. REPORT TO THE MEMBERS OF CUMNOR HOUSE SCHOOL TRUST We have audited the financ¢al statenRnls of Cumnor House S¢h¢)ol Trust lthe'charitable companVI for the year ended 31 August 2021 which compromise the Statement of Finanaal Athits. the Balance Sheet. the Casmow Statement and notes to the finanrA81 stslernents. The finanaal reporting framework that has been applied in their preparation is applicable law and United Kingdom Acry)unb"ng Standards. indudin9 Financial Reporting Standard 102 The Ftnancaal Reporting Standard applicable in the UK {United ngdOM Generalty A(wJted Accounting Practice). In our opinion, the fmanrial statements: give a twe and fairview of the stste of the chantatAe (x)mpanls affairs as at31 August 2021 and of its incoming resour¢e$ and application of resource5, induding its irwn 8nd expendrture. for thè yearthen ended.. have properly ppad in accordance th United ngdorn Generally Ac£epled A(xounting Practice,. and have been prepared in accordan with the wuirements of the Companies Act 2c. Basis of opinion We conducted our audit in aoxordanc? with Inlemational StaTrJards on AuditiThJ (UK) (ISAS (UKII and applitxble law. Our responsibilities under those standards are further Ilesuibed in the Audito¢s resp)nsibilities for the audit of the financial $tstements sectton of our repcKt. We are indwdenl of thè eharrtablè company in accordance with the ethical requirements that are relevant to our autht of the finanryal statements in the UK, including th& FRC'S Ethical Standard. and the provi&ons available for small entities. and we have fvLfilled our elhical re5rxxtslbiles in accordance wrth these requiremènts. We bèlieve that the audit evidence have obtained is SLrffirAenl and appropriate lo provide 8 b8si$ for our opinKJn. Conclusions relating to g¢ing ¢onrn In ad'ng the financial ststemertts. we have Cordud thatthe gMMO¢S use of the goiThJ o)ncem basis of accounting in the preparation ofthe finanryal statements is ak)rwriat&. Based on thework we have perf0md. we have t idenbfigj any ma1&1 uncertainties ating to events or conditions that, individually or collectwely. may cast doubt on the charitable company's abilty to cnntinue as a going ¢xncem for period of at least e1Ve months from when the financial statements are authorised for issue. Our responsibilrties and the responsitmlibes of the govemorfs with respectto going concem are described in the relevant sections of this rewt. Oth•r infomiation The other infomiation compris8s the infomiation inckKled in the annual report, induding the govemols report, other than thè financi81 slatements and our auditorfs report thereon_ The govemors are responsible for the other information. Our opinion on the finarrial statements does not cover the other infomab.on and. except to the extent otherwise explially ststed in our report. we do not express any form OfassUran conclusion thereon. In connection with our audit of the financa81 ststements. our responsibility is to read the other infomiation and. in doino so. consider whether the other inform8tion is matèrialty inconsistent with the financial statements or our knowledge obtained in the audit or othemse appears to be materially misstated. If we identify such material inconsistencies or apparent material misStements, we are reqLtired to determine whether there is a material mis$latement in the financAal ststements or a material mi55tatement of the other infomiation. If. based on the Work we have perfomied. we eondude that there is a material misstatement of this other inf0mtiOn. wa are required to report thatfact. We have nothing to roport in this regard. Opinions on other matters PrcrIbed by th• Companies Act 2006 In our opinion. based on the work undertaken in the course of the audrf('. the informalK)n given in the governors. report (incorporating the strategic reF)Ort and the directors report) for the financial year for which th8 financia statements are prepared is consistent with the financial statements.'and the strategic report and the dire0or report have been prepared Èn accordance with applicable legal requirements.
CUMNOR HOUSE SCHOOL TRUST INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF CUMNOR HOUSE SCHOOL TRUST Matters on which we are required to report by exception In the light of our knowledge and understanding ofthe charitsble company and f£$ virOnMent obtained in the course of the audit. we have not idenlrfted material misstatements in the strategic report 8nd the directors, report. We have nothing to report in resFeCt of the follong matters in relab.on to vthich the Companies Act 2006 requires us lo report to you rf. in our opinion.. adequate accounting record5 have been kepL w rptwns wJ¢que forouraudtt have not been received from branches notvisited by us- or thefinancial statements are not in agreementwÈth the accounting rerdS and retums., or certain disclosures ofdiTectors' remuneration spe¢ified by law are not made,. or we have not received all the infomiation and explanations we require.. or the directors were not entitled to prepare the financial stalements in a¢¢ordan¢e wlth the small companies regime and take atlvantsge of the small companies. exemptions in preparing the governors, report on¢J from the requirement to prepare a strategic reporL Responsibilities of governors As explained more fully in the govemors, responsiblths slalemert. the goverrS {who are also the directors of the charitable company forthe purposes ofcThnpany lawl are responsible forlhe pparation ofthe finawal statements and for being satisfied that they give a tnje and fair view. arHI forsuth internal control asthe govemors detemiine is necessary to enable the preparation offinanaal statements thal are free from material misstslement. whether due lo fraud orerror. In preparing the finanual statements. Ihe govemors are respsIe ts assessing the d)aritable mpan$ ability to continue as a going CLJncem, disdosing, as applirable. rnatters related to going corvm and u$ing the going concern basis of acLounting unle&8 the govemoTS either intend to liquidate the tharttable c¢Mnpany or to cease operations, or have no realisiic attemative to do so. Audito¢$ respon¥ibilitlès for the audft of the flfianclal statements Our objectives are to obtain reasonable assurance aboLrt whether the financial statemen15 as a whote are freg from matèrial misstatemènt. Whh•r due to fraud or error. and to issue an audilorfs report that indudes our opinion. Reasonable 8ssur8n¢e is a high level of a$$uran¢e. but K% not a gLwantee that an audit conducted in ance ISAS IUKI will aayS detect a material misstatement when it exists. Misstatement$ can arise from fraud or error and are cortshlered fnaterial rf. indNidu3lly or in the 8ggw8te, they could sonabty be expected to inlluence the ecot)omic decasions of users taken on the basis of these finanual statements. A furtherdescription of our responsibilrbes forthe audil of the finarbxl stslenrt 1$ Iwted on the Financial Reporting CounrAI's WeIe at.. .fvc.org.U]audlloI3reWn5ibdts. des(yip1ion fcwms part ofour auditorfs leport. Irregularities, including fraud, are instancw of rK)n-(X)rnI•nte wth laws and regulatw)ns. The extent to whith our procedures are capable of delecling iTregulaTities. induding fraud, detailed b¢l¢M. Extent to whi¢h the audlt was n$[dw¢d capable of detectlng Irregularitles. including fraud The obpctNes of our audit, in respect lo fraud. are.. lo ideFtttfy and assess the risks of material misstatement of the financial statements due to fraud: to obtain sufficient appropriate audit ewderKe regarding the 8s$essed risks of material misstslement due to frayd, through designing and implementing appropriate re5ponses'. and to re4)ond appropriately to fraud or suspected fraud identffieil during the audit. However. the primary responsibility forthe prevention and delecb¢)n of fraud rests with both those charged wrth g¢)vemance of the entity and its management. Our approach was as fc41ows'. We idÈntffjd areas of laws and regulatiorts that COLld reasorthty be expe¢led to have a material effect on the finanoal statements from our general sector expellen, and through discAJssion th the govemors and other management (as required by auditing siandardsl. and dis$$ with the govemors and other management the polt<ies aThJ prOdureS regarding compliance with18ws and regulab"on$ {se¢ bel¢)wl" We idenlTfied the following areas as those Ist likdy to have such afi effect.. health and safety; General Data Protection Regulation {GDPRI.. fiaud: bribery and cc¥ruption. school inspections, DBS checs, and employment law. Auditing standards limit the required audit prc4*dure$ to Nlentrfy non-compliance with these laws and rulationS to enquiry of the govemors and other managerrent inspectitin of regulatory and legal correspondence. rfany. The idenlffied aclual or SUSFected n-CoMpliance was not sufficiently signfficanl lo our audrf( to result in our reswjnse being idenbfied as a key audit matter.
CUMNOR HOUSE SCHOOL TRUST INDEPENDEr AUDITORS. REPORT TO THE MEMBERS OF CUMNOR HOUSE SCHOOL TRUST We considered the legal and regul8tory frameworks direrlly appli¢2ble lo the fina}81 statements reporting framework IFRS 102, the Companies A( 2C(6 and the Chariiies Act 20111 and the relevant tax Compliance regulations in the UK. We considered the natu of th& th8ritabEe o)mpanls operations. the control eAvironment and financial perfomiance. We communicated identifd Laws and regulatims throLb9hout ourteam and remained alert to any indications of non.compliance throughout the audtt. We considered the procedu$ and controls that the Charitab company has established lo address risks ident[rd. or that (rtheISe pre¥enL deter deted fraud: and how seThor management montiors thos8 programmes and controls. Based on this understandirrfJ we desi9ned our audit wocedures to identify non-ctsnplianca such laws and r8gulations. Whefe the risk was considered to te htgher. we performed audit pro¢edurÈs lo address each identffied fraud risk. These procedures indtKled: testing manual joumals., reviewiryJ the financial statement disdosures and testing to supporting documentation: perfomiing analytical procedures., and enquiring of managenI. and were designed to prowde reasonable assurance that the financial Statements were free frun fraud or error. (¥Ing lo the inherent limitafis of 8n audit, there ss an unavoklable risk that we may not have detecled sorne material misstatements in thefinanclal stslements. even though we have propetly planned and Perf0m ouraudit in accx)rdance w&th auditing standards. For example, the further Th)ved non-compliance with laws and regulations (Irregularitsl is frorn the events 8nd transathons reflected in the finarrfial statements. the less likely the Inhentty limited procedures required by auditing standards would idenlrfy IL The risk is also greater regarding irregularities ¢Umn9 due to fraud rather than error. as fraud involves intentional concealnI. forgery, ColUOn. omission or misrepresentation. We are not rèsponsible preventing non-C(ryliance and Cannot be expethd to detect non-compliance wth all Laws and regulation$. Us¢ ¢four r•port This report is made sol•ty to the charitable ci)mpaS mernbws, as a t. tn a¢QYdan wrfh Chapter 3 of Part 16 of the Companies Act 2006. Our audil work has teen undertaken so that we Ught Stale lo the chariiable companvs members those matters we ¥re required to state to them in an auditors. report and forthe nts other purpr>s8. To thè fullest extent pemiitted by law. we do not acceptor assume respIbl1ty to anyone other than the tharitsble Company and the ¢haritable companws members, 88 a IxKty. for our aUditwo. or for the opinhins we have formed. Mark Cummlns FCCA (Senior Staartory Auditor) for and an behalf of TC Group Statutory Audltors Office". Steyning, West Sussex Dated: 23 March 2022 14
CUMNOR HOUSE SCHOOL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021 Total 2020 Funds 2021 Donations and lagaass othertrading arbvibes CharitaNe actity Other income 10,986 27,761 S,291,075 10.986 27,761 S391.075 31,515 33,697 5.300,517 Total Income 5 535,854 endire on.. Raislng fund# Fin8nce costs Totsl wst of rablrvj funds Charltable actlvltleB Edu(8lfion 5 198 187 19 Total exp•ndltur• Net Incomglnei movemertkn fvtKts 19 5 476 544 11&083 119.2(Kll 98.883 59,310 Fund at 1 September 20 .iJoo 8086842 6,027,532 Fund balances at31 August2021 8185725 All income and gains tr the Feric¢J are rec(oni*J ab)¥e. PJI ofthe SLkn)ol's activlU6s aredassrfkd as conlOnLth)g. The statement ot finanaal actithtses akn ccrfnrths wilh wirements for an incLvne and exwffilure account under the Companie5 Act21Th. FuThJs presentthe S(Irs reserves and made up of iaThJ. buikfi curientassels ths cr&111ors.
CUMNOR HOUSE SCHOOL TRUST BALANCE SHEEr AS AT 31 AUGUST 2021 2021 2020 Fixedassets Tangible assets 12 9.$65 912 9,720.576 9.565.912 9,720.576 Currentas¥ets Debto 13 269.148 181.144 Cash at bank and in hand 1.560.077 1.094.016 I29.225 1.275.160 Creditors: amountsfallingduewithin one year 14 (1.400.313) 11.377.042) Net¢urrentlibilitie8 428.912 (101,8821 Total assets less CUTrentliabilities 9.994.824 9,818.694 Creditors: amounts falling due after more than on• year 15 (4.809.099) (1.531.852) Neta88ets 8.185.725 8,086,842 Ineom•funds Unrestrictedfunds 8.076.525 7.958.442 Designale<l funds 19 90.000 Restricted funds 18 19,200 8.185,725 8,086,842 FuThts represent the SdK)of¥ [1ve$ and è m1& of tdMklirKJs aA1 tsjrrènt assèts Kgss ernditcts. The aceountswere approved bythe Board on J L Tanner {Ch4imianl Governor Company R¢gi$tration Nx2411055 16
CUMNOR HOUSE SCHOOL TRUST CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2021 2021 2020 Cash flows from op•ratlng activities 448,374 445.028 Cash flows from Investlng actlvltles Financingcosls (66.921) (66,923) Tangib re assets Paymentsto acquiretangible fixed assets 12 24845) 1164.1W21 Receipts from the s8 of tanbI8 ffixed assets 750 Net $h used in investing activitRs 1286,26ffj 1230.385) Netcash Inflow before financlng 162.108 214.663 Cash flowy from finanGing aGtivlties Repayment of long lerni bank ban 15 {146,04n (140.7761 Drawdown of CBILS loan 450.000 Neteash Inllowfrom financlng acllvltles 303.953 (140.776) Increaselldecrease) in ¢•$h 466.061 73,887 Cash and ca*h equivalents at start of year 1,094016 1.020.129 Cash and cash equivalents at end of year 1.560.077 1,094,016 All cash is cash at bank and in hand. 17
CUMNOR HOUSE SCHOOL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2021 ststutory infomiation Cumnor HoLe Sthool Trust is a ¢haritsble company. limited by guarantee. regtstered in England and Wales. The charitable companys registered number and regired office address can be found on the kgal and administrative infom)ation page. A¢¢ounting policieB Z1 Basls of prep•roti¢n The finan(ial statements have been prepared in atan with Accounting and Reporting by Charities.. Statement of Reeommended Practice applicalje to rttanties pParing their ac£Dunts in a¢cord8nc8 with the Financial Rei)tsrting Standard applscabie in the UK and Republ of Iland IFRS1021 (effective 1 January 20151 Charitses SORP IFRS1021. the Financi ReForting Standard applicable in the UK and Republi¢ ol Ireland {FRS102} arKI the Companies Act 21. Cumnor House School Trust meets the definitwj) of a put tefft entity under FRS11y2. Assets and abIlitIeS are initially ta)gnised at historical cost or trans8(¢)n value unless otherwise stated in the relevant a¢untIng policy notelsl. There a no material uncertainties about Cumrtor House School Trusfs abilty to c£•nlinue as a going concem, taking into a)Urtt the effeca ofthe COVID-19 parthmi The finanrAd StatenIS are prepared in stsrfing. is the rlIon CLwrency of the tharity. Monetary amunts in these fir81 statements are round•l to the rEarest ptsund. 2.2 In¢ome Fees recèivable and charges for services are w>unted for in the period in whi¢h the $eNic&$ are Pfovided. Fees receivable are stated after deducting allowance¥, scholarships and other remissions gran#d by the school. Fees received in advance of education to be provided in fLrture years under an Advan Fee Payment Scheme contract are held as liabili¢iès until either taken to income in the term when used or else refunded. These liabilities have been alICted to the periods inwhichthey will be ublised. Donations and gift8 are unte<l f¢ywhen they can be measured rdi3bly, it 18 possiblè that the income 11 be received when the schod becomes entiued to the irrf))me. Other InMe is accounted forwhen re¢eNatAe. 2.3 Expenditure All expenditure is induded on an accruals basis. Expenditure is summarised underfunctional headings in thè Statement of Financial Activities. wtth Èrrecoverable value added tax induded wth the il$m of exp¢nse to which itrdate& This incjtjdes any ¢osts in relation to redundancy or temiin8tion payments. The costs ofgeneratingfunds ropresent bank interest payable. Govemance $1S arethose incurred in conneclion ith the administration ofthe Charity and compliance with constitutional and ststutory requirements. Supportcosts arethose InJrred direcaty in support of gxp¢nditure on the objects of the sc*ool.
CUMNOR HOUSE SCHOOL TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 2.4 Tangible fix•d assets and depreclatlan Tangible fixed assets are stated at cosl less depregation. Deprertation is prvvided at rates rAlculated lo write off the cost less estimated residua vaue of eath assets)verits axp8ct8d uséful •. asfollows.. tures, rrttings &equipmenl 25% ffl reduong baFance. and: 25% on c>)st 25% on cost 2%- 5% cffl o)st Molorvehides Freehold buildings No deprltIon provided on freehdd18nd amounting to £230.IY)012020: £230.000). 2.5 Leasing and hlr• pur¢haso ¢ommltmonts Rentals payable under operating leases are charged agalnstincome on astr8lyht basis overthe period of Ihelease. 2.6 nSIOnS The s¢hotsl contributesto defined ojntsibution personal pension scheme$for$taff. Contributions are Grediled to the Statement of Financial Activiknes as they fall due. 2.7 Accumulated funds Unrestricted school funds-these arefurKlswhith can be used in a¢oydan¢ewith the ¢haritablo obSe¢ts at the thscretlon ofthe Govemots. Designated funds-these arefunds which have been setaside by Govemorsto use for a 5pecthc purp059. The pury)08e and use of the designated fiJrKI is set out in the notes to the accounts. Restricted furKls - these are funds whkth are su4.edto speufic (#)n(Itk)ns by dmors as to how they may e used. The purposes and le$ of the restricted funds are setcyjt in the notes to the accounts. 2.8 Cash at bank and in hand Cash al bank and in hand iThSudes cash and short term highly invesln7ents. The Govemors seek to use short- and medium-term deF#xits wthere to rnaximise the retLm on monles held at the bank and to manage cash flow. 2.9 Creditors and provisi<Jns Creditors and provinS are recognised Yttre the has a wesenl obligation rs$ulting from a past event that will probably result in the transfer of funds lo a third party and Ihe arUt due lo settle the obligation can be rneasured or estimated TelHbly. 2.10 Dgbtors Trad8 and other debtors are revgnised at the setllemenl affthmt due.
CUMNOR HOUSE SCHOOL TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 2.11 Crftlcal accounting •Stimat•s and Judgements In the applicab.on of the CharlS ac(xwnting wAicxes, the Govemrs are required to m8kejudgèments. estimates and assumptions aboLrt the carrying arrUnt of assèts and liabl5e$ that are not readily apparent from other sources. The estimates aThJ assoaated assLtmpth)ns a based on historical expwience and other faclors that are Considered to be relevanL Acaual resuhs may differ from ttse esb"mates. The esiimates and undetyiig assumptions are reviewe(I IM an ¢)nwiThJ basis. Re$lon$t08tun1Ing estimates are recognised in the peric¢J in which the estimale is revised. The Govemors do nc4 Considerthat thereare any uili¢al eslimates orareas ofjudgemenl that need to be brought to the attention of the read8rs of the finanual staleffwts. Other trading ¥ctsvitt•a 2021 2020 Shop InMe Rentsl income 3,960 23,801 27,781 29,737 33,897 In¢om• fr<xn charitable a1¥1•$ 2021 2020 Gross sthoovnursgry lee$ Bursaries and allowarKes Cov119 fee redvcon 5.620.208 1420.5351 173,7501 5.125.923 14.800 150.352 5,291,075 5,921.173 1426,594} 1314.000) 5,180.579 8.500 111,438 5.3(K).517 Registration fees Extras Net SChVur8ery fees In addibon lo the above. the sch1 supwrts Foundation 5th0. During the year The Curnnor Foundation la 8eparate registered chaiity) pwd £102.151 (2020.. £95.3151 for fve (2020.. five) Foundation Scholars. Other InMe 2021 2020 Profit on dispos of fLxed assets CJRS grant inrAJm• s,soo 117,799 750 169,375 123,299 170,125 20
CUMNOR HOUSE SCHOOL TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Totalexndlrn staff DePCIatIOn Tolal 2021 ¢osts 2020 Raising funds Finance Costs .921 61921 66.923 Totsl ¢o$t of raising fvnds 66.921 66,921 66.923 Chafitable activities Education Teaching Welfare Premises Finan Support costs 2,891,6B1 217,280 218.165 17.010 3.138.317 591,983 1,100,502 2.012 3,211,166 547,237 1,140,881 2,037 508.300 374,703 521,839 2.012 116,407 Total charltabl• acthtlll•8 3,663.222 379.K 1.244,587 4287J17 5.409.821 Total eXpenthr@ 3,e63.222 379,gJB 1,311,508 5,354238 5,476.544 Net incoming resources are stateil after charging £49.162 r2020". £47.025} to operating lease renlals induded in Premises costs and interest charged on the bank klS of£66.211202O: £66.9231 induded in finan Costs. Support Costs 2021 2020 Administrabvg $18ff (x)sts Professi81 fees Inspection costs Telephone Subscriptions Marketing otheT SiSPPOrt Costs Governan costs (note 81 338,096 22.290 3,578 18.863 8.689 50.885 462 11.640 365,978 45.610 5.617 19.478 8,228 4S.869 5,760 11,760 508,300 454503 21
CUMNOR HOUSE SCHOOL TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Governance eosts 2021 2020 At*Jitfees Other govemance costs- non4udit fees 9.960 1.680 9,9LNJ 11,640 11.760 Employees Number of employees The average monthly number ofempknyees during the yearwas: 2021 Numb•r 2020 Number Teathing steff Non-teathing sfaff 41 121 111 Th8 av8rag8 montNy fijlktime equtvJent number of emthees was: Teaching staff Non-tea¢hlng $18ff Employment Costs 2021 2020 Gross salqries Employer's n8tion81 insurance Pension 3,040.903 267.930 354.390 2.999.152 250.242 50S.162 3.663.223 3,755,558 Thè numberofèmploy8es WIse annual emluMentsWe £eo.000 or m(Ye were.. 2D21 Numbèr 2020 Number £gJ.000 10 £100.CM)O £100.000- £110.000 £150.000- £160.000 Contrlbutions tol8Jllng £23,405 (2020: £14,338) wem madg durir8 the year to pension schemes on behalf of ployees whose emoluments exceeded £60.CQO.
CUMNOR HOUSE SCHOOL TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Employees (continued) The key fflanagement personnel of the chaiity comprised the Head Teher and the OepLrty Head TeacherlBursar. The total employee benefits linduding employers, national Insuran and pension contributions) of key managerrent personnel of the charity during the year were £248.9)712020." £304,436). No govemors re1Ve any remuneration for their role as a tnJstee. 10 Comparati funds- Ststwn¥nt of Financial Acti¥ibe¥ forthe year ended 31 Au9u¥t 2020 Unr•StrI D•glgrA fvnds Total 20Xt Funds Donations and tegacies Othèrtradin9 CharitJe ivtses 1A15 30.000 31,515 33,697 S.31XIA17 4 4300A17 Oiher Irme Total Income Ex endltur• ¢)n: Rai¥ing fund8 Finan costs 66.923 Total cost ol ralslng lunds CharEtable activitle• Eduon 19,2rAI Totsl •xpondityY• Nèt Ineom• 510 10 Trangfern between lurKI 18119 Movement In fundg 7{510 {19.2fAI 59.310 S7 6(Kl 8 027 S32 Fund balarS at 1 September 2019 . Note 10 is a comparatNe to that shchvn on we 15 11 Taxation The Tnjst 18 a Registered Charity (number 801924). All a¢XV1t are uThJertaken to fuffil the primary obp¢bves oftho Charity and ar¢ the1¢ye exempt under Part 11 ofthe Coryuatw)n Tax Ad 2010.
CUMNOR HOUSE SCHOOL TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 12 TangIbl•fiX80ts Land and buildings Fixtures. ffttings Motor vehicles Total Und•r Construction Cost At 1 September 2020 Additions 114.194 149.337 11,984.424 22.CKJ9 1.056,776 15,798 150.721 37.701 13,306,115 224845 Disposals Transfers (17,4) 117,4001 1263,531) 263.531 At31 August 2021 Depreciation At 1 Seplember2020 Charge for year Eliminated on disposal$ 12.269.964 1.072.574 171.021 13 513559 2.711,549 258,495 746.791 104.CQ3 127.199 17,010 3.585.539 379.508 117.400) {17,4001 At 31 Augu$t 2021 Net bookvalue At 31 August 2021 I970,044 850.794 126.809 3.947.647 9.299,920 221,780 44,212 9.565,912 At 31 Augu$t2020 114.194 9.272.875 309,985 23,522 9.720,576 13 D•btors 2021 2020 Tradedebtors 150,119 120.944 Otherdebtors 96,150 3,232 Prepaymertsand accrued income 22,879 269,148 181,144 24
CUMNOR HOUSE SCHOOL TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 14 Creditors: amountsfalllng dueathln one year 2021 2020 Bank loans (see ncrte 15) Trade creditors Taxes and social security costs Fees in advance Otherueditors Accruals Deferred in¢ome-Advanc¢ fees payWntsCheff (see note 18) 152,851 82,182 80,790 528.349 370,320 77,171 108.650 146.048 153,793 69,342 SLKJ,613 330.206 83,356 1.400.313 1.377,042 Fees In Advan represent monies receAved on account offeesduefortheAutL5mntemi 2021. Amounts included asAdvance Fees Payment Schemearethose réeeived under a contract forfuture years. fees. The money may be returned subject to SFecific conditions upon the receipt ofone tem's notice. Induded wthin otherL7editors areamounts held as deposris, whic are due on the pupil leaving the school or on receipt of one term's notice. 15 Cr8dltors: amountsfalling dueaftermorethwn one yr 2021 2020 Bank toans 1.788.798 1.491.649 Deferred income- Advance fees payment yxheme {se8 note 16}.. Due in more than one year but rKJI more than two ye8rs Due in more Ih8n Iwo years but not more than fve yeaTS 20.301 19,903 20.300 1.809.099 1,531.852 2021 2020 Bank loan maturity analy¥is Debt due in one year orless In more than one year but not rn than two years In more than fv40 years but not more than five years In more than five years 152,851 211,863 790.135 786,800 146.048 152.857 496,832 839. 1.941,649 1,637.697
CUMNOR HOUSE SCHOOL TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 1S Croditorn: amounts falling after moT• th•n one year (conllnuedl The Development Loan wa$ takw Ixjl during the 2016 accounting period. with a fvrther drdw down during 2017. At the balance sheet date £1,491,649 was outslanding in respect of this loan (2020.. £1.637.6971. Interest onty was paid until December 2017. CaFNtal and interest started bng repaid from January 2018. A CBILS loan was taken out in Odober 2020. Interesl 1$ chaiged on the loan at 2.13YD abcve the Bank of England base rate. The CBILS loan is interest 0[y10[ the first 12 months. wilh capital being repaid overthe follong 5 year P8ri0d. These loan$ we secured by a kgal charge over Ihè c))mmercyal freehold and Tesidgnlial freehold prcyerties ofthe school. 16 Ad¥an¢• F¢es Paymentschem Parents may enter into a contract to pay lo the SC tuition fèes in advance. The money may bg retumed subject to speofic conditions uwn the receipt of one terrf$ rb)tic. Assuming wpils wll remain in the school. 3dv8n¢e fees wll be appkd as below. 2021 2020 AnElts due within one year 103,650 83,3S8 ArnTrts due after than one but less tlw twoyears 19.903 Afflnts due after more than two but less than five years 20.300 128,951 123,559 The balance represents the ac01 Iratilty Urer the contracts. The nv)vement$ tjuring the yearwere.. Baknce as at 1 Sept8nknr 2020 123,$59 232,895 Amounts received in year 88,748 59.715 Amounts credited to puwl accounls forfe¢s 183.3561 1169.0511 Balance at 31 August 2021 128.951 123,559 17 Penslon and other p¢)st-r•tir¢m•nt ne¢0MItmentS Up until 31 August 2020the School partiopated in tr*Tea¢hers' Perlon Scheme for its teaching staff. The pension tharge for the yearto 31 August 2020 induded contribu11cS payable to the TPS of £412.726. The Sdlocl has now Ihdrawn from the scheme. The school now OFerates a defined wthbubon pension scheme for all staff. Tr pension charge for the year indudes eontributions payable to this heme of £354,YJ)12020: £93,428 for non-teaching staff only). 26
CUMNOR HOUSE SCHOOL TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 18 Restricted funds IknNTment In funds At1 September 2020 Ineom& EYndirn Trnn$f•r At 31August 2021 Catering FacAlities Fund 119.2(Kll 19,200 (19,2(h)I 19,200 The Catering Facililses Fund represenls funds re¢eNed the impro¥ementofthe sch¢)ofs c4lering facilities. 19 D•$ign•tsd Funds Mo%*menl in funds At1 Income Expenditure Transfer At 31Augu$t 2021 2020 Building Mairttenarr 90,000 90,000 The building maintenance fund represents funds set 8side by govemrAs to pay for potential fvture pair work. 20 Share capttal The company is limried by guarantee and doesnothave share capital. Intheevent of the company being wound Lsp and beÉng unable to meet its liabilrties, è8ch mèmber undèrt8ke$ to eontribule such sums as may be required up to a maximurn of£1 each. The company is underthe control ofthe board ofGovemoTS. 21 Net cash inflowfrom operating activities 2021 2020 RKonciliation to changes in resourc Changes in resour Financing costs Depreaation of tangible fixed assets (ProfftyToss on disposal of tangl¥ fixed asssts Ilrscrease}Idecrease in debtors Increaselldecreasel in creditors 98,883 66,921 379.508 15,500) {88.0041 13.434) 448.374 59,310 66,923 381.549 {7501 13,443 175,4471 445,028 27
CUMNOR HOUSE SCHOOL TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 22 Anal1 of netassets b•tw¢¢n fvnds Total funds funds Fund balances at31 August 2021 ar• r•pr•sont•d by: Tangible frxed assets CurTent awls Creditors.. amounts falling due Iwthin one year Creditors: amounts lalling due after more than one year 9.546.712 1.739.225 {1,4CKJ,313) {1.809.¢M) 19,2CKJ 9.565.912 1.829.225 (1,400,313) (1,809.0991 8.076.525 19,200 8,185,725 Fund balan¢¢8 t31 August 2020 ay• rnpr•¥ented by: Tangible fixed assets Current 8ssets CditOrs". amounts falling due wittiin one year Creditors.. amounts falling due after more than one year 9.682.176 1,185.160 (1.377,0421 11.531.852) 9,720,576 1,275.160 11,377,042) 11,531,852) 7.958.442 90,OC() 8.086.842 23 Commltmfrnts undw op•rnting leas At 31 August 2021 the company had total commitments under rn-cancelIab1e operating le86es as follows: 2021 2020 Expiry date: thift one year Btheen one and thmo years Belween Iwo and five year5 43.410 34.410 65.690 143,510 39,393 34,430 72.691 t46,514 24 Commitments Atthe 2020 balance sheet t1atethè schty)I hadfurthwcommitments in relation to con$tru¢tioA work in respect of the nursery exts1on of £150,000. The school had not sl further commÈtments at the 2021 balar sheet date. 28
CUMNOR HOUSE SCHOOL TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 25 Related partles The School Is limited by guarnntee th no one member havingoveral o)ntrol. During the year, £nil of course atte[an costs was reimbursed to trustees P020.' £4801. Curnnor House Sth)ol believes that an exrElknt educalion should be available to all thildren. regardles5 ofmeans. In Orderto facilitatethis, The Cumnor Foundation la separate charity-charity number 11683161 has been set up lo providÈ frèÈ pla5 Ét Cumntsr H¢JUSe School, and thereafter at a number of senior independent schools. The CuMr FourKlation has a board of tnjstees whith is not to Cumnor HoLfse School. 29