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$sex RH177HT Audltors TC Group The Courtyard Shoreham Road Upper Bee¢thng Steyning West Sussex BN44 3TN Banke Lloyds TSB Bank PLC 90-101 SouthRoad H8yKards Heath RH194ND Sollcltors Cripps LLP 22 Mount Ephraim Tunbr¥Jge Wdls Kent TN8 80S CUMNOR HOUSE SCHOOL TRUST CONTENTS Governors'report (in¢orporating the Strategic Reporfj Statementof Govemors, rPspOn￿bl]ttles 11 lndependentauditors'￿P0rt 12 Statement offinanrAal activit 15 8alan¢asheet 16 Cash Ilowstatement 17 Notes tothe a￿unt9 18 CUMNOR HOUSE SCHOOL TRUST GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Th8 Govemors of Cumnor House School pre$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 P￿paratory, 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 Suc￿sS 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 w0￿1ng 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 $cholarships. one of our highest lotsls. TheTe We￿ 9 Academio 2 All-Rounder, 4 Sports, 5 Drama. and 1 Music awards. This 18fleds the Schwl's policy of providing a breadth of edu(>b"onal opportunty. c￿UrricUlar actlvities: Music 20 - 21 has been a challenging year for music. Though we tsught dass music thr￿Try?￿t the first lod(down, it was removed in the second one. which was a great shame for the children. Instrumental lessons were all conducted viazoom Ihroughoth both loc*downs. wilh great SU￿$, 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 extren*ty not¥x8ble how much progress pupils rnade on indNidual instnjments, from h￿ng more time to practise. Many have managed lo skip 8 grade. This yearwe managed seve￿1 ¢J)ncerts via zoom when we were at school, and Still managed lo gain one music$¢holarship in drffi¢xll (xroJmstances. We atso treated ajoint production ofmaddin with the drama department, which was filmed, vjhich the children wltyWo￿ed hard to perfom. We are prol￿ of having one child in the National child￿n'S Orchestra, ar￿ rissn9 ieveLs of musical literacy. particularty among$l our younger pupils, whith are beginr4ng to translate into more children ￿a￿ng 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 ind￿18￿ 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 rerna￿able. 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 Cumnorcontlnuestoer￿ornp88¥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 devek*pffent. Away from the physi￿1 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." $V￿Mming. golf. tennis. sailing, cross-country lo givè a small flavour. We cortinue to whlen the SFrfxts re9ulaty offered in our sports programme. seeking to Slay ahead ol the curve and leaders in ouf localty. P•$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 s￿la1 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$. Al of this is overseen by thè Board's SafeguardiThJ CommFtl¢e and the School's com￿￿8nCe Officer. We were parti(yJl8dy consaous ofpupi13 and staff CUMNOR HOUSE SCHOOL TRUST GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2021 having to work through COVID, whether iscdaling at home or ha￿ng to use remote kaming. and put many extra nwsures in to help. Details of Foe As¥istance and Scholarshlp awards: Fee Assistanc• The Charity makes lunds availa￿e for families and staff in fift8ncAal nee(l. which are granted on the merits of each ¢8$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 ￿$¢ ￿rrent chIld￿n who have passed wf(h distindion at Glade 4 or a pass at Grade S (piano and string instruments) or distindion at Grade 5 or a pass at Grade 6 (brass. wnd instruments. drums and vocaf). Lesson$ must be taken at school. Finanaal support for the means-tested Hardship F•• As*5tance 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 oroLpJh, Cuckfield Baptist Churth, East Grinstead, Forest Row. Fletching. Newick and BLvgess Hill Scout Groups). • The local community linduding groups. soryelies. dubs and Sp￿ts teams from the surrounding villa of Danehill. Horsted Keynes. Cheiwood Gatè, N8wick. Chailey. Cr(ywtx)rough. Hartfield aThY Flet¢hingl. Outroach progrnmm? Our oUt￿a¢h programme seek$ to wden ac(*ss to our edU￿tion resLxJrces. by bringing independent and stste school communil*s 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 opportUn￿eS 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 J￿10r 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 hoUrfv￿ek1 ' use of our AWS for hoc*ey 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 c￿lS 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)n￿rtS. The sthool hosts ABRSM music exams for local children. Science Children from k)cal Primary sthods have L￿n 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 befv￿en Daneh￿l 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 initial￿e$. 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 c*rt8in 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 r￿Sletter and occasion81 re- union get-togethers, we are p￿3$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 ￿T￿nI 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 CuM￿luM 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 r￿ed lo maintain an equitable balance ensuring our eurrenl pupils berefit whilst. at the same ts"￿. ensullng a sound infrastructure and finanaal base are p￿seNed for the next generatK*n 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 7*Alh 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 re￿IVed of£7.463 (2020.. £31,515). Surplus funds gener¥ted by the School's aCtiv￿"eS are SUpp￿rne￿ted by secured bank loans, the level ofwhich is monitored by the Govemors against finanaal perf￿nCe 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 inCc￿e and exper￿lIUrefOT the SFfflng Temi 2021. ThèrEW3S IitNe l)oarding income. less Nursery Inco￿*, no rentsl or lettings in(x)rne and each child's bll pS￿r 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 govern￿Ent 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 R￿kS 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 de￿oYIng 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 0￿pY for our charitable puryx)ses. The financial benefts we rec*ive from these lax exemptions are all ap￿led to edtteational purpose5 and hdp us to maintain our bur$3ry policies and 'outreach' progfamme. However, as an edU￿tional 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 firwc*s of the Sth￿l in ￿c￿￿an￿ with a plan of effeclive stewardship. The School had un￿$1￿cted 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 fvr￿Ing, 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 0￿ditiOnS of the EX￿￿t￿e 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 ed￿ti0ft 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 He*lmasteraThJ 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 a￿ayS 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 G￿eMOr$. 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 nec*ssary do￿rrEntatiOn on the Charity and how to fulfil their duties. They are inwted to attend training caxjtses as r1e￿ary. 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 Headmaster￿urSar and the Senior ManagèrwrtTeam. The Headmaster. Deputy HeadmasterlBuTsar are inV￿ted 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 reSp￿sible for co-ordinatiTrJ the work of the Govemors and their Committees, preparation of papers arKI managenwnt a￿Unts 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 A￿demiC, 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 Gr￿Jp.. 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 pe￿a￿ve 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 G0verr￿rS 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 inten￿fy 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 s￿d s(*KxJI pupiLs drawn frorn a broad base of backgrourKls. This objective, combinedwilh their k[￿lledge of thefee structures of others¢*ools in the a￿8 ￿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 expw￿itUre 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'$ p￿￿SIon 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 Sd￿1. This rem•in$ th* ¢as¢ for the time being. Cyber S*eurity 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. COmprehens￿e 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 otr*r Th)rn￿l 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 ph￿Cal development of the sile in￿1)e provtsionforfijrlher improvemerttto our grass pitches to combat poor weather. Saf•guardin9 The concems for thildren's weK8re and wellbeing are grrn*ing 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 sc*ocl poli¢xe$ are fully implemenied. The Govemors are responsible for the overseeing of the risks faced by the Sc*ool. Detailed ¢(M)siderations of risk are delegated to the S¢nKJr Managernent of the S(*s8. To thè fullest extent pemiitted by law. we do not acceptor assume resp￿Ibl1ty 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 acti￿ty 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 endi￿re 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(I￿rs 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 I￿29.225 1.275.160 Creditors: amountsfallingduewithin one year 14 (1.400.313) 11.377.042) Net¢urrentli*bilitie8 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 Designaleunted 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 alIC￿ted to the periods inwhichthey will be ublised. Donations and gift8 are ￿unte)st 25% on cost 2%- 5% cffl o)st Molorvehides Freehold buildings No depr￿l￿tIon ￿ 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 l￿e$ 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