2022-08-31-accounts - Cumnor House School Trust

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Governors		J LTanner (Chair)
		Mrs H D Bastide (Deputy Chair)
		Mrs S L Bevan
		RP Boardman
		Mrs C Brand
		Ms N J Collins
		Mrs SJ McConneil
		J FA Reynolds
Headmaster		FJ Llewellyn
Charity number		801924
Company	number	2411055
Principal address and registered office		Danehill
		Haywards Heath
		West Sussex
		RH17 7HT
Auditors		TC Group
		The Courtyard
		Shoreharn Road
		Upper Beeding
		Steyning
		West Sussex
		BN44 3TN
Bankers		Lloyds TSBBank PLC
		90-101South Road
		Haywards Heath
		West Sussex
		RH194ND
Solicitors		Cripps LLP
		22 Mount Ephraim
		Tunbridge Wells
		Kent
		TN8 8AS

		Page
Governors'report (incorporating	the Strategic Report)	1
Statement ofGovernors'responsibilities
Independent auditors' report		12
Statement offinancial activities		15
Balance sheet		16
Cash flowstatement
Notes to the accounts		18

				Unrestricted	Designated	Restricted	Total	Total
			Notes	funds f	funds 6	Funds 6	2022	2021 F
Income from:
Donations and legacies				8,629			8,629	10,986
Other trading activities				81,947			81,947	27,761
Chaditable activities				5,571,905			5,571,905	5,291,075
Other income				19,200			19,200	123,299
Total income				5,678,682			5,678,682	5,453,121
~Edit
Raising funds
Finance costs				69,543			69,543	66,921
Total cost ofraising funds				69,543			69,543	66,921
Chaditable activities
Education				5,586,184			5,586,184	5,287,317
Total expenditure				5,655,727			5,655,727	5,354,238
Net income/net	movement	in funds		22,955			22,955	118,083
Transfer			18	19,200		(19,200)
				42,155		(19,200)	22,955
Fund balances	at 1 September 2021			8,076,525	90,000	19,200	8,185,725	8,086,842
Fund balances	at 31August 2022			8,118,680	90,000		8,208,680	8,185,725

		2022		2021
	Notes	6
Fixed assets
Tangible assets	12		9,294,811		9,565,912
Currentassets
Debtors	13	205,323		259,148
Cash at bank and in hand		1Su,073		1,580,077
Creditors: amounts falling due		2,138,396		1,829,225
within one year	14	(1,780,092)		(1,400,313)
Net current assets			378,304		428,912
Total assets less current liabilities			9,673,115		9,994,824
Creditors: amounts falling due
after more than one year	15		(1,464,435)		(1,809,099)
Netassets			8,208,680		8,185,725
Incomefunds
Unrestricted funds			8,118,680		8,076,525
Designated funds	19		90,000		90,000
Restricted funds	18				19,200
			8,208,680		8,185,725

			2022		2021
	Note
Cash flows from operating activities	21		724,271		448,374
Cash flows from investing activities Financing costs		(69,543)		(66,921)
Tangible fixed assets Payments toacquire tangible fixed assets	12	(54,381)		(224,845)
Receipts from the sale oftangible fixed assets		500		5,500
Net cash used in investing activities			(123,424)		(286,266)
Net cash inflow before financing			600,847		162,108
Cash flows from financing activities
Repayment oflong term bank loan	15	(227,851)		(146,047)
Drawdown ofCBILSloan				450,OOO
Net cash inflowl(outflow) from financing			(227,851)		303,953
activities
Increasel(decrease) in cash			372,996		466,061
Cash and cash equivalents at start ofyear			1,560,077		1,094,016
Cash and cash equivalents at end ofyear			1,933,073		1,560,077
All cash is cash at bank and in hand.

Total expenditure
		Staff	Depreciation	Other	Total	Total
		costs		costs	2022	2021
		6	6	F	6
Raising funds
Finance costs				69,543	69,543	66,921
Total cost of raising funds				69,543	69,543	66,921
Charitable activities
Education
Teaching		2,943,402	19,793	282,025	3,245,220	3,138,317
Welfare		215,974		494,765	710,739	591,983
Premises		180,459	305,699	624,309	1,110,467	1,100,502
Finance				2,376	2,376	2,012
Support costs		389,976		127,406	517,382	454,503
Total charitable	activities	3,729,811	325,492	1,530,881	5,586,184	5,287,317
Total expenditure		3,729,811	325,492	1,600,424	5,655,727	5,354,238


Support cos	ts	2022	2021
		6
Administrative	staff costs	389,976	338,096
Professional fees		23,264	22,290
Inspection costs		11,060	3,578
Telephone		14,138	18,863
Subscriptions		8,197	8,689
Marketing		47,338	50,885
Other support costs		9,946	462
Governance	costs (note 8)	13,463	11,640
		517,382	454,503

								2022f	2021 f
Audit fees								11,940	9,960
Other governance		costs —non-audit fees						1,523	1,680
								13,463	11,640
Employees
Number ofemployees The average monthly			number	ofemployees		during the year was:		2022 Number	2021 Number
Teaching staff								80	80
Non-teaching	staff							40	41
								120	121
The average	monthly		full-time	equivalent	number ofemployees		was:
Teaching staff								60	60
Non-teaching	staff							25	25
								85	85
Employment	costs							2022	2021
								F	f.
Gross salaries								3„047,647	3,040,903
Employer'snationalinsurance								262,291	267,930
Pension costs								419,873	354,390
								3,729,811	3,663,223


2022	2021
Number	Number

				Unrestricted	Designated	Restricted	Total
			Notes	funds 6	funds 5	Funds	2021f
Income from:
Donations and	legacies			10,986			10,986
Other trading activities			3	27,761			27,761
Charitable activities			4	5,291,075			5,291,075
Other income			5	123,299			123,299
Total income				5,453,121			5,453,121
~E* Cht
Raising funds
Finance costs				66,921			66,921
Total cost ofraising funds				66,921			66,921
Charitable activities
Education				5,198,187		19,200	5,287,317
Total expenditure				5,265,108		19,200	5,354,238
Net income/net	movement	in funds		118,083		(19,200)	98,883
Fund balances	at 1 September 2020			7,958,442	90,000	38,400	8,086,842
Fund balances	at 31August 2021			8,076,525	90,000	19,200	8,185,725

Tangiblefixed assets
	Land and	Fixtures,	Motor	Total
	buildings	fittings	vehicles
		&
		6
Cost
At 1 September 2021	12,269,964	1,072,574	171,021	13,513,559
Additions	12,360	26,728	15,293	54,392
Disposals		(850)		(850)
At 31August 2022	12,282,324	1,098,462	186,314	13,567,100
Depreciation
At 1 September 2021	2,970,044	850,794	126,809	3,947,647
Charge for year	259,262	46,438	19,792	325,492
Eliminated on disposals		(850)		(850)
At 31August 2022	3,229,306	896,382	146,601	4,272,290
Net bookvalue
At31August 2022	9,053,018	202,081	39„713	9,294,811
At 31August 2021	9,299,920	221,780	44,212	9,565,912


Debtors		2022	2021
		F	E
Trade debtors		155,994	150,119
Otherdebtors		29,912	96,150
Prepayments	and accrued income	22,418	22,879
		205,323	269,148

Creditors: amounts	falling due within one year	2022	2021
		E	6
Bank loans (see note	15)	249,363	152,851
Trade creditors		65,070	82,182
Taxes and social security costs		92,157	80,790
Fees inadvance		747,402	528,349
Othercreditors		481,272	370,320
Accruals		93,897	77,171
Deferred income -Advance fees payment scheme (see note 18)		30,930	108,650
		1,760,092	1,400,313

		2022 6	2021 f
Bank loans		1,464,435	1,788,798
Deferred income - Advance fees payment	scheme (see note 16):
Due in more than one year but not more	than two years		20,301
		1,464,435	1,809,099
		2022	2021
Bank loan maturity analysis		6	F
Debt due in one year orless		249,363	152,851
In more than one year but not more than two years		256,475	211,883
In more than two years but not more than	five years	715,135	790,135
In more than five years		492,824	786,800
		1,713,798	1,941,649

Parents subject school,	may enter into a contract to pay to the school tuition fees in advance. The money may be returned to specific conditions upon the receipt of one term's notice. Assuming pupils will remain in the advance fees will be applied as below.	may enter into a contract to pay to the school tuition fees in advance. The money may be returned to specific conditions upon the receipt of one term's notice. Assuming pupils will remain in the advance fees will be applied as below.	may enter into a contract to pay to the school tuition fees in advance. The money may be returned to specific conditions upon the receipt of one term's notice. Assuming pupils will remain in the advance fees will be applied as below.	may enter into a contract to pay to the school tuition fees in advance. The money may be returned to specific conditions upon the receipt of one term's notice. Assuming pupils will remain in the advance fees will be applied as below.	may enter into a contract to pay to the school tuition fees in advance. The money may be returned to specific conditions upon the receipt of one term's notice. Assuming pupils will remain in the advance fees will be applied as below.
				2022	2021
					F
Amounts	due within one year			30,930	108,650
Amounts	due after more than one but less than two years				20,301
				30,930	128,951
The balance represents the accrued		liability under the contracts.	The movements	during the year were:
Balance	as at 1 September 2021			128,951	123,559
Amounts	received in year			24,710	88,748
Amounts	credited to pupil accounts forfees			(122,731)	(83,356)
Balance	as at 31August 2022			30,930	128,951

Share capital
The company is limited by up and being unable to required up toa maximum	guarantee and does not have share meet its liabilities, each member ofF1each. The company is under	capital. In undertakes the control	the event ofthe company being wound to contribute such sums as may be ofthe board ofGovernors.
Net cash inflow from operating activities				2022	2021
				E	E
Reconciliation to changes	in resources
Changes in resources				22,955	98,883
Financing costs				69,543	66,921
Depreciation oftangible fixed assets				325,494	379,508
(Profit)/loss on disposal of	tangible fixed assets			(500)	(5,500)
(Increase)/decrease in debtors				63„825	(88,004)
Increase/(decrease) in creditors				242,954	(3,434)
				724,271	448,374

Analysis ofnet assets between funds	Analysis ofnet assets between funds	Unrestricted	Designated	Restricted	Total
		funds	funds	funds
Fund balances at	31August 2022 are represented	6	6	6
by:
Tangible fixed assets		9,294,811			9,294,811
Current assets		2,048,396	90,000		2,138,396
Creditors: amounts	falling due within one year	(1,757,089)			(1,757,089)
Creditors: amounts year	falling due after more than one	(1,467,438)			(1,467,438)
		8,118,580	90,000		8,208,680
Fund balances at	31August 2021 are represented
by:
Tangible fixed assets		9,546,712		19,200	9,565,912
Current assets		1,739,225	90,000		1,829,225
Creditors: amounts Creditors: amounts year	falling due within one year falling due after more than one	(1,400,313) (1,809,099)			(1,400,313) (1,809,099)
		8,076,525	90,000	19,200	8,185,725

At 31 August 2022 the company had total commitments	under non-cancellable operating leases	as follows:
	2022f	2021 6
Expiry date:
Within one year	39,360	43,410
Between one and two years	37,560	34,410
Between two and five years	46,008	65,690
	122,928	143,510