2023-08-31-accounts - Cumnor House School Trust

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Governors			J LTanner (Chair)
			Mrs H D Bastide (Deputy Chair)
			Mrs SL Bevan
			R P Boardman
			Mrs CV Brand
			Ms N J Collins
			Mrs SJ McConnell
			Mrs G ESiebert
			JFA Reynolds
Headmaster			FJ Llewellyn
Bursar			LA Stark
Charity number			801924
Company	number		2411055
Principal address		and registered office	Danehill
			Haywards Heath
			West Sussex
			RH177HT
Auditors			TC Group
			The Courtyard
			Shoreham Road
			Upper Beeding
			Steyning
			West Sussex
			BN44 3TN
Bankers			Lloyds TSBBank PLC
			90-101 South Road
			Haywards Heath
			WestSussex
			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			17
Notes to the accounts			18

			Unrestdicted	Designated	Total	Total
			funds	funds	2023	2022
		Notes	6	6	5	5
Income from:
Donations and legacies			1,728		1,728	5,630
Other trading activities			115,749		115,749	81,947
Charitable activities		4	6,508,486		6,508,486	5,571,905
Other income		5				19,200
Total income			6,625,963		6,625,963	5,678,682
~E* st
Raising funds
Finance costs			62,444		62,444	69,543
Total cost ofraising funds			62,444		62,444	59,543
Charitable activities
Education			6,324,946		6,324,946	5,586,184
Total expenditure			6,387,390		6,387,390	5,655,727
Net incomelnet	movement	in funds	238,573		238,573	22,955
Transfer		18
			238,573		238,573	22,955
Fund balances	at 1 September 2022		8,118,680	90,000	8,208,680	8,185,725
Fund balances	at 31August 2023		8,357,253	90,000	8,447,253	8,208,680

			2023		2022
		Notes
Fixed assets
Tangible assets		12		9,239,005		9,294,811
Currentassets
Debtors		13	301,750		205,323
Cash at bank and in	hand		1,965,402		1,933,073
			2,267,152		2,138,396
Creditors: amounts	falling due
within one year		14	(1,930,618)		(1,760,092)
Net current assets				336,534		378,304
Total assets less current liabilities				9,575,539		9,673,115
Creditors: amounts falling due after more than one year		15		(1,128,286)		(1,464,435)
Net assets				8,447,253		8,208,680
income funds
Unrestricted funds				8,357,253		8,118,680
Designated funds		18		90,000		90,000
				8,447,253		8,208,680

				2023		2022
		Note
Cash flows from operating	activities	21		638,501		724,271
Cash flows from investing	activities
Financing costs		6	(62,444)		(89,543)
Tangible fixed assets
Payments to acquire tangible	fixed assets		(273,481)		(54,381)
Receipts from the sale oftangible fixed assets					500
Net cash used in investing	activities			(335,925)		(123,424)
Net cash inflow before financing				302,576		600,847
Cash flows from financing	activities
Repayment oflong term bank loan		15	(270,247)		(227,851)
Net cash inflow/(outflow) from financing activities				(270,247)		(227,851)
Increase in cash				32„329		372,998
Cash and cash equivalents	at start ofyear			1,933,073		1,560,077
Cash and cash equivalents	at end ofyear			1,965,402		1,933,073
All cash is cash at bank and	in hand.

		2023	2022
			S
Shop	income	2,640	3,950
Rental	income	113,109	77,582
Other	Income		405
		115,749	81,947

Total expenditure
		Staff	Depreciation		Other	Total	Total
		costs			costs	2023	2022
		E		E	E	E	E
Raising funds
Finance costs						62,444	69,543
Total cost of raising funds					62,444	62,444	69,543
Charitable activities
Education
Teaching		3,199,512		17,442	367,934	3,584,888	3,245,220
Welfare		266,247			565,219	831,466	710,739
Premises		239,478		311,845	681,563	1,232,886	1,110,467
Finance					1,763	1,763	2,376
Support costs		476,808			197,135	673,943	517,382
Total charitable	activities	4,182,045	'	329,287	1,813,614	6,324,946	5,586,184
Total expenditure		4, 182,045		329,287	1,876,058	6,387,390	5,655,727

Support costs	Support costs	2023	2022
		F
Administrative	staff costs	476,808	389,976
Professional fees		35,195	23,264
Inspection costs		3,895	11,060
Telephone		17,476	14,138
Subscriptions		10,592	8,197
Marketing		45,913	47,338
Other support costs		69,880	9,946
Governance	costs (note 8)	14,184	13,463
		673,943	517,382

									2023	2022
										6
	Audit fees
	Other governance		costs —non-audit fees						13,500 684	11,940 1,523
									14,184	13,463
9	Employees
	Number ofemployees
	The average	monthly		number	ofemployees		during the year was:		2023	2022
									Number	Number
	Teaching staff Non-teaching	staff							80 43	80 40
									123	120
	The average	monthly		full-time	equivalent	number ofemployees		was:
	Teaching staff Non-teaching	staff							64 26	60 25
									90	85
	Employment	costs
									2023	2022
	Gross salaries									f
	Employer'snationalinsurance Pension costs								3,421,609 310,919 449,517	3,047,647 262,291 419,873
									4,182,045	3,729,811

:
2023	2022
Number	Number

omparative fund	s —Statem	ent of Financi	al Activities f	or the year end	ed August	ed August
		Notes	Unrestricted funds 6	Designated	Restricted F d 6		Total 2022 F
Income from:
Donations and legacies			5,630				5,630
Other trading activities Charitable activities		3 4	81,947 5,571,905				81,947 5,571,905
Other income		5	19,200				19,200
Total income			5,678,682				5,678,682
~E* )ttt
Raising funds Finance costs			69,543				69,543
Total cost of raising funds			69,543				69,543
Charitable activities
Education			5,586,184				5,586,184
Total expenditure			5655727				5,655,727
Nst income/net	movement	in funds	22,955				22,955
Transfer		18	19,200		(19,200)
			42,155		(19,200)		22,955
Fund balances	at 1 September 2020		8,076,525	90,000		19,200	8,185,725
Fund balances	at 31August 2021		8,118,680	90,000			8,208,680

Tangiblefixedassets
	Land and	Fixtures,	Motor	Total
	buildings	fittings	vehicles
		8
		6
Cost
At 1 September 2022	12,282,324	1,098,462	186,314	13,567,100
Additions	13,642	258,541	1,298	273,481
At 31August 2023	12,295,966	1,357,003	187,612	13,840,581
Depreciation
At 1 September 2022	3,229,306	896,382	146,601	4,272,289
Charge for year	259,204	52,641	17,442	329,287
At 31August 2023	3,488,510	949,023	164,043	4,601,576
Net bookvalue
At 31August 2023	8,807,456	407,980	23,569	9,239,005
At 31August 2022	9,053,018	202,080	39,713	9,294,811


Debtors		2023	2022
		6	5
Trade debtors		197,477	155,994
Otherdebtors		97,968	29,912
Prepayments	and accrued income	6,305	22,418
		301,750	205,323

Creditors: amounts	falling due within one year	2023	2022
		6
Bank loans (see note	15)	166,475	249,363
Trade creditors		107,245	65,070
Taxes and social security costs		89,249	92,157
Feesinadvance		799,520	747,402
Othercreditors		558,229	481,272
Accruals		143,999	93,898
Finance lease obligation		65,901
Deferred income -Advance fees payment scheme (see note 16)			30,930
		1,930,618	1,760,092

	2023 6	2022f
Bankloans	1,012,959	1,464,435
Finance Lease Obligation	115,327
	1,128,286	1,464,435
The finance lease is secured on the assets acquired.
Bank loan maturity analysis	2023	2022f
Debt due in one year orless (see note 14)	166,475	249,363
In more than one year but not more than two years	173,833	256,475
In more than two years but not more than five years	551,070	715,135
In more than five years	288,056	492,824
	1,179,434	1,713,798

Advanc	e Fees Payment Scheme	e Fees Payment Scheme	e Fees Payment Scheme	e Fees Payment Scheme	e Fees Payment Scheme
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.
				2023	2022
					8
Amounts	due within one year				30,930
					30,930
The balance represents the accrued		liability under the contracts.	The movements	during the year were:
Balance	as at 1 September 2022			30,930	128,951
Amounts	received in year				24,710
Amounts	credited to pupil accounts forfees			(30,930)	(122,731)
Balance	as at 31August 2023				30,930

				Movement
		At 1 September	Income	Expenditure	Transfer	At 31August 2023
		2022
Building	Maintenance	90,000				90,000
		90,000				90,000

21	Netcashinflowfromoperating activities	2023 5	2022 F
	Reconciliation to changes in resources
	Changes in resources Financing costs Depreciation oftangible fixed assets (Profit)/loss on disposal oftangible fixed assets (increase)/decrease in debtors increase/(decrease) in creditors	238,573 62,444 329,287 (96,427) 104,624 638,501	22,955 59,543 325,494 (500) 53,825 242,954 724,271

Analysis ofnet assets between funds	Analysis ofnet assets between funds	Unrestricted	Designated	Restricted	Total
		funds	funds	funds
			9
Fund balances at by:	31August 2023are represented
Tangible fixed assets		9,239,005			9,239,005
Current assets		2,177,152	90,000		2,267,152
Creditors: amounts Creditors: amounts year	falling due within one year falling due after more than one	(1,930,618) (1,128,286)			(1,930,618) (1,128,286)
		8,357,253	90,000		8,447,253
Fund balances at	31August 2022 are represented
by:
Tangible fixed assets		9,294,811			9,294,811
Current assets		2,048,396	90,000		2,138,396
Creditors: amounts Creditors: amounts year	falling due within one year falling due after more than one	(1,757,089) (1,467,438)			(1,757,089) (1,467,438)
		8,118,680	90,000		8,208,680

At 31 August 2023 the company had total commitments	under non-cancellable operating leases	as follows:
	2023	2022
	E	t:
Expiry date:
Within one year	53,163	39,360
Between one and two years	42,491	37,560
Between two and five years	15,684	46,008
	111,338	122,928