Charity registration number 529540
Company registration number 1036833 (England and Wales)
CUNDALL MANOR LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
CUNDALL MANOR LIMITED
CONTENTS
Page
Legal and administrative information
1
Trustees' report
2 - 6
Statement of Trustees' responsibilities
7
Independent auditor's report
8 - 10
Statement of financial activities
11 - 12
Statement of financial position
13
Statement of cash flows
14
Notes to the financial statements
15 - 27
CUNDALL MANOR LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
- 1 -
Trustees
Mrs C Burrows
Mr S J Kayll
Mr A P Mindenhall
Mrs R Powell
Mrs S Sadler
Miss A Wheatcroft
Mr D M Willis
Mr M Hunt
Mrs F Cunliffe-Lister
(Resigned 25 June 2024)
Mr R Little
(Appointed 1 September 2023)
Mr C Pollitt
(Appointed 1 September 2023)
Ms S Lynch
(Appointed 26 September 2024)
Key Management Personnel
Mr Simon Weale
(Appointed 1 January 2025)
Mr C James-Roll
(Resigned 31 December 2024)
Charity number
529540
Company number
1036833
Principal address and registered office
Cundall Manor School
Cundall
York
YO61 2RW
Auditor
Frances Howard FCA
Fortus Audit LLP
Business Advisors and Accountants
Equinox House
Shipton Road
York
YO30 5PA
Bankers
Barclays Bank Plc
PO Box 456
25 James Street
Harrogate
HG1 1ZT
CUNDALL MANOR LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -

The Trustees present their annual report and financial statements for the year ended 31 August 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the School's governing document, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

The legal and administrative information page forms part of this report.
The terms Trustee and Governor are used interchangeably depending on the context and refer to the same individuals as are listed as Trustees in the legal and administrative information.
Objectives and Activities

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

 

 

The Vision for the School

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

 

As such our education offer means:

 

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

 

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

 

Providing outstanding academic teaching.

 

Providing an exceptional character-shaping co-curriculum involving the creative and performing arts, sport, outdoor education and service opportunities

CUNDALL MANOR LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -

Explanation of Aims

 

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

 

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

 

Pupils are encouraged to play outside (regardless of most weather conditions) during break times and they have daily opportunities to take part in supervised games as part of our curriculum and also our enrichment programme. Pupils also enjoy the ‘Wild Wood’, and camp out in the school teepees. The school chickens provide a rich educational and pastoral resource

 

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

 

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

 

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

 

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

Strategic Objectives for the Reporting Period

 

During the year ended 31 August 2024, the Trustees set the following key strategic objectives for the School

 

 

 

 

 

 

 

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the School should undertake.

CUNDALL MANOR LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -

Significant Activities Undertaken During the Year (1 September 2023 - 31 August 2024)

 

Cundall Manor remained steadfastly committed to the ‘Cundall character curriculum’ which is designed to develop lifelong qualities that allow our pupils to lead proactive, rewarding and altruistic lives. As such in addition to opportunities afforded within the classroom, Cundall pupils of all ages enjoyed a full co-curricular programme designed to challenge and inspire. This also meant that the school wholeheartedly supported its unique traditions including the Go Kart race, the Chocolate Cake Race, the Tee Pee camp outs and the whole school trip to Beadnell Sands.

 

The school offers an all through education from Nursery to KS4 with qualified members of staff experienced at teaching across key stages. Academic results were particularly impressive, not least in Thornton (yr 11) where there were thirty nine pupils, our largest cohort for some years. The results recorded 87% of all GCSEs were at least grade 4 and above, significantly surpassing the national average of 67.4%. 85% of pupils achieved 5 of more GCSEs at Grades 9-4. 30% of all GCSEs were graded 7 or above (the equivalent of A*- A grades) compared to the national average of 21.7%. Of particular notes was a 50% increase in Grade 9s, with many pupils achieving 8s and 9s in over half of their papers. The whole year value added was 0.93 which means that on average, pupils achieved almost one grade higher than the trajectory anticipated through baseline data in all subjects.

 

Sport remained at the heart of the school with hockey proving once again to be a strength. A number of pupils were selected to represent North Yorkshire and one was selected for the England U15 squad. Various teams won silverware at tournaments including the ISA national finals in London and the Loretto tournament in Scotland. In addition to hockey, the school enjoyed success at cricket, netball, and rugby.

 

Every child from in KS2 and KS3 was able to undertake a residential outward-bound trip. Swale pupils (Year 8) once again summited Ben Nevis and completed the Yorkshire ‘Three Peaks’. Most students in Leckby (Year 9) sailed in Cowes and successfully completed their DofE Bronze Awards whilst a number of students in Eldmire (Year 10) gained their Silver Awards. The Tee Pee camp outs are a staple Cundall traditional and helped foster a sense of community.

 

An international flavour was established with a successful ski trip to Jaspar in Canada as well as a group of KS4 pupils participating in our longstanding language exchange with Edelweiss School, Valencia. As always it was a joy to host our Spanish friends when they visited North Yorkshire. Our annual MFL French trip to Chateau de la Baudonniere meant a first trip to France for many students.

 

The creative and performing arts are well supported at Cundall. Art is amongst our strongest subjects at all stages of the school. The annual art exhibition underlining the creative talent within the student body. Our diverse musical offering included the formality of the Christmas Carol Service at Ripon Cathedral to our own rock festival. The senior school production ‘Annie’ was performed with joy, gusto, and revealed some excellent acting talent.

 

As always pupils took part in a number of charitable fundraising events through the year with the proceeds being donated to a variety of charities, including, but not limited to, Children in Need, Macmillan, St Michaels Hospice and Guide Dogs for the Blind. During the financial year ending 31 August 2024, the pupils raised £2,278.85 (2023: £1,252).

 

Post-Year-End Developments and Plans for the Future

Although outside the scope of this financial reporting year, the Trustees wish to highlight several key developments which occurred shortly after the year-end and are integral to the School's forward planning:

 

 

 

 

 

 

CUNDALL MANOR LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -

Public Benefit

 

In setting objectives and planning future activities, the Governors have given careful consideration to the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on education and fee charging.

 

In addition to the objectives and plans set out above, the Governors have undertaken to do the following:

 

To grant annually a number of scholarships to more able and talented children alongside means tested bursaries. The School offers academic, art, performing arts, music, sporting and all-rounder scholarships. The School offers means tested bursaries to aid parents and members of staff in respect of the fees payable for their children based on the policy and individual circumstances. Bursaries are reviewed and awarded annually following a forensic appraisal of the family’s financial circumstances. The Bursaries committee is devolved from the Finance Committee and comprises a minimum of three Trustees along with one independent panel member who is suitably qualified and remains independent from the daily management of the School. The School's charitable activities are and will continue to be constantly reviewed in the light of national recommendations. At the same time, to recognise and accept children of mixed ability and to continue to assist children who require learning support.

 

To increase the provision of education and the sharing of facilities with the local community, the School makes its facilities available for use by other organisations where these can be accommodated around the School timetable. These have included the use of the Astro Turf by hockey and football clubs in North Yorkshire, and the sports fields, gymnastics and tennis facilities by members of the local community. Various local businesses, including Brightwater Swimming and Waterbabies, use the swimming pool outside of the School timetable. To improve links with and share facilities with local schools, the School invites children from other schools to partake in sports events held at the School.

 

The Senior Leadership Team at Cundall Manor will continue to grow and promote the provision and use of School facilities to local community groups and charities with a focus on social responsibility and the environment.

Investment powers

 

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

Financial review

The results for the year are presented on pages 11 to 13 of the Financial Statements. The total income for the year is £5,164,225 (2023: £5,042,875) and total expenditure of £5,379,393 (2023: £4,993,636). The total deficit for the year is £215,168 (2023: surplus of £49,239).

Going Concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. In order to prepare the financial statements on the going concern basis management have prepared detailed financial projections which take account of normal operating conditions and known variable factors which have affected the forecast in the past. Pupil numbers are the main determinant of the operating surplus and cash flow of the School.  The governors have concluded that that there is sufficient working capital to continue operations. 

Reserves policy

The Trustees have reviewed the reserves of the charity. This review encompassed the nature of income and expenditure streams, the need to match income with commitments and the nature of reserves. The Trustees have determined that the appropriate level of reserves which are not invested in tangible fixed assets should be in the range of 7% - 10% of fees and ideally 8.5% of fees (equivalent to about 4 weeks' expenditure, approximately £350,000). Our policy is therefore to seek to establish reserves at that level.

Risk Management

The Trustees actively review the major risks to which the School is exposed. The Trustees have examined operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.

 

Individual committees are responsible for reviewing and monitoring the management of risk in their particular area. They are satisfied that the mitigation of the identified major risks detailed below have been or are being addressed as follows:

 

Failure to Govern Effectively             - Governing Body

Failure to deliver Educational Objectives         - Governing Body, Education Committee

Failure to Safeguard Pupils             - Governing Body, Pastoral, Wellbeing and Safeguarding Committee

Regulatory Non Compliance             - Governing Body

Impact of Economic Climate             - Governing Body, Finance Committee

Major Fraud or Financial Mismanagement        - Governing Body, Finance Committee

Reputational Risk                 - Governing Body

Changes in Regulation and Law            - Governing Body, Finance Committee

Within the overall risk management framework, emphasis will continue to be placed on pupil development and resilience, curriculum development, staff development and robust management processes to achieve the School Development Plan. This will be further enhanced with Continuous Professional Development for staff.

CUNDALL MANOR LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -
Structure, governance and management

The School is a charitable company limited by guarantee incorporated on 3 January 1972. The Governing document is the Memorandum and Articles of Association of the same date as amended by special resolution registered at Companies House on 22 May 2017.

 

The School is a company limited by guarantee with no share capital (registration no. 1036833) and a registered charity (registration no. 529540). The charitable company’s Memorandum and Articles of Association are the primary governing documents of the School.

Recruitment, appointment, induction and training of new Trustees

 

Trustees can appoint any nominated person through the nominations committee.

 

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

 

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

 

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

Organisational structure

 

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

 

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

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Trustees' report was approved by the Board of Trustees.

Mrs R Powell
Trustee
Date: 25 June 2025
CUNDALL MANOR LIMITED
STATEMENT OF TRUSTEES' RESPONSIBILITIES  
FOR THE YEAR ENDED 31 AUGUST 2024
- 7 -

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

 

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company, and of the income and expenditure of the charitable company for that year. In preparing the financial statements the Trustees are required to:

 

 

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included in the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

CUNDALL MANOR LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF CUNDALL MANOR LIMITED
- 8 -

Opinion

We have audited the financial statements of Cundall Manor Limited (the ‘School’) for the year ended 31 August 2024 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-

give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the School in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the School’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

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

Other information

The other information comprises the information included in the Trustees' report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the Trustees' report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

CUNDALL MANOR LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CUNDALL MANOR LIMITED
- 9 -
Matters on which we are required to report by exception

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

 

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

 

-

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-

the financial statements are not in agreement with the accounting records and returns; or

-

certain disclosures of Trustees' remuneration specified by law are not made; or

-

we have not received all the information and explanations we require for our audit;

-

the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a strategic report.

Responsibilities of Trustees

As explained more fully in the statement of Trustees' responsibilities in relation to the financial statements set out on page 5, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

 

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

 

Auditor's responsibilities for the audit of the financial statements

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

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

CUNDALL MANOR LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CUNDALL MANOR LIMITED
- 10 -

The objectives of our audit, in respect to fraud are to identify and assess the risks of material misstatement of the financial statements due to fraud and obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses, and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

 

Our approach was as follows:

 

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

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's Trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

 

Frances Howard FCA (Senior Statutory Auditor)
25 June 2025
for and on behalf of Fortus Audit LLP
Business Advisors & Accountants
Statutory Auditor
Fortus Audit LLP
Business Advisors and Accountants
Equinox House
Shipton Road
York
YO30 5PA
CUNDALL MANOR LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
- 11 -
CURRENT FINANCIAL YEAR
Unrestricted
Restricted
Total
Total
funds
funds
as restated
2024
2024
2024
2023
Notes
£
£
£
£
Income
Charitable activities
3
5,106,560
-
5,106,560
4,979,677
Other trading activities
4
-
56,663
56,663
63,196
Investments
5
1,002
-
1,002
2
Total income
5,107,562
56,663
5,164,225
5,042,875
Expenditure
Raising funds
6
46,801
43,349
90,150
61,872
Charitable activities
7
5,263,326
25,917
5,289,243
4,931,764
Total expenditure
5,310,127
69,266
5,379,393
4,993,636
Net (expenditure)/income before transfers
(202,565)
(12,603)
(215,168)
49,239
Gross transfers between funds
74,558
(74,558)
-
-
Net (expenditure)/income for the year
Net movement in funds
(128,007)
(87,161)
(215,168)
49,239
Fund balances at 1 September 2023
3,493,633
102,213
3,595,846
3,546,607
Fund balances at 31 August 2024
3,365,626
15,052
3,380,678
3,595,846

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derives from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
CUNDALL MANOR LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
- 12 -
PRIOR FINANCIAL YEAR
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
as restated
as restated
Notes
£
£
£
Income
Charitable activities
3
4,979,677
-
4,979,677
Other trading activities
4
-
63,196
63,196
Investments
5
2
-
2
Total income
4,979,679
63,196
5,042,875
Expenditure
Raising funds
6
30,859
31,013
61,872
Charitable activities
7
4,900,751
31,013
4,931,764
Total expenditure
4,931,610
62,026
4,993,636
Net (expenditure)/income before transfers
48,069
1,170
49,239
Gross transfers between funds
39
(39)
-
Net (expenditure)/income for the year/
Net movement in funds
48,108
1,131
49,239
Fund balances at 1 September 2022
3,445,525
101,082
3,546,607
Fund balances at 31 August 2023
3,493,633
102,213
3,595,846

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derives from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
CUNDALL MANOR LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 AUGUST 2024
31 August 2024
- 13 -
2024
2023
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
10
5,459,887
5,483,242
Current assets
Stocks
11
67,396
72,091
Debtors
12
210,902
194,603
Cash at bank and in hand
16,474
50,638
294,772
317,332
Creditors: amounts falling due within one year
13
(1,933,823)
(1,525,442)
Net current liabilities
(1,639,051)
(1,208,110)
Total assets less current liabilities
3,820,836
4,275,132
Creditors: amounts falling due after more than one year
14
(440,158)
(679,286)
Net assets
3,380,678
3,595,846
Income funds
Restricted funds
18
15,052
102,213
Unrestricted funds - general
General unrestricted funds
1,927,583
2,055,590
Revaluation reserve
1,438,043
1,438,043
3,365,626
3,493,633
3,380,678
3,595,846

The Trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements were approved by the Trustees on 25 June 2025
Mr S J Kayll
Mrs R Powell
Trustee
Trustee
Company registration number 1036833
CUNDALL MANOR LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
- 14 -
2024
2023
as restated
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
25
44,017
342,416
Investing activities
Purchase of tangible fixed assets
(121,302)
(52,648)
Interest received
1,002
2
Net cash used in investing activities
(120,300)
(52,646)
Financing activities
Repayment of borrowings
(10,000)
(15,000)
Repayment of bank loans
(164,763)
(156,253)
Interest payable
(58,024)
(52,543)
Payment of obligations under finance leases
(6,754)
(8,178)
Net cash used in financing activities
(239,541)
(231,974)
Net (decrease)/increase in cash and cash equivalents
(315,824)
57,796
Cash and cash equivalents at beginning of year
(340,561)
(398,357)
Cash and cash equivalents at end of year
(656,385)
(340,561)
Relating to:
Cash at bank and in hand
16,474
50,638
Bank overdrafts included in creditors payable within one year
(672,859)
(391,199)
CUNDALL MANOR LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 15 -
1
Accounting policies
Charity information

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

 

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

1.1
Accounting convention

The financial statements have been prepared in accordance with the School's governing document, the Companies Act 2006, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued in October 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

 

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

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

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

1.2
Going concern

At the time of approving the financial statements, the governors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The governors therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

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

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

1.4
Income

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

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

Advanced fees

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

1.5
Expenditure

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

 

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

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

CUNDALL MANOR LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 16 -
1.6
Tangible fixed assets

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

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

 

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

Freehold property
50 to 200 years straight line
Fixtures, fittings and equipment
15% on cost straight line/ Portacabins 10% on cost straight line
Motor vehicles
25% on cost straight line
1.7
Stocks

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

1.8
Cash and cash equivalents

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

1.9
Financial instruments

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

Basic financial assets

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

Basic financial liabilities

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.10
Taxation

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

1.11
Employee benefits

Retirement benefits

The School participates in a defined benefit pension scheme but is unable to identify its share of the underlying assets and liabilities (see note 20 for more details). In accordance with the Charities SORP therefore, the scheme is accounted for as a defined contribution scheme. The School also contributes to a defined contribution pension scheme. The pension costs charged to the statement of financial activities are the total contributions payable to the schemes in respect of the accounting period.

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

1.12
Leases

Finance lease

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

1.13

School trips

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

CUNDALL MANOR LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 17 -
1.14

Fundraising

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

2
Critical accounting estimates and judgements

In the application of the School’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Charitable activities

Provision of education

Ancillary income

Total
2024

Provision of education

Ancillary income

Total
2023
2024
2024
2023
2023
£
£
£
£
£
£

Gross school fees

5,601,940
-
5,601,940
5,482,998
-
5,482,998

Less: Total bursaries, grants and allowances

(601,989)
-
(601,989)
(594,822)
-
(594,822)

Uniform sales

-
50,945
50,945
-
54,780
54,780

Other income

-
12,616
12,616
-
7,473
7,473

After school club income

-
7,477
7,477
-
9,180
9,180

Rental income

-
35,571
35,571
-
20,068
20,068
4,999,951
106,609
5,106,560
4,888,176
91,501
4,979,677
4
Other trading activities
Restricted
Restricted
funds
funds
2024
2023
as restated
£
£
Fundraising events
56,663
63,196
5
Investments
Unrestricted
Unrestricted
funds
funds
general
general
2024
2023
£
£
Interest receivable
1,002
2
CUNDALL MANOR LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 18 -
6
Raising funds
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
general
general
as restated
as restated
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Fundraising and publicity
Advertising
46,801
-
46,801
30,859
-
30,859
Other fundraising costs
-
43,349
43,349
-
31,013
31,013
Fundraising and publicity
46,801
43,349
90,150
30,859
31,013
61,872
46,801
43,349
90,150
30,859
31,013
61,872
7
Charitable activities

Charitable Expenditure

Charitable Expenditure

2024
2023
£
£

Tutorial staff costs

2,924,736
2,773,259

Domestic staff costs

263,957
272,940

Catering

342,712
332,781

Casual wages

22,905
36,156

Laundry and cleaning

64,242
57,306

Telephone and postage

18,071
14,636

Printing, stationery and advertising

45,224
58,269

Academic and school requisites

66,541
67,315

Music and sport

14,327
16,493

Classroom rental

4,642
1,528

Travelling and motor expenses

104,606
120,767

Uniforms

43,470
43,001

Other expenditure

-
2,278

After school club expenditure

5,198
8,182
3,920,631
3,804,911
Share of support costs (see note 8)
1,354,990
1,117,630
Share of governance costs (see note 8)
13,622
9,223
5,289,243
4,931,764
Analysis by fund
Unrestricted funds - general
5,263,326
4,900,751
Restricted funds
25,917
31,013
5,289,243
4,931,764
CUNDALL MANOR LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 19 -
8
Support costs
2024
2023
Support costs
Governance costs
2024
Support costs
Governance costs
2023
£
£
£
£
£
£
Other costs
Administration staff costs
423,424
-
423,424
401,071
-
401,071
Depreciation
77,627
-
77,627
84,137
-
84,137
General expenses
72,965
-
72,965
43,597
-
43,597

Financial costs

70,584
-
70,584
64,765
-
64,765

Legal and professional fees

83,258
-
83,258
78,861
-
78,861
Premises costs

Rates and water

56,212
-
56,212
30,438
-
30,438

Insurance

35,537
-
35,537
33,679
-
33,679

Light and heat

144,107
-
144,107
125,304
-
125,304

Repairs and maintenance

262,364
-
262,364
149,966
-
149,966

Hire of equipment

51,575
-
51,575
26,807
-
26,807

Freehold property depreciation

67,030
-
67,030
66,724
-
66,724

Swimming pool expenses

10,307
-
10,307
12,281
-
12,281
Audit fees
-
13,622
13,622
-
9,223
9,223
1,354,990
13,622
1,368,612
1,117,630
9,223
1,126,853
Analysed between
Charitable activities
1,354,990
13,622
1,368,612
1,117,630
9,223
1,126,853

During the year the charity paid audit fees of £13,622 (2023: £9,223), accountancy fees of £3,912 (2023: £5,588), payroll fees of £6,057 (2023: £4,037), and general financial advice fees of £nil (2023: £1,160). All costs are shown inclusive of VAT.

9
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Teaching
66
64
Domestic
12
12
Administration
12
12
Total
90
88
CUNDALL MANOR LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
9
Employees
(Continued)
- 20 -
Employment costs
2024
2023
£
£
Wages and salaries
2,709,608
2,671,975
Social security costs
271,907
261,859
Other pension costs
518,250
513,436
Termination payments  (redundancy and payments in lieu of notice)
112,352
-
Casual wages
22,905
36,156
3,635,022
3,483,426
The number of employees whose annual remuneration was £60,000 or more were:
2024
2023
Number
Number
£60,000 - £70,000
-
1
£90,000 - £100,000
1
1

The total paid to key management personnel during the year was £393,463 (2023: £384,056). This amount includes redundancy and payments in lieu of notice.

 

The total amount of termination payments awarded during the year, which were limited to statutory redundancy and payments in lieu of notice, was £112,352 (2023: £nil). At the year end £36,083 was included in accruals (2023: £nil).

10
Tangible fixed assets
Freehold property
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
Cost and valuation
At 1 September 2023
5,883,741
1,534,251
233,494
7,651,486
Additions
35,080
86,222
-
121,302
At 31 August 2024
5,918,821
1,620,473
233,494
7,772,788
Depreciation
At 1 September 2023
638,284
1,311,699
218,261
2,168,244
Depreciation charged in the year
67,030
66,604
11,023
144,657
At 31 August 2024
705,314
1,378,303
229,284
2,312,901
Carrying amount
At 31 August 2024
5,213,507
242,170
4,210
5,459,887
At 31 August 2023
5,245,457
222,552
15,233
5,483,242
CUNDALL MANOR LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
10
Tangible fixed assets
(Continued)
- 21 -

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £3,063 (2023 - £11,348) for the year.

 

2024
2023
£
£
Motor vehicles
385
3,448
11
Stocks
2024
2023
£
£
Goods for resale
67,396
72,091
12
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
58,308
25,554
Other debtors
26,796
3,230
Prepayments and accrued income
125,798
165,819
210,902
194,603
13
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Bank loans and overdrafts
15
856,935
554,548
Other borrowings
15
15,000
15,000
Trade creditors
216,845
169,191
Deferred income
17
514,431
434,923
Accruals
134,801
56,228
Other taxation and social security
60,341
68,363
Obligations under finance leases
524
6,754
Other creditors
134,946
220,435
1,933,823
1,525,442

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

CUNDALL MANOR LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 22 -
14
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans
15
338,670
524,160
Other borrowings
15
45,000
55,000
Deferred income
17
56,488
99,602
Obligations under finance leases
-
524
440,158
679,286

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

15
Loans and overdrafts
2024
2023
£
£
Bank overdrafts
672,859
391,199
Bank loans and mortgage
522,746
687,509
Other loans
60,000
70,000
1,255,605
1,148,708
Payable within one year
871,935
569,548
Payable after one year
383,670
579,160

The mortgage is repayable over 10 years from 18 April 2008 and expires on 2 May 2028, it had a year end balance of £256,577 (2023: £314,594). The interest rate is 2% over base rate. The bank loan is repayable over 10 years from 3 November 2016 and expires on 9 November 2026, it had a year end balance of £266,169 (2023: £372,915). The interest rate is 2.3% over base rate.

16
Secured debts

Borrowings of £522,746 (2023: £687,509) are secured on the charitable company’s freehold land and buildings and a fixed and floating charge over all current and fixed assets of the company.

CUNDALL MANOR LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 23 -
17
Deferred income
2024
2023
£
£
Fees received in advance at 1 September 2023
534,525
539,610
Released to statement of financial activities
(563,373)
(505,132)
Deferred in the period
550,959
512,761
Balance at 31 August 2024
570,919
534,525

Deferred income is included in the financial statements as follows:

2024
2023
£
£
Current liabilities
514,431
434,923
Non-current liabilities
56,488
99,602
570,919
534,525

Deferred income comprises fees received in advance for future periods.

CUNDALL MANOR LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 24 -
18
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Movement in funds
Balance at
1 September 2023

Income

Expenditure

Transfers
Balance at
31 August 2024
as restated
£
£
£
£
£
Capital donations
11,620
-
-
(11,620)
-
Summer ball donation
18,988
-
(24,299)
5,311
-
Wellbeing unit donations
456
-
-
(456)
-
Swimming pool changing rooms
23,064
-
-
(23,064)
-
Small donations
-
-
(1,618)
1,618
-
Friends of Cundall Manor
13,898
27,268
(22,149)
(13,965)
5,052
Ball Committee
34,187
29,395
(21,200)
(32,382)
10,000
102,213
56,663
(69,266)
(74,558)
15,052
Movement in funds
Balance at
1 September 2022

Income

Expenditure

Transfers
Balance at
31 August 2023
as restated
as restated
as restated
as restated
as restated
£
£
£
£
£
Capital donations
19,293
-
(7,673)
-
11,620
Summer ball donation
38,228
-
(20,595)
1,355
18,988
Wellbeing unit donations
610
-
(115)
(39)
456
Swimming pool changing rooms
20,880
-
(2,630)
4,814
23,064
Friends of Cundall Manor
5,989
23,469
(9,391)
(6,169)
13,898
Ball Committee
16,082
39,727
(21,622)
-
34,187
101,082
63,196
(62,026)
(39)
102,213

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

    

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

 

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

 

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

 

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

 

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

 

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

 

Transfers from restricted funds relate to the reallocation of the net book value of fixed assets to unrestricted funds, with the exception of £8k from the swimming pool changing rooms fund which relates to expenditure from the fund not allocated in previous years.

 

CUNDALL MANOR LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 25 -
19
Analysis of net assets between funds
Unrestricted funds
Restricted funds
Total
2024
2024
2024
£
£
£
Fund balances at 31 August 2024 are represented by:
Tangible assets
5,459,887
-
5,459,887
Current assets/(liabilities)
(1,654,103)
15,052
(1,639,051)
Long term liabilities
(440,158)
-
(440,158)
3,365,626
15,052
3,380,678
Unrestricted funds
Restricted funds
Total
2023
2023
2023
as restated
as restated
£
£
£
Fund balances at 31 August 2023 are represented by:
Tangible assets
5,455,728
27,514
5,483,242
Current assets/(liabilities)
(1,282,809)
74,699
(1,208,110)
Long term liabilities
(679,286)
-
(679,286)
3,493,633
102,213
3,595,846
20
Pension Schemes

The pension cost charge represents contributions payable by the School to the funds and amounted to £518,250 (2023: £513,436). There was £84,409 (2023: £85,918) outstanding to the pension scheme at the year end (including amounts collected from the employees).

21
Operating lease commitments
Lessee

At the reporting end date the School had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024
2023
£
£
Within one year
32,329
31,929
Between two and five years
63,858
92,330
96,187
124,259

During the year the charity recognised operating lease payments of £30,261 (2023: £22,086) as an expense.

 

 

 

 

 

CUNDALL MANOR LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 26 -
22
Related party transactions

During the year no Trustees (2023: none) received remuneration nor expenses (2023: none) for services provided to the charity.

 

During the year S Kayll, the wife of trustee S Kayll, received remuneration of £2,669 for admin services provided to the charity (2023: £nil).

 

Included in the staff costs of £3,671,104 are costs of £103,640 for 3 individuals; D Thyne, S Kayll, and F Thompson, who are close family members' of trustees C Burrows, S Kayll, and A Mindenhall (2023: £109,700 for the same 3 close family members). The salary and overall reward package has been approved by the governing body on an arms length basis in accordance with the trustees' policies on retention and reward. This employment is in accordance with all of the terms and conditions of the employment contract with the governing body. The sums involved comprises gross salary, national insurance and pension payments.

23
Prior year adjustment

During the accounting period the trustees have reviewed the accounting treatment of the results of various fundraising initiatives undertaken by the school and individuals associated with the school (typically parents of current and / or former pupils).  The trustees have concluded that the prior accounting should be refined so as to reflect the fact that the ultimate use of funds raised will be determined by the trustees, albeit in consultation with the individuals who have coordinated the fund raising activity.  The restricted funds balances at 31 August 2024 represent the balances of bank accounts over which the school has ultimate control.  

 

The effect of this refinement in accounting treatment is as follows:

 

 

There is no effect on unrestricted funds and therefore no effect on free reserves of the charity at 31 August 2023.

 

 

24
Members

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

25
Cash generated from operations
2024
2023
as restated
£
£
(Deficit)/surpus for the year
(215,168)
49,239
Adjustments for:
Investment income recognised in statement of financial activities
(1,002)
(2)
Interest payable
58,024
52,543
Depreciation and impairment of tangible fixed assets
144,657
150,861
Movements in working capital:
Decrease/(increase) in stocks
4,695
(9,025)
(Increase) in debtors
(16,299)
(3,372)
Increase in creditors
32,716
114,886
Increase/(decrease) in deferred income
36,394
(12,714)
Cash generated from operations
44,017
342,416
CUNDALL MANOR LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 27 -
26
Analysis of changes in net (debt)/funds
At 1 September 2023
Cash flows
At 31 August 2024
as restated
£
£
£
Cash at bank and in hand
50,638
(34,164)
16,474
Bank overdrafts
(391,199)
(281,660)
(672,859)
(340,561)
(315,824)
(656,385)
Loans falling due within one year
(178,349)
(20,727)
(199,076)
Loans falling due after more than one year
(579,160)
195,490
(383,670)
Obligations under finance leases
(7,278)
6,754
(524)
(1,105,348)
(134,307)
(1,239,655)
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