Company Numb•r 02789023 R•gl8t•r•d In England Charlty Numb•r. 1017853 St George's WEYBRIDGE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 ST GEORGE'S WEYBRIDGE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 CONTENTS Governors. Officers and Advisers Annual Report of the Governors.. - Directors, Report Straleglc Report Ind8pandenl Auditor's Report 25 Consolidated Statement of Financk91 Actlvitles 29 Con8olidaled ond School Balance Sheet 30 Con801Klaled Ca8hflow Ststemanl 31 Note8 lo tho Flnandal Slal8ments 32 ST GEORGE'S WEYBRIDGE GOVERNORS. OFFICERS AND ADVISERS GOVERNORS. DIRECTORS AND CHARITY TRUSTEES The Gov8mors of St Georgè's Weybridge I'lhe Charity, or'the Schc*)I'l are the Charitys tnAsla8s undar charity law and the directors of the charitable company. The mèmbers of the Goveming Body who served in office as Governors during the year and subsequently are detsiled below.. 12) 131 141 151 Mr D Nowlan Chalr of GoveTnof8 from 22 November 2021 Chair of Governors Retired 22 November 2021 MrJ M L8win Mrs S Allom ' MT D Blcarregul. Mr$ T 8owden' Mrs C 8umham Dr L Gordon MrJ Hood. Mr T Kirkham Mr N Lemmon Prol A H Muggerldge Mr5 S Munk Mr C S W Prescott Mrs M Salchel ' Mr5 C Shevlin. Vic8 Chair of Govarnors from 22 November 2021 Appointed 11 October 2021 into a casual vac8ncy Resl9ned 16 September 2022 111 Flnance 8nd Rlsk Commlttge, 121 Academic and Pastoral Commlttee 131 NominBllons and Governance Commltlee 141 Remunerallon Sub-committee 151 Josephile Ethos Commillee Parent of 8 pupII at one of the Schoo18 During the year the activities oflh8 Goveming Body w8r8 corrf8d out through flve commlllees. The mombershlp of these committees is shown above for oach govemor. OFFICERS Headg Sl George's College Weybridge Sl George's Junior School Weybridge TS RCF Owens MrA J Hudson The Bursar and Clerk ￿ the Gov8mor8 Clerk to the Govemor5 leffeclive Sept 20221 Mr G Cole MTS C Punt Addresses St Gowg•'8 Collo9• Weybridgè Road, Addlostone Surrey KT15 2QS 5t Georye's Junlor School Thames Street, Weybridge Surrey, KT13 8NL Web8f(e www.sl eo eswe brid e.com Page 1 ST GEORGE'S WEYBRIDGE GOVERNORS, OFFICERS AND ADVISERS Bankern- N8tlon81 Wegtmln8ter Bank p 9th Floor 280 Bishopsgate London EC2M 4AA Sollcltorn: Farrer & Co 66 Llncoln's Inn Flglds London WC2A 3LH Veale Wa5brough Vizards Orchard Court Orchard Lane Bristol BS15WS Audttor•: Moorg Klngslon Smlth LLP Chart818d Accountants and 8uslnès8 Advisers 9 hppohl Street London EC2A 2AP Pag8 2 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 The Governors of St Georga's W8ybridg8 prasent their annual report for the year ended 31,July 2022 under the Companies Ael 2006 and Charities Act 2011, thus including the Directors, Report and Strategic Rerx)rt under thÈ 2006 Acl, together with tha audited In8nci81 statements for the year. DIRECTORS, REPORT CONSTITUTION AND OBJECTS St Georg8's Weybridge {'the Charty, or 'th8 School'l was founded in 1993, when the running of Sl G8org8'S was transferred frorn rts founding Congregation of Josephites to a IBY board ol truste8s, and is registered with the Ch8rity Commlsslon under charty number 1017853. It is constituted as a company limited by guarantee registered in England, No 0278Y023. The Charity is governed by its Articl&s of AssociBtion last am8nd8d on 20 Doc8mb8r 2010. The Charity's objects, 88 setoul In the Articles of Assoclalion. are the advancement of eduealion by thè provision and conduct of a school or Schools for boys and gids lo enable the fuifilrnenl of the￿r academic potential and peT50nal development wlthln 8n ethos ol Chrlsllan Idealg whlch d8rlv8 Irom the Iradltlons and leaching of thè Roman Catholic Church and by ancillary or Incldenlal 8ducallon or religious activities lor the benefil ol the communlly. In furtherance of Ihls obl8Ct for the publbc bènèfll. the Ch8rily oporate3 two schools known 85 St George's College, Weybridge and Sl George's Junior School. Weybridg91'lh¢ Schools"). has established and adminislers bursaries, 8wArd5 and other benefactions. and acts as Ihe trustee and manager of property. endovmients. bequests 8nd gifts given or aslabllshed in the putsuance ol thiy object. The Charbly was known as Sl George's College Weybridge unUI 24 December 2012 when Companles House registered th8 change ol name to Sl G￿rg8'S Weybridge. AIMS. OBJECTIVES AND ACTIVITIES Alm• Tho Chadty's aims are.. to establish the Collegè 8$ a ¢ay school for 11-18-year-old boys and girls and the JunSor School a8 day school for 3-11 yeai old boy5 and girts, In which each child is encouraged lo fulfil their polenlial., lo offer 811 studen15 a ho115tlc range of opportunities so that they can achieve lo the best of their gbllity within a framework of shared Calhollc, Christian and Josephile values and standards., and ¢0 value and nurture students as indlviduals. giving them 8 sense of their own self-worth and of the value of service lo others, thus preparing them lor life beyond school. The Board Is mindful of the long-standing need lo provide public benefit and of the ￿qUIrementS of the Charttles Act 2011. In this connecb'on the Board ha8 monllored closely the guldanco on public benèfit produced by the Charity Corrimi55ion logether with ils Supp￿mental gui¢Jance on fee-charging. Prlmary Objectlves The primary objectives of tho Charity to fu￿1 Ihe5e alms are= lo provide a slirnulatingloarning •nwronm8nt in which studen15 can develop Ihwr academic potential lo the fulL' Poge 3 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 to provide 8 happy, safo and secure pastoral environment, rooted in the Rornan Catholic tradIt￿n and shaped by JosepliSle values, In whlch students develop a sense of communlty, eonsideralion, respecl nd support for one another., lo provide students wilh 8 br&8dth of curricular and co-curricular aclfvilles In order lo develop poSI￿velY all aspects ol their character and to enable thelr talents to be discovered., to provldè Ilnanclal support to enable children whose pgrenls are unable to afford the full feès to benefit ffom a Gèorgian educallon., to provide in8plraUonal govemance and leadershlp combined with 8lleclive managernenl,. to provid8 the necessary administrative and logistic framework to meal the needs of the Georgian Family. The annual obleclives for 2022123 are conlalned in the Strategic Report. The airns and obleclives Bet for tho Chorfly'8 8ub8ldlary is lo facililale the achievernenl of the Charity's girns and oblgclives as above. GOVERNANCE AND MANAGEMENT Gov•mlnq Body There 1$ one Governing Body for the School. Delalls of the membgrs ol Ihe Goveming Bedy, togelhgr wllh the Charity'8 offlcers and principal adwsers. are given on pages 1 and 2. Tho Governing Body is 58lf-appoinling. Governors are appointed for terms of three ye8r8 8nd may, upon r6- eleclion, serve up lo three termy. Governors may nol be reappointéd until one year has 8laps8d since Ihèlr1881 day of p￿or servlce. Recrultm•nt and Tralnlng of Govemorn New members of the Govemino Body are elected on the basis of varlous me3n5, such as seeking applic8tlons from Ihe Georgian Family or nomlnalions from the Governors Bnd the executlve offlceis. Selection is based upon Ihe candidales, professional qu81illes, commltmenl to thg Schools, experlence, per30nal competence and cap8city lo give ol Iheir lime. New Governors are inducted into the workings of the Schools. including Gov8rning Body policy and procedures. through an Induction process organlsed for Ihem by the Gl8rk to the Governors. New Govemor5 also attend specialist external COUTSg$ on the role and responslbilities of charity Iruslee8. Members oflhe Govemlng 8ody attend extemal Irt15tee training and information courses designed lo keep them informed and updal8d on current issues in the sector and regulatory Tequiremenls. Organisatlon•l Management The members of the Governing Body are legally responsible for the overall management and Control ol Ihe School. They m¢el four Ilmes a year. The work of irnplementing their pollcles Is carrfecl out by five Commlttees.. The Finance and R15k Committee scrutinises revenue, the budget, capital exp8ndilure, risk. saleguBrding, heath 8nd safety, projects and other maltgr5 relating lo the general running olthe School. This Commiltee also superylses and finalises the audited fin8ncial stslements and annual report for approval by the Governing Body. The Committee meets four time8 per year and reports to the Governing Body. The Committee Is chalred by Charles Prescott. P898 4 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 The Academic and Pastor81 Commlttee conslders educational and postoral policy. The Committee rneels three tsmes per year and reports lo the Governlng Body. The Cownmillee is chaired by Ann AAug9eridge. Ann Muggeridge wll retire in November 2022. CalheTlne Burnharn will then chalr the committee. The Nombnations and Governance Comrnitlee considers governor successlon 8nd screens nomlnated candidates for governorshlp. The Committee meets as required and reports lo the Gov8ining 8ody. The Committee is chaire¢J by David BicaThegui las of 22 November 20211. The Remuneratson Sub-commillèo considers all aspects of staff remuneratson. It rneeis thr•• ￿M#S per year as well BS hosting a consultstion meellng wilh staff representatives. 11 reports to the Finance and Risk Committ88 and is chaired by Jason Hood. The Josephlla Ethos Committee was formed on 19th September 2019 and is charged wllh overs&elng the active continuance of the Josephilo Ethos al Sl Gèorgo's, me¢gni5ing Ihal the number of religious In the Congregation Sn Europe is in decline. It meetg at leagt 3 times per ye8r Bnd 115 member5 consist ol Governor8,'J088phll88 and Staff. It reports to th8 Govemlng Body 8nd is chaired by Louise Gordon. The Board delegatès èxecutive r8sponslbilllies.lo the Heads of the respecb've schools and to th6 Bursar. The Bursar w8$ Clerk to Ihe Governors, Company Secretary lo the Cornpany and a 'direclor of the subsidiary Bnd joint venture compani•s. (ln Septèmber 2022, 8 81andalone Clerk lo the Governors was appoinledl. The Heods and Ihe Bursar otlend all meellngs 01 the Govemlng 8ody's Commlllee$. Structurn and R•latlon•hlp• Th& School has one wholly owned non-charfiablg Subsidiary, Sl George's Weybridg& Enterprises Limited, whose annual prolils are dona'ted to the School under the Gift Aid Schemg. The trading acllvitles ol Sl George, Weybridge Enterprises Limited primarily colnprise a retail oullel and revenue from letting of th& school c8mpu8 facllllles when not In use by the Schools. The School also has a joint venture, Sl George's Weybrfdge and Surrey County Tennis Centre Limlled I'lhe joint company'l, which is owned in equal partnership with Surrey Lawn Tennis Association. The purpose ol the loinl company is lo mointain and operate the 18nnis cenlre and operate a public memberyhlp scheme 19 raise revenue lo offset the running costs of the centre. Employm•nt and R•mun?ratlon Pollcy •nd Engag•m•nt wlth Employ••s We engage wlth our employees about future School activities and issues of dlrect concem (such as iermg 8nd conditionsl through 8 range ol mechanisms. All employees have Ihe opportunity to elect colleagues to represent Ihern on various commillges and groups that meet frorn time lo lime, including Teaching Staff Common Room Committ8•s and the Business Staff Forum. We also 8ngage with employees through questionnaires. surveys and staff meetings, and where possible include representatives in the development of HR policies. We have a range of detailed HR policles lo support and have regard to our 8Tnployee5' inlere5ts. OUT charitable and business objectives and lo ensure complian¢e with employment legislation. As part of enguring that the regard for ernployee interests affect5 Company decisions. in November 2022. all slaff will be invited lo partlClP81e in a 518ff engagement survey covering all aspects of their employment. Results from the18St survey in 2018 were overwhelmingly positive with 94°A of staff agreeing they would recommend th¢ SGhool as a good pl8ctr lo w(¥k. Governors further demonstrate regard for employees, Interests through $18ff remuneration. Remuneration is d8cidèd annually by the Board after receiving recommendalions for annual PBY rises from thè Finance and R'isk Committee which in lum receives recommendations from the Remuneration Sub-committee. Teachlng staff are paid on an intem31 scale wlh progress determined by appropriala p8rfomianc8 and tim•. Th8y receive addilional payments for management responsibility and duties above the contractual norm. A minority of business li.e. support) staff ar8 paid according to an inlemal scale with the remainder ol business stall remunerated with reference lo the market rate for'lhelr sector. A range of beneflts is 8vailable to staff such as Page 5 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 workplace pension conlribulions, staff f88 ramission, life assurance and enhanced access ¢0 priv818 health cover. From September 2021, Teachers can opt out of the Teachers, PensK)n Scheme and join a defined contribution pension scheme, logelher with 8quivalent critlcal illness and life cover. thus providing added choice. Business $toff Can elect to contribute to their scheme through Salary exchange. benefiting from the lax saving. Senior staff remun6rallon is linked to their perform8nce appra18als and is recommended by the Romuneratson Sub-Commille8 and approved by the Chair of th8 Board, Chalr of the Finance and Risk Committee and the Chair of the Remuneration Sub-ctsmmittee. The School has publlshed ils Gender Pay Gap Teport for 2021 which shows 8 mean gender pay gap of 15° 12020.. 130/.) and a median gap of 260/012020.. 25°ts1 due to the signific8nl m8jorlly of our lower paid roles being iaken up by women. The School 18 an equal opportunities employer and wlll Ireal all employees, members of the Georgian Famlly (i.e. people who have an a550clation with the Schools) 8nd any person vlslling the School In accordance with the Equalitios Act and Ihe School expect5 all omployo8s and 811 other members of the Gaorgian Family lo comply with this policy. Full 8nd falr consideration is givèn lo lob applications frorn disab18d parsons and due consider81ion is glven to their trainlng and employment needs. STATEMENT OF ACCOUNTING AND REPORTING RESPONSIBILITIES The m&mbers of the Governlng Body, as dlreclors of the charllable company, are r¢$ponsible for preparlng Ihe Annual Report and the linancial statements in a¢cord8nce wth appllcable law and United Klngdom Gener811y Accepted Accounting Pr8dice (United Kingdom Accounb'ng Standards). Company law requires the member8 of the Governing Body lo pr8P8r8 financial statements for eBch financial year. Under compony law lh8 Governlng Body members musl not approve the financial statements unless they are salislied thal they give a true and lair view ol the stala ol affairs ol the charitable company and of tho Incomlng resources gnd applic8tlon of resources, including the incom& and expen¢Jilure, of the charitable company lor that period. In prep8Hng Ih88e financial slalements, the Govgming Body m8rnbers are required to.. select the mosl suitable accounting policies and than apply Ihem consl818nlly', observe the methods and pdnciples in the Charities SORP., mgke judgments 8nrJ 8ccounling estimates that Bro reasonable and prudènl.. stale whether applicable UK Accounting Standards have been followed, subject to any moter181 departures disclosed and 8xpl8ined in the financial statements., and prepare th8 financial slalemenls on the going concern basis unless il is inappropriate lo presume that the tharitable company will continue In business. The rnemb8rs ofthe 13overning Body are reS[￿nSIble for koeping ad8qU81e accounllng records that are Sufficient lo show and explain the charitable company's Iransaclions, disclose wilh reasonable accuracy al any lime the financial position of th8 charitable company and enable them lo ensure th81 the flnancial statements comply with the Companies Act 2006 and the provi5iOn5 01 the School's constltution. They'are also responsible for S8leguarding the assets of tho School and hence for taking reasonable sleps for the prevention and detection ol fraud and olher Irregularities. Insofar as each of the Directors. as mèmbers ol the Goveming Body at the date ol approval of thi5 report, is aware. there is no relevant audit infomiation linformallon needed by Ihe charitable cornpany's audllor In connection with preparing the audit report) of which Ihe Gharilable company's auditor is unawar8. Each member of the Governing Body has taken all the steps that ho or she Should have taken as a member of Ihe Governlng Body in order lo make himself OT herself aware ol the r8lèv8nl audit information and lo establish that the charitable company's audilgi is aware of that infomiation. Page 6 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 STRATEGIC REPORT Govemors have consislenlly acted in the WBY we consKler. in good fallh, would be most likely to promole the success of the Charity which is in the b881 Inlarests of its beneficiaries. and in doing so have regard {amongst other maltersl lo. Thè likely con5equence5 of any dec151on in the long tsmi, Thè interests of the company's employees, The need lo foster the Charlly'5 rela￿onshIpS with its b&neliciaries, customers, suppliers, and other8, The impact of the Charity's operations on thè community and the environment, The desirability ol the Charfly malnlalnlng a reputation for high standards of businesg conduct and, The need to Oct fairty This has bean achlev8d through the appllcalion our MissiDn Slatemenl. Stral8gl8s and rosuliing action pLgn8 as 581 out b810w. 1411SSION STATEMENT To inspire all in our J068phite, Georgian Family lo be the very best version of themselves. STRATEGIES TO ACHIEVE THE PRIMARY 08JECTIVES The annual oblectivos gre derived from the Sl George'5 W.eybridge Slrateglc Plan, which has a 2+ y8Ar horlzon and groups strategic objectives into the following themes.. Ethos & Cullure, Academic. Enrichmgnl. People. Georgian Family and Community, Each of Ihese themes has an 3ccompanyjng Blralegy which in tum has a nurnber of plans designed lo make tangibla progress against tha slr81egy. Th• year h8s seen 8 relum lo some normalily after two years ofdlsruption due to ihe Covld-19 global pandemic. Nevertheless, the War in Ukraine and Ihe Gonsequenl global financiBI crisis, and the politic81 turmoil caused by un8xp8cted chBnge8 In the counlry'5 leadership, hav• rn•ant thgt Govemors have retained 8 dear locus on oxlemal laclors. A retum lo normol lovel of educallonal Idps h85 been a key focus for th8 8¢hool. something Ih8t paron18 highlighted as a key shortfall durlng the Covid period. Alongslde this, we have expanded Iha already very broad rBnge of CO&currlcular opportunillos, wllh an emphasls on non.sportSng Optic￿5. The Josephile Ethos Commi118e has condvcled an 8n81ysis of the unique ethos of the School, providing ihe ba518 for a serles of forward plans and 8Ction$ to ensure the elh0515 nurtured and ernbedded in a relevant way to all parts of Ihe Georgian Family. Complementlng thls work, the formal Equity, Diversity and Inclusion 8lruclure, sel up last year, is now providlng dlreclion and mom8nltJm in Ihls area. Learning Support deportments al btslh schools have been externally audited with addilion81 resource 8llocaled lo erTrh&nce further our inclusivity. Partn8r8hlps with local slate schools, pa￿'cUlarlY the Bourne Educational Trust Bnd the Lumen Learning Trust, have continued lo expand and develop over this period, including providlng 8n ¢)pportunlty lor one ol our Earfy Careor T&achers lo gain le8ching experience at another school lo mutual benefil. Our Bursary fundraising appeal h85 led to the lunding of 4 additional free places for local childran whose parents would not othernise afford our fee5. This lakes the number of children beneflling from a Transform81ional Bursorios lo 51. A major prq'ecl lo install Gmund Soufce Heat Pumps on the College sile has completed, and govemors have approved Tnore major invesiments in solar pholovollaic Instslkylions to increase our 5elf4Jeneration. 80th of these are major advances in our (Jecarbonisation strategy. Page 7 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 ACHIEVEMENTS AND PERFORMANCE Progress agalnst Annual ObJ•ctlv•• Obl•ctl¥o: Review our structures and processes for supporting SEND pupils Progr•$8: Exiemal audits of aAeh school were conducted by a Specialist Learning Support consultant. Her flndlngs are belng Implemented. including addilional sp6¢i8llsl staff 818ach school 8nd 8'whole school. approach to providlng suppc*l to chlldren wllh SEND, Conduct a wide-ran9lng parent suryey to inform luture slr8legy Complete, with summary outcomes being provided to parents an(1 measures In ￿sponSe lo parental concems being Implemented. Continue lo develop and implement actlve measur&s lo increase Equity. Div8lSlty and Indusion An EDI Steering Group is now in plac8, inclu(Jlng a Governor with 8 special locus on EDI malleT5, and EDI Worklng Groups have also boen populated wllh Leads appointed in each school for Race and Ethnicity, Gender and Neuro Diversity. All stsff have undertaken EDI training or development. Stvtjenl groups have been formed 81 the Collega. Continue develop our The GroLsnd Source Haat Pump syslam ai Ihe Coll¥gè is now Suslalnabllity Slralegy wllh a i operational. ￿MOVIng gas as the rn8in source ol our heatlng. The lirsl specific focus on decarbonisatlon elements of 8 550kWp Solar PV investment have been installed and this will continue Into next year. The Junlor School were awarded the Eco-schools Green Flag aWaTd. Revlew of Achl•vtrm•nti and P•rtormanG• for the Y••r A¢•demlc St Gaorga's Coll8ge students were apain awardèd an impressive sel ol r8suRs this summer. 98°h of grades wore A. . C al A level, with 88.svo al A'_B and 61.4% at A'.A. Our top 25% of candidates gained the equivalent of two A. grades and an A grade at A Ièv818nd an EPQ Grada 8. Flve students achbeved thoir Oxbridge places and a record number of nine students were accepted lo medical school. 82.￿ of students gained a place al Ihelr first choice of universlly wlh 880kn of students admilled lo either their firm or insurance choice. Over h81f of our students going lo univer51ty this year wll be attending a Russell Group univ8rsity. AI GCSE. the College achieved 100% flve A'_ C grades. 23 students gaine(J 51ralghl A'1819sl arKi 66 sludènls gained straighl A'IA19-71. 58% of grades at GCSE were A. . 8n increase of Ihrge percentage points from 2019 the last year when public examinations were sat. 64,3% of our mogt able Mathemauclans galned in. Further Maths GCSE. Three students W8r8 award￿ GCSE$ in Ihg following exlr¥-¢urri¢ular languages.. Mandarin and Russian all A's. All Year 10 IFourth Yearl Sludenls were entered for the IGCSE English L8nguage, a year earfy, with 100% gaining A"-C grades. Two Fourth Year students gained A"s in Russian and Spanish GCSE, three Thlrd Y8ars gained A'5 in Spanish and Ru5sion and one First Year student gained an A. in Spanish GCSE. At th8 Junlor School, there were 92 pupils in Year 6. Ninety chose lo sit the 11 + for St George'$ Col￿ge and all passèd th8 8ntr8nce examination. with 64 accepting places for September 2022. Junior School children wera awarded ning Academic Scholarships, one Music Scholarship, six Sports Scholarships and one Tennis Scholarship to ihe College. The Science department has reviewed and updated all plannlng for children In Years 5 and Q. ensuring that the children have plenty ol opportunities to incorporate IT into their learning. as w81183 taking part in many pr8dical Page B ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 hands-on aclivities. Both our teams made il through tha s8mi-finals of th8 Science National Quiz Club competition. coming 6th and 7th overall. We started the academic year by Celebrating Roald 08hl Day, making dream jars from the BFG wth Year 3. Our next challeng8 wa5 to arrange for the whole school to write a book about the G•Drgian valu•, ZEAL. 11 Was published in April 2022 and the money raised went to buy sèwing rnaehinè5 lor schools in the Congo. We also came runn&r-up in a public picture book competition run by the Reading Zone, this was a real collaboratwè èffort by all the pupils. We held two book fairs and had three author visits one pDèt V151110 encourage the children with their reading. Wo c818brated World Book Day with the whole school dressing up and many activities took placè around the school. In Maths all the children from Year Six and soma children from Year Five partlClP8tsd In the Prfmary Maths Challenge. Eight children then went on lo Complete the Junior Maths Challenge with the results involving thro4 ool¢J awards and five silvei awards. Following these resLJlls, two of our Year Six pupils then went on lo perform very well in the Kangaroo Challenge. We hAd great su¢ce55 in the online Quiz cornpets'lion with one of our Year SIX teams r8aching the National Finals. Many successful inler-school competitlons were run throughout thè year with learns taking part from Year Two lo Year SIX. Some highlights included our Y5 team comlng 2nd al the Luckley House Inl8r-School compelitlon and our Year Two team comlng 1st al the Greenfleld School compelilion. Finally, Sl George'5 Junlor School h051ed the Y4 Inler-school compelllion where 8gain one of our teams was the over811 winner. The Humani1188 Department $larted the academic year wllh an excillng Geography fiel¢ trlp lo Junlper Hall In the Surrey Hills. Here pupils took part in ortenleerlng. compass skills walk and undertook a land use sutvey. Map skills are dev&loped from early years al the Junior School and full use 1$ mado cf the Forost School a￿0 and Ihe Orchard field. In History. there wgrg themed days for Egypuan, Greek and Vlclorian loplcs lo enrich the curriculum. The whole sch¢xil celebrated Queen Ellzabelh's Platinum Jubilee wllh a serie$ of evon15 and workshops and more recently 8P8clal assemblles wore held to commemorate tho Ille of our long881 relgning menaroh. The lasl year h88 8een the RE dep8rtmtnl working hard lo realty 8rnbed th8 r81o1iv8ly new assessment standards issued bythe Catholic Church, These raise expectations f¢y children's aliainmenl and we are pleased lo s88 more an¢J more children rfslng io the challenge. Staff have taken an active role in ￿VIewIng 8nd giving feedback on th8 proposed new Religious Education Curriculum Directorate proposed by the 8ishops of England and Wales. This puis us In a strong poslb'on to begin exploring how to implement il for the benefit of th8 children when it has been finglised. Mu•lc College GCSE candldales performed very well wllh 500h Grade 91A' and 100% Grade 9-71A'.A, with p0811ive Value Added. A Level Results were also pleasing, wilh 50% receivSng a Grade A, and one student continuing 10 Study Music al univer511y. Wilh the release of restrictions and miligalions placed on groLJP music m8king, Ihe extr8-Eurricular provision lor the Music D8p8rtmenl flourished this year, and we saw a return to regular concerts, r8citals and music provision for Assemblies, Masses and other important school events. New BxtrB-curricular 8cb'vilies were added lo the schedule this year., both ihe Jazz Band and Advanced Pianists group proved popular 8ddllions. The College Orchestra is continuing lo thrive, and a substantial increase in membership w85 Seen this year; sirnilarfy, a rise in the number ol boys partaking in one or bolh choirs was sean. This year also saw the Introducllon of a barbershop quartet who performed al the Summer Concert and B Celebration of Achievement &vent. Lunchtime Live Recitals continued on 8 bl-weekly basis, with a focus on providing opportunities for musicians of all instruments and genres. Yet again, a reflective Service of Nine Lessons and Carols was given by the Charnber Choir who Blso performed the plainsong setting of the Requiem Mass for All SDuls Day. The Easter Term saw the continuatlDn ol extra-curricular acllvltie5 and Lunchtime Live Recila15. culminating in the Spring ConGert which coincided with the 24 hour Music Marathon in support of Sl. Joseph's African Aid. This evenl wa$ a sreal 5ucces5 with numerous sludents contributing to th& 24hrs of non-slop music. Particularly Page 9 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 notabl8 was the collabor8llon and cam8raderfe acms5 the year groups from the First Year all the way to th8 Upper Sixth. This event raised much needed funds lor the building of a well. The Summer Term saw a number of students make musical Contribulions lo their year group's 'Col6bration of Achievement, event. The $cholBrs also entertained paronts and students with their ensemble and solo performances at the new Scholars, Fastival. Also new this year was a song wrillng workshop wllh singer150ngwriler Hannah Jane Lewis. Music students from Years 9- 12 worked together to create and perform 8 number of L>riginal songs, wlh Hannah herself being extremely impressed with Ihe quality of the students, wot1(, We also held two large scale concerts - a Summer Serenade and a Rockshop concert featuring bands from 1st Yaar to Upper Sixth 8s w811 as the ever popular Staff Student Funk Band. The year culminated with our instrumentalists providing a rousing sand off lo the school lor the 5urnmer holidays in our whole school end of year celebration held in the Traiifinders Ho11. In lh8 Junlor Sehool, St was posslble lo run our full programmo of co-currbcular Mu8lc clubs thls year. A new addition lo our clubs list was Junior Percussion Ens8Fnbl8 ta run 3longsid8 our existing Percussion Ensemble. We now have Ilfteen Music clubs running every week in.tho Junior School Music department. A number of chSldren look ABRSM muslc 8x8my in school over the course of the year ￿th 49Vo achleving a pass, 42% achieving a Merit and 90A achieving a Disllnclion as well as Ghildren taking music exams through a variety of olhar muslc boards oulsld8 School including Trinily, Rockshop. Musical Theatre and MTB. By the Summer term, 187 pupils in Years 3-6 were having 1-1 in3lrumenlal le350ns in school. Two Ye8r 6 pupi15 applied for Muslc scholarships lo senlor schools, 8nd both were succ888ful In belng awarded Muslc scholarships. One signiftcant change we made last year was to the Years 3 and 4 Instrumental Scheme. The children now have th8 opportunily to leam nlne different instruments during th8 cours8 ol Ye8r 3 rather than188ming just one instrument. They spend three weeks on each in¥lrurnenl in a pair, belng taught by our VMTS. Those Instrumènts are the violin. c8110, double bass, flute, c*oe, clarinet, trumpet, trombone and french horn. As result of the changes lo the Scheme we have had a bigger uplake in children starting 1-1 instrumental le550n8 following on Imm the Scheme. Durin9 the Christmas 18rm our concerts were a mixluro of live Stream 8nd liv8 audience. Our Inlormal Concert In October w8$ followed by a pi8no recS181 in November lo welcome our new grand piano lo the Drama Hall. In December we hod a very successful Christmas Concgrt involving all our en88mbles followed by our Carol Services. These unfortunalely had lo be sep8rated Into Individual ygar group s8ryice5 with one week5, notic8 ue lo the change in Covid regulallons. The children wgre incredibly adaptable, with 811 tho choirs suddenly havlng lo perform Sn separate year groups. The end r8suIt was four very successful Carol S&rvlc8s wlth every chlld in Years 3-6 taking part. Children in EYFS and Lower Years gnjoyed preparing for their ye8r group n81ivlli&s and 811 their performances look place in front ol a Ilve audience. In Ihe Easter term our three Inter-House Music competitions were adjudicated externally, lor the first time in three years and at the end of term, we had our hugely successful inaugural Choral Concert involving all four cholrs- Lower Year5 Cholr. Junior Choir, Senior Choir and Chamber Choir. There were 140 children taking part aged 5-11 years. The conc6rt look place In the chap81. and il was Incredlbly well sUPPOrted by the parents with a great deal of positive feedback from the parents afterwards. During the Summer term our Junior and Senior Sumrner Concerts involved 811 our ensemble5 a5 well as number of soloists. Both concerts were led by the children, welcoming the audiences lo the concert5 and announcing the ilerns.11 was lovely lo see the children taking ownershlp of these events. Pupi15 In Year 1 performed on the recorder In thelr end of term 8ssembly as well as L¢)wer Years Choir performing beaulilully. In the Year 2 end of term assembly, the children gave their first public p¥rfoman¢e on the ukulole, plawng a5 year group and il was very well received by the parents. The Music Outreach Programme hosted our KS1 Chor81 Festival In M8y which involved three local prlmary schoo15 corning lo the Junior School to join our Lower Years Choir for an afternoon of vocal fun and games. We also had a visit from Lin Marsh, a leading cornpos6r who spècialisas in vocal works for yOL4ng peoplg. Having led two choral workshops with Junior School pupils, Lin then led a twilight session after school lor local music le8ch8r5 8Kploring tlifferent ways ol encouraging children lo sing. We had Music leads from eight different local schools join One o>f the highlights of the term was our collaboration with Just So Singers, a Page 10 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 special needs choir run by Surrey Arts. They came to spend the afternoon with our Junior Choir. k well as enjoying singing together, the children frown Just So Singers also taught our pupils how to sign their songs as this is how they 5e3m all their rnusic. They sign and sing at the Same lime a5 some of the children in their choir are deaf. The Just So Singers teachers were quite oVe￿helmed 81 how the Junior School children welcomed Ihelr choir so happily. We are looking trIn￿ard to more coll8bor8lion8 with Just So Slnger5 and Surrey Arts next terT71. A5 W811 a5 local schools coming lo us. the Junior School Dlrector of Music 81s0 visits local schools to help Music leads ty and embed music into their school currfculum and to Iggl more confident leaching the subj&ct. Sport Al the College, after the constant inleriupts'on lo the sportlng programme over the past 3 years, it's wonderful to see 8 ftjll year ol sport and competition back at the College. With 174 teams representing Sl George's In wida rBnge of sport8, We have amassed 1018 fixtures and numerous national accolades. Th8 school ha5 tseen packed wllh action, as all facllitSes have been In constant use and it's been great to see parentg enjoying sport all ovér th& College grounds. A blg thank you lo the grounds siaff lor their exceptional work in providing such outstanding facllllles an(1 lo the students lor repre8enllng Sl George's with such Zeal & H8pplnessl Thts aulurnn term Sow a slighlty rnodilied rugby programme lake place, with age groups being held back a year due lo missing out on key are8s of development. We also created three lypeg of rugby., lull contact, hybrid and touch has been very well-recoivod and11 is great lo see success in all forms. The Girls hockey teams have also produced a number of strong performances throughout the year. The 8, C & O teams in all age groups have been incredibly cr)mpelilwe, secuiing some great wins and developing their skill. The U12's & U13'8 flnlshed the yèar as County champSons Boys, hockey has progre88ed well this half term, with over 250 boys partlclp811ng in fixtur99 for Ihg Collgge. nd The U12A won the Surrey ch8mpionshipB, U13A finished 2 in the National Independent School Cup. U14A won the South East Flnals progressing lo the Nallonal Flnals after Easter and the U15A finished 3, natlonolty in the ISHC. The U168 where narrowly knocked out in the la5116 of the England Hockey Cup on penalty Strokes, with the U14's sacuring a bronze med81 at the National Finals. Thè U16 & U18 Boys Indoor Hockey teams both qualilied for the National Finals and came 314 & 5lh respectively The success of our netball teams In Ihe Saturday Ixtures 3nd mldweek matches was encornpassed by the pèrformance of the U12A Team and U14A t8am al lh8 Surrgy Schools Flnals. Th8 U12'8 played somè wondtsrful netball although missed out on a finals place, wllh Ihe U14's domlnalng ag8lnsl 80me Incredibly slrong schools on the way lo bècoming County Champions It was greBt to see so much crfck81 belng played this year wilh up to 200 match88 iaking plac£. Th8 amount of teams that have represented the school have increased. with 25 teams playlng over the lemi and we 8180 saw th8 introdU￿10n of a Girls 1x1. There were many team accomplishments thi$ year with th¢ U15A boys and U14A girls reaching the auarter-Flnals of the Surrey Cup, the U13A glr15 and 1 Xl boys reached the Seml- Finals of th8 ESCA Cup and Suttey Cup raspectively. SGC have enjoyed a suGGessful summer term of lenni5. Our junior5 were runners up in the Independent Schools League. Our U13 girls won the Surrey Schools tennis Festival and Surrey League Cup. The U18s a150 won the Surrey League Cup. The U14 boys team won the Surrey League Cup and the U13s flnished runners up. Our U13 girls have v￿n their regional groL4P lor Nalionals and will continue the next stage in September. This year ha5 been the busiest ever at the Boat Club parlcular hlghllghts were the 314th year I￿p to Peterborough Regatta which saw the U14 &U15 groups compete in over 80 r8ces over 8 iwo day pèriod. The girls U18 1 Vlll qualified and race at Women's Henley Regalla winning their first round and evèntU811y finding out that this made thern the 61h fastest crew in the country. The Boys U18 1&1 Vlll qualified for Henlay Royal Regatta. The Girfs U16 4 won a bronze mèdal at the National Schools, Regatta. with the U18 Boys 4 going one slep further in securing a silv8r. P8ge11 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 Athletics h85 been incredibly competitive. wilh all teams Gompeting very well al the ESAA Championships, il was the junior gids team consisting of Some outstanding young athletes, that n8rrowly mi$sèd on the National Schools, Final. They won Ihelr South qualifier comfortably but fell just short of the qu8lifylng mark overall. The cross country team have been the re81 highlight of the term. as they progr8ss8d lo Ihe National Fina18 In Newquay. finishing a very credibl8 t2￿ in our first finals appearance. In Golf. both the Juniors and the Seniors participated In 81nglé day events at the Junior Open at Drayton Park and the HG Trophy up In Warwick respectively.. It W88 8 gre81 leamlng experlence for both groups and a reg1 1gsI of their golflng Sklll under 8lrok8 play conditi￿$, Sludenl Achiev8ments 2x Students represenled England in hockey al U1818vèl In both the boys & glrfs tgams lx student represented England in cross country lx sludenl represented GB U16 in tennis 2x students Tepresenled GB in rowing lx sludènl represented Belgium in rowin9 lx sludenl rgprgsenled Surrey Stsrs Ladles Crlckel Toam At Ihtr Junior School, we have achleved the Plallnum Sports aword for our delivery ofPE and Gamg's both wllhin the curriculum and lor our exlr8-curyicularllixlure provision. AcliV6 Surrey cornmended bolh our Colour Run Initiative and tho iniroducllon of football having listened to pupll voice and hosting 8 Sports Forum. We now h8ve fixtures ￿th Jome new 8choolg', Manor House, Papplewlck. ACS Cobham, RGS Guildford, Surt)ilon H￿h Prep School, Claremont Fan Court School, Winchester House. These fixtures are more locol, we hove recelved ptsslllve feedback from Parenls due lo reduced travel Ilmes. We now 8nter gix new compelilions.. U10 Girls, U10 Boys, U11 Girls and U11 Boys Surrey FA Cup and U11 IAPS Football Ilor both boy5 and girts) We have been invlted lo elghl new football toumamenls Sports highlights lo dale thi8 ye8r are 88 below.. GITls' Football- we h8ve had 41 matches this ham of term Inol Includlng loumamenl31 U11 Glr15 are through lo Ihe second round ol the s￿￿eY Cup having won thwr first round 13 U11A won all fixtures this year (Hoebridga, Manor House, ACS Cobhaml U10BCD won all lixlures this year (Manor House, St Teres8'sl Boys. Foolball- we have had 55 matches this hall of lemi (not In¢lu¢Jlng toumamenls U7 boys won the RGS Football loumamenl U9 boys Edgeborough tournament winners U10 Boys through to the Quarter Finals of the Surr•y Cup having won their Second round 3-2 Girls, Hock8y U11A IAPS Reglonal Winners U11A team won the Cranleigh lournamenl U11A team won the Hoebrldge tournament Qualified for U11A IAPS National Finals U118 team won the Cranlelgh loum8menl Paoe 12 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 Art At the College, the year group perfom18d wall achieving 54% A'_A grad88 8nd 100Vè A'.C. The GCSE students perfomied outstandingly well with 58Vo of our slud&n18 achieving a 9-8 grade and 92% attaining a 9- 7. Thi5 was up 21% on the previous year. The department was back to running a full itinerary of KS3 exlracurricular aclivits8s with club5 such as digital art, teyliles, printmaking, drawing, portfolio ￿ParatIOn and manga comiG Glub running over lunchtimes. There w8rè also opportunllies lor younger students to stay after school lo tske part in art clubs. Mongsi¢Y8 these enrichment activitl8s we were able lo run life drawing, portrolio preparation and support sessions for GCSE and A level students. The department made a concerted effort tu push the 8chl8vem8n15 of the $ludents beyond the art rooms wilh new inilialives such as 'Artisl of the Week, where 3 student's work is selected and exhibited at school and their work is celebrated and featured in the Headg half lermly newsleller. We had an active role in the house Sy51ern running a mkjral competition basod on the Chaplaincy values and a junior competition lo design a mascot lor each house. The winning ma8coI entries were then digllised by 8 third year scholar and used oh banners and boards lor sports day. We were ablè lo start running trips again and our Art scholars had the chance lo visll thè Barbican for a day of phologr8phy, dr8wing and a visit lo the exhibition 'Our Tim8 on Earth,. The Sixth form visile¢J London exploring EBSI London and the Whilechapel Gallery lo support and Inspire their new coursework project, The Sixth farm were also able Io vi511 the critically acclaimed artist EmTna.Leone Palrner in Addleslon& as sh8 pr8par8d lor her new exhibition LUX. This summer we were oble lo host the SGC Surnmer Exhlbilion after a Ihree-year break and the event wos a great occasion. Art scholars 8180 had th8 chance lo exhibit and demonstrate their skills al tha Scholars Festival and the event proved a lovely w8y lo pull the year to a dose. Al the Junior School, in Year 6 they created Pop Art onomatopoe￿¢ canvas,, Modroc rnovemenl figures and surreal 8nima13. These Projecis covered a wld8 varl8ly of m8teri818 and techniqu88 includlng paintlng. sculpture and focused drawlng. Within DT, they created reversible desk lidles made from folded plastic and each bulll w¢)o¢Jen storage box of Iheir design. These projecis allowed th8 pupils lo gel more hands on will plasts'c formers, hand drllls, hacksaws and hammers. truty challenging their constwction skills. In Year 5, they created perspectlve walercolour landscapes. s8a th8m8d C8famic columns and a mark m8klng quadtychs. They locused on paintlng, glazed ceramlcs and drawing. In addition, In the Summer lerm, (hey had a printmaking workshop with Liam 8i5well, which ran over two days. This Bllow8d all pupils lo lak8 part and lor the art scholgrship group lo attend an extended workshop after school. They all crealod high quality etchings nd experimenlerj with dlfferenl effects, wllh the Art scholarship group being challenged lurther. to help Ihern build a n8w element in to Ih8Sr portfolios. Wilhin DT. they created cardboard marble runs, zoetropes and environmenlallyfocused wincl turbines. Wlnd turbines was a new Project this year and the pupils really embraced learning about renewabla energy and the lulure of tha planet's resources, In Year 4, they created mixed med18 Afrlc8n m89ks, poly-ule prlnled cities and drawn portrai15. Thls enabled them lo learn about a rBng8 ol techniques and materials includlng painting, printmaking and focused observational drawing. Withln DT, they created wooden calapulls, fabric decorated parachutes and pneumotlc claw games. They weig able lo dgvelop knowledge in construction and design development, as w811 as focusing on methods of motion including lension, drBg 8nd alr pressure. For the Autumn Temi, we broughl in a new Hr)use Art competition, where puplls were asked lo'creale a special piece ol bird themed ariwork Ihal ielales Io yokjr House,. This was lo be complel8d over the Iwo-week half term nd handed in forjudging. We had a wide rango of enlries which truly showed and promoted the 5ki11s of all the puplls. We displayed all the House Art in the Chapel Foyer. 11 was lov•ly to See 811 pupils 8pp.recialing the work and commenting on the wonderful achievements of others. For Christmas, we maintained the new tradition ol decorating the Christmas tree with pupil-mad8 ornaments, All pupils created their own decoration with each year group being givgn a different festive shape, This would mean that. overthe years, pupils create their own collection of St. Georgè's decorations, giwng them 8 memento and 8 representation of IheiT junior school years. Our big commitment this year was producing the schoolbook 'A Georgian Tale.. What's thè 0881 wlth Zeal?,. This was a collaboratsve project, wlh the Library, English and Art departmenl, which was completed during the Easler Term. All school pupils were involved with ch005ing names through to writing the story al able writer's club. Within illustr8tion dub, wè d8v8lop8d thè illuslralions for the book, working with the talents of Year S and Year 6. This was a huge succes$ and huge undertaking by all. In May. the Art Department manged to source Page 13 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 book printing company who printed suppli8fl the schoolbookjusl in lime for Book Fair Week in June. We have currently managed to sell 171 of the 200 printed. Thi5 raised money for the SJAA charity in th9 DR Congo. who buys sewing machines for girts to leam a key skill Of gamiÈnt making in school. This book entered the Readingzone Picture Book Competition 2022 where It recelved Runner Up for the Achievement Award. Orama Al the College, In the lasl academic y88r, Ihe Drama students and teachers have worked incradlbly hard lo en8ure the GCSE students a¢hieved their polènlial. The year group perfomied exceptionally well, with 45Vo of our Students achieving a 9-8 grade, up 25% on 2021 and 27% on the 2020 results. This success was in part bulk on the huge cornmilment shown by the Drama leacherg who put together 8ddlllon81 Support sessions and worked incredibly hard lo overcom8 th8 ch811enges the subject and these students have faced over tho IAst vo ye8rs. The department was back to runnSng a full ib'nerary of KS3 extracvrrieular activities 8nd len Students wère able to experience worklng with light and sound as part ol the Technical Theatre Club. 45 sludenlg look thelr LAMOA exams in June 2022 wlh 66.6% achieving distinctions and 31.1 Yo achi8vlng merits. The departmènt kickad oll the year with 8 production of Ashputtel, the Brothers Grimm's roworking of Charles Perraull's Cendnllon Icinderellal, The Second Ye8rs enjoyed b8ing back on the stage and il was great to saa the theatre full agaln. Thls was lollcwed by A Monster Calls by Garnegie Medal-winning Patrfck Ness, which builds on the final idea of rnuch-loved author Slobhan Dowd. The Iherne ol illness and family bereavemant through the eyes of a child felt like an important topic lo deal with at this lime. The Easter term gave the Fourth Year an opportunity lo pul their stamp on the play School lor Scandal by Richard 8rinsley Sheridan, giving It a modern twist. First Year students made a welcome return lo Shakespeare, performing the ever popular and always challenglng A Mldsummer Night's Dream. The Drama scholars worked on a perforwance of one ol Sophocles, earliast surviving plays, AnlffJone lor th8 inaugural gcholar$' festival. There w89 8lso a fir51 lor the Drama department with the Third YeBrs performing The Cuiicus Incidenl of th8 Dog In the Nlght-Tlmg, with 8 live stream golng out lo famlli8s of students who would be jolning the school In September 2022. And a5 Ihealres began to rèopen and produclions began again in earnest, the Drama dapartment wa$19d no lime in OTganising trips to shows includlng Rare Earth Metal al the Royal Court Theatre. Punch Drunk's Immerslve producti'on The Bumt City and Tennes8ee Williams. The Glas5 Menagerie slaTing Amy Adams. Al the Junlor School, we are r8li$hing the opportunty lo h8ve ? live audience with our productions in tsjr new audilorturn. 11 has brought a n8w exGilemant lo every production. Al the end of the last academic year we said goodbye to Year 6 wllh 'Seussical the Musical." A Irernendously fun arN8lg8fflalion of 8 few of. the tales from Dr Seuss. Thi5 showcased some fanlastic acllng and singing 181ents and also brlnging some of the artistic cap8bilille8 to the fore in prop making and sel building. We performed Iwo very busy nlghls with an excellant reception. Year 4 developed their physical characlerisati'on went back Sn Ilme to ￿rfOrM a historical piece revolving round Queen Boudica and the Roman empira. Th¢ stud¢nts loved gxplvrfng the brutslily of the lime and enjoyed11 thoroughly. They also look part in 'Greek day which included many different exercises throughout thè d8y- in drama. they designed and made their own Greek theatdcal masks explorlng some fascinating oxpressions. For year 5. the Music and Drama departrnent teamed up once more io creat8 Dur v8ry own sll8nt fllm festival. This lime, each class worked on films With opposing titles, such as Lightl Dark and Lovel Hate. Al the end of tho Summgr term there was a film festival showcasing all ol th8 wonderful cornpositions and stories. This lemi, we hav8 just completed a dive into the Middle Ages with an edited performance of Geoffrey Chaucer's The Canlerbury Tales." The history of these moral tales resonated wilh today's worfd just as much as they would have done all those years ago. Page 14 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 Year 3 went on a trip to Wonderland with an Easter production Alice ihe Musical. With a small amount of rehearsal time, there were some fantastic slandout performances and Some seriously silly fun had by all who came lo w8lch. Year 6 had a tremendou5 year with their LAMDA speech and drama exams. In the Summer lemi they completed their course for verse and pr05e, public speaking and acting 8xams achieving a 950% Distinction rate. Co*urrlcular Actlvhl•• and Trlps The extra-curricular activit185 IECAI prograrnme saw a growth lo jusl over 170 clubs on offor for the Students in September 2021, with an Incre858d locus on STEM and the Arts. New dub5 such as1858r construction, woodwork ond origami gave the DT fanallcs opportunities they had bgen craving. while the Inlroducts'on of Dungeons & Dragons palr8d with the heighl8ned Interest in Warhammer. meant that crealivily was abound In these RPG based clubs- also the ChaplainGy team conunued with hosting board gamgs on a Monday lunch for tho mor8 Irèdilional game playersl The Activity Centre was Sta￿.ng to be used to it$ C8P8city, wlth mornlng, ltsnch and after-school sporting 8ctivib.es filling all available spaces. Climbing became an increasingly popular option, with more sessions being introdu¢ed In Ihe week and a talented group of Thlrd -and-Fourth Year students 8t8rting lo develop all parts of their techniqug. The lop floor was an incredibly versatilg space wilh actlvilies such as d8nce,'lable tennis, yoga, pilBtes and House events taking place, while the new golf slmulalor has been fully bo¢ked. The Duke of Edinburgh Award continues lo excel, with 134 Third Year stud8nts taking p8rt Bronze DolE Exp8dilion and 92 hBving currently achleved Ihè 8w8rd,' 22 Fourth- ond Flfth-year students undertook their Silver DolE Expedition$ with 5 students having achieved their Award lo dale and 10 Sixth Form stud8nl8 compleled their Gold DofE Expedition. wilh 3 students having completèd their award. The numbers are looking incwdlbly pogillve again this year, with all involved in DOE anllcipaling further success. The extension progr8rnme. which inilially startod wlth an Bcademic focus, has continued lo grow. Drama, Art and Music are among the area5 to offer a grgaler amounl of developmental acllvllies for thelr scholars, with sport continuing to Dffer provision individually and to tha scholar body as a whole. We ttad a cautious relum lo School trips in 2021-22, for ex8mple 8 day trip lo Birmingham's Germ8n Christmas Markets r8placing the u8U81 overseas visit. Other doy trips includel, Sl Charles Borrorneo Catholic Primary School and Cardinal Newman C81holl¢ Prlmary School as well as the JS Lower Y88rs Cholr. A series of Twilight Se35ion5 allended by local school. Music L8ad5 Iclgves School, Cardinal Newman Catholic Primary School, St Paul's Primory School, St Charles Borromeo Catholic Primary School, Royal Kent CofE School, Horsell Infant Village School, Sayes Court Primary School and Surrey Arts) hosted by Lin Marsh, sharing ideas as to how lo enlhu5e children when singing and tips on technique and choosSng rep8rt01ffj. Al Sayes Court Prirnary School, a Vocal Afternoon where the Director of Music . IJS) look two singing sessions. one with EYFS-KS1 and another with KS2, to demonstrate different ways of leadino a whole school sin9ing. session. Pag819 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 Actlvliy De•crip￿on A m8ellng between the Director of Music (juni￿ School) 8nd the Saye5 Court Primary School Muslc Lead to share resources and ideas as lo how lo embed music into the School. A Year 2 Football Toum8m8nl hosted at the Junior School with 50 pupils from st Charles Borromeo CalholSc Primary School and Holy Famity Prtmary School, An 1nvilalional.year 3- Yeor 6 Cross County Meet Involthnd a 10181 of 120 pupils from Claves School, Cardinal Newman Catholic Primary School, Sl James Primary School and St Charles Borromeo Calhollc Prlmary School. The delivery of a Sports Leader training 8esslon, "Sports Crew,. via Actival Surr8y, involving pupils from Ongar Place Primary School and Thorpe Lea Primary School 88 well as selocled Junior School pupils. a tot81 of 40. To Darley Dene Prlmary School, Ihe u8è of f8cilitses lo h05t a Senior Leadership Team Strategy Day, An on90ing Raading Scheme initiative with Jubllee High School vtherg 20 Sixth Fom students are help JHS Lower Years Students. To Salesian School, Healhside School, Sl Paul'5 C8lholi¢ Colleg8 Sunbury. and Three Rivers Academy, the invofvemgnt In mock unlversily InleThlews lor Slxlh Form students. Support to Affiliated Ov•r••a8 School• The Congregation of Josephiles operate and finance the running ol seven schools in the Democratic Republic of the Congo. Sl George's Wgybridge makes a direct financial conlribvlion lo the 5choo15 on a termly basis. Par&nls, s18ff and students undettske further fund-raiylng on an ongoing basis. Total r8ised 2021122 £25k (2020/21 £28k?. Advancement of Rellglon Both schools are used free of charge by Ioc81 parishos for activities such as rgtrg013. St Ggorge's makes ils facilllle5 available annually, free ol charge, lo ho81 the confirmation of slLJdents of all Catholic parishes in th& Deanery. Support to Other Chorltlo$ To B88-lieve Foundatlon, 8 chlldr8n'8 mental health charity set up by the Headteacher of Holy Family Cathollc Prfmary School, the use of facilities to host Charity Ball. To E¢Jen Aid, a charity delivering aid and transporting people fleelng conflict in Ukraine, the provision of a 9-sealer minibus for four-weeks during the summer holiday lo make return journeys to the Ukrainian border delivering aid, and bringing back vulnerable refugees. The Collego 5rf(e hos15 The ClubhoLtse Project, a charity which provide5 8 day centre lor young adult5 Wth leaming disabilities, Mon-Fri, 50 weeks per year. opp.ortunities are p.rovided for some of the clients lo cary. ouliobs in the school Page 20 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 ActSvlty Dtscrlptlon Bs part of their stimulation and d8velopmeni. Although disnJpt8d ty Covld, we have been able to facilltale the re-opening of TCP. The provlsion of meellng 8nd training facilities lo Surrey Search and Rescue. This includ8d an invite only event for regular supporters ol the charity. To the Wey Landscape Partner8hlp, thè PTOVi5ion of meeting facilities. To the Salvation Army, regular donallons to the local food bank from both staff and students. To the Salvallon Army. malnt8nanc8 al the local food bank involving sorting. paSnting and gardenlng. The provl$lon of meeting and Ir8inSng faeilllies to th& S8marilans for First Tr8lning 8e5sions. To the Whltely Homes Trust, both gardening and the PTovi$lon of enlert81nmenl lo the residents of the Eliza Palmer Hub in the lom of a qulz and musical performance, Support ta the Wld•r Communlty An ongoing R8ading Schem8 involving SO SGC Studenls and 50 Syrian refugees from across the country who are paired up and mo91 logather online for 30- mlnules, twice o week. Through InlraRed Capital Pmflners Bu8lne88 Community Engagemgnl work. Ihe donation of 23x Prornethean Inleraclivo Whiteboards and 22x Data Prg'oclors Im8lority Hllachi EO-AW100NI to be di8lributed lo maintain?d schools In deprived areas where digilal povety Is a common theme. To Walton Cricket Club, the provision ol mlnlbuses Iwilh drtversl lo transport 20 chlldren Irom Ioc81 m8lnlalned 8chods wlth o Sp6¢1al Educallon81 Needs and Disabillly cohort to 8 Series of free and Drganis8d activity sessions leading lo short fomiat crfcket games on foul occasions in JunelJuly 2022. The JS expected to permil us• of the plo￿n9 fields for parking for the Weybridge I Ladies Amateur Rowing. Club 8nnual regatta, butthis year's event w89 cancelled i dué lo the river being reslricled by moored craft and encroaching vegelalion along the bank$. To the Tanya Smith School of Irish Dancing. the provision of 100 chairs fvr use al 8n annual charity evenl supporting SMS ISmith-Mageni5 Syndrome) and The Nation81 Au1I51ic Society. The Slxth Fom host a social evening 88Gh week attended by a group of refugees housed in iwo hotels in Ihe Ioc81 are8, one in Kingston and th8 Othèr in East Horsley. Minibuses are provided by the School and driven by slaff volunteers. The College 0ry8nlses an annual week-IC￿g piiqrimBge to Lourdes lor a number of local disadvanlag8d peopl8. Sixlh Formers act as young help&rs and staff attend, in their own timg. as adult helpers. The 2020 and 2021 pilgrimages have had lo be cancelled due to Covid-19 bul returned in 2022. P898 21 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 Actlvlty Descrlptlon All College Ihlr(J years engage in a series of community service Projects on individu81 days lof 1 woek in the Summer Term. They offer their time for free. Staff and Parent volunleerg help staff the projecls, vthich y8ually Indude., ConseNallon work on Esher Common Preparlng fooij bags for families with Runnymede Foodbank DIY tasks and Arts and Craft wilh the Salvation Army Volunteering In local schools, working with The Lum8n Learning Tnjsl Providing lunch and entertainment for the elderly Helping peoplè lo learn English Helping wlth ma55 al Sl Augustine's Iocol care hom8 and al ChrSs1 Prince of Pèace local parish church. The students. St Vinc8nt De P8ul grotsp conduct5 an ongoing programme of vlslls lo local elderly citizens. Th18 has h8d to slop during thg Covld-19 pandemic. FINANCIAL REVIEW R••ult• for the Ye•r The School's nel incomlng resources for the year amounted 10 £2.97m (2021.. nel Incomlng resources ol £0.676km). This included a profil of £72k (2021.. £16k) achievad by the School's trading tsubsidiary and donat•d to the School. Fundralslng Porfomiancg The School views fvndraislng as a very important source ol Income to enable fees lo be kapt as low as possible and to reduce rellance on sbngle income streamg. The Iruglee5 are fully aware of their indlvidual responsibS1ity and accountabi1Sly lo ensure thal the School lundraises legalty, ffjspon5ibly and 8ff8ctivg1y. They are aware ol the Charily Commission CC20 guid8n¢g and use Ihls and the accornpanying checkllsl lo help them evaluato the School's fundraising performance. The Development Office continues to run an active communication and 8ng8gemenl progTamme lo the whole school community. In September 2022, 4 fully funded Translormalional Bursary p18ces were awarded through Ihe Georgian Future Bursary Campaign vthich includes regular giving appeals and a new legacy campaign, Tr8dilion & Transformation, launched in June 2022 for the long-temi support of the Bursary Fund. Fundraising continues lor the Boathouse Appeal18unched in July 2021 and additional capital projec15 Identif￿d. During 2020121, the Development Offw h85 recelved £356,469 of donations12019120 - £318,925), wblh over £500k pledge in lulure years, Tha School did not engage with a prDfession81 lundral88r in the year but linked wth two commerci81 participators, l.e. buslne5se5 who kindly provldo a proportion of their revenue lo the School. The School h8S 8 p.ublished complaints procEdur¥, available on 115 website. As a membar of the Fundr8islng Regulator we are required to provide annual figures on th8 number of Complaints received during Ihe year Inonel Page 22 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 Inve•tment Policyi Oblgctlvos and Perfomian¢• The School does not have an Investment portlolio. Surplus funds am managed on a daily basis by using money markets wlth the as8iStance of the company's bankeis to pre8erve caphal. G1ft5 of shares are liquidated upon r8c8iPt. R•s•rw•s Poll Reslricled funds are. b8caus8 ol Ihe particuLgr spending constraints attached to them, not av811abl8 for funding the gener81 operations ol the schools. The unrestricted. or general. funds are expendablè in 8CCOTdance with the objects ol the School. In common wlh many other successful schools, thÈse unreslricled luntJ$, together with specific long-term bank financ8. have already be8n invested by the Governors in the building, d8V8lopmenl and refurbishment of school buildings and other fixed assets used by the Schools. Accordlngly there aw no current free reseryes lunrastricted funds less the nel book valuè of fixed assets financed by those funds). Given our plans for the new buildings and other capilal exp8ndlture this nil balance 15 expected lo conts'nue for the foreseeable lulure. This is in accordance wllh the long-term plans ol the Govcinors lor the development ol th8 Schools they are sat15fied that the résourcès available lo the School through long-lerm external bank fin8nca is adequate for Its requirements. The School and Subsidiary lot81 reserv88 of £45.8m 12021 £42.8ml al Ihe y&or-end Sncluded £777k 12021.. £435kl of ltn$￿nI re51ri¢ted reserves, £193k12021.' £193kl of unreslrScled bul deslgnaled funds and £44.8m 12021.. £42.2ml of unresldcled general reserves, whlch after deductlng Investments In operallonal fixed Èssels 01 £55.8rn 12021- £54,7m) leaves £10m deflcll12021.' £11,9m deficlll of free reB8rves funded by long term borrowing. £0.3m12021.' £0.3ml of the restrScled income Ls belng used lo fund four Tr8nsfomialional Bursad88 Ilormerly called Asslsled Places) al the College. Golng C¢m¢•m The Governors have assessed wh8th8r Ihe use of the golng coneem basis is appropriat8 and have consldared possible events or conditions Ihal might c8sl slgnificanl doubl on the ability ol the School lo Continue a5 a going concem. The Governors have made Ihls asses5rnenl for a perbod of al least one year from the dalè ol approval of the financAal stalemenls. In PBrticular the Govemlirs have considered the School's forgcasts and prol8Ction5 and have taken account ol pressure on income as a rising inllalion. After making enquiries, Ihe Gov8mors have concluded that there is a reasonable expectgtioD Ihal tho School ha¥ adequate resourGes lo continue oper3llonal existence for the foreseeablo fulure and they 3re satisfied that there are no malerial uneBrtaintse8. The chafilable group therèlore conllnues to adopt the golng concern b8sl$ In preparing lis flnonclal 8talemenl8. FUTURE PLANS ObJectlv?• for the Next Year Continue lo develop and implement active measures to Increase Equity, Diversity and Inclusion Review the existing balance of resources lo best support the. work of the Charity Conduel a wide-ran9ing 8mployee survey lo inform futu￿ staff strategies Holding a social evant at thè Junior School lo Incrèase local community engagement Review how pupil student achievement Is celebrated Page 23 ST GEORGE'S WEYBRIDGE ANNUAL REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022 RISK MANAGEMENT The Govemors have givon considerauon lo the major risks to which the School and its subsidiary are exposed. The Governing Body has ultimate responsibility for managing any risks faced by the School. Detailed considoration of rlsk is delegated lo the Finance and Risk Committee, which reports formally to the Goveming Body three limes per annum. Th& risk managem•nt procoss usos a Risk App8tita Matrix, containing key strategic T18ks and metrics by which lo assess them. which are reported al each F￿nance and Risk Meeling. Governors have sel 'risk app81118' thresholds, which if breached trigger further action lo rectify, Prlnclpal Rlsk• and Uncertalntle• The GovemoTS consider the followng to be the principal risks and uncertainties aff8Cting the Schools.. Co81 growth as a result ol 6xl8rn8118clor3. The8e.Include hbgh Inflglion In key suppliey such as energy and food, further significant rises in the cost of teachers penslons and an Sncrease in taxation as a result of losing charitable company rellefs. These are mlllgaled by del8lled and comprehen$Sve finandal scenario planning, with proactiv8 d8cision-m8king at B08rd lèvel. We have eng8ged the 8pecialisl Educotlon team wlthin EY'S Advisory sectjon to provldg slr8teglc 8crullny 8nd advlce lo our flnanelal forocasts and funding requirements. We continu8 to loslèr closg r8lalionshlps wllh our lending instilutsons to ensure our fin8ncio1 contingency plans remain viable and responsive. Loss of reputation which would imp8cI signilicontly in a Ios5 of lee income 8bove. Thre3ts lo reputsllon #r8 many and varled, bul it Is most Importont that the Schoolg dgmonslTato their abillty lo keep childrgn sale. Safeguarding is therefore tha Most important area of risk management and there are extensive policles and controls, combined with proadive and dynamic managemenl and scrutiny of all safeguardlng aspects, which serve lo Fniligale this risk. Extensive and well.re50urced management of He81th and Safety rlsks complement the 8afeguardSng funclS0n. Any other crlsls, that has a significant impact on the ability lo operate either School, Such as a fire or cyber all8ck, may impact wldely In terms ol operallonal costs 8n¢Y rapulation81, longer 18rm damag8. Such possibillties are the subjecl ol extensive rlsk man8geTnenl gcruliny and proce5588 lo not only ensura compliance with statutory and r8gulalory obligations but lo achieve malari81 reduction In the Ilkelihood of such a crlsis occurrtna, These include lable-lop rehearsal8 ol crfllcal Incldenl$ lo fam1118rlse siaff wth th8 lik8ly actions r8quired, and sp8ciallst training motlu188 for staff lo guard again61 prevalent threats such as cyber attack. The Governlng 8ody15 satisfied that, for all major Tisky Identlfied. appropriate controls have been pul in place 8nd maintained to miligale those risk5 adequately. 11 is recognised thot systems can provide only r8BsonBble bul not absolute assurance that major risks hav8 beèn managed. Thls Annual Report, prepared under the Charltle5 Act 2011 and the Companiey Act 2t106. was approved by the Governlng Body ol St George's Weybridge on 21 November 2022. including in their capacity as company dlrectors approving the Slralegic Report contained therein. and is signed a5 aulhoflsed on its behalf by.. Denl¥ Nowlan (Chalfman of the Goveming Body) Poge 24 5T GEORGE'S WEYBRIDGE INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 JULY 2022 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST GEORGES WEYBklDGE Oplnlon We have audited the linancial stslernents of Sl Geo¥ge's Weybrdige (the 'p8r6nl charitable company'l and ils. subsidlaries Ilhe 'group'l for tho year ended 31 July 2022 which compris£ of the Group Slalement of Financigl Acllvilies, the Group and Par8nt Charitable Company Balance Sheets, the Group Cash Flow Statement and not8s to the flnancial stal8m8nis, including slgnlficanl accounting policies. The fi'nanu81 reporting framework that has been applied in their preparalk)n is applic8ble law and United Kingdom Accounllng Standards, Including Financial Reporting Standard 102 The Financial Rèporbng Standard applicable in th8 UK and Republic of Ir8land (United Kingdom Gen8rally Accepted Aocounling Pr8cts'cel. In our opinion the financial slalemenis.. give a true and fair view of the slate of the group's and the parent charitable company's BffAirs as al 31 July 2022 and of the group's incorning resources and 8pplicalion of resource5, including its income and expenditure, for the year then ended.. have been properly prepared In accordance wllh Unlled Kingdom Generally Accepted A￿untIng Practice., and have bean prapared In accordance Yllh the requirements of Ihe Companles Act 2006. 8881• tor oplnlon We conducted our audit in accordanco wlh Internalional Standards on Auditlng IUKI IISAslUKII and 8ppllcabla law. Our responsibilities under those slandards ora further descrlbod in the Auditor's Rgsponsibilllies lor the audit of th& flnanci81 slalernen15 seCt￿n ol our report, W8 are Independent of ihe charitabl8 company in accordan¢o with the elhSc81 requlremcnly that are relevanl to our audlt ol the financial 8tOtemenls in the UK, ncluding the FRC'S Ethical Standard. and we have fulfilled our other ethical re8ponsibllili85 in accordance with these requirements. We belleve th81 the audit evidence we havg obi8lned is sufficlenl and appropriale lo provlde basis for our opinion. Con¢lu•lons r•latlng to golng ¢on¢•rn In audhlng the fln8nci81 slalements, we have concluded th81 the trustges, use of the gcdng concern basis of 8ccounllng In the preparation of the financl818t8tem8nts Is 8pproprKate. Based on the work we have performed. we have not Identified any material uncertainties relating lo events or eondllions that, Indlvidu8lly or eolleclivety, moy cast signlflcanl doubl on the gTOUP'S and PBrent eh8rit8ble companl$ ability lo continue as a going concern for o p8riod of al least twelve months from when the linanclal siBtemgntS 8re aulhorlsad for issue. OUT responsibilities and the responsibilities of the Iwslees wlth respect lo going concgrn are descrlbed In the relevant se¢lions of Ihls report. Oth•r Infomiatlon The other Infonnalion comprises the information included in Ihe annual report, other than ihe financial stslemen18 and our auditor's report thereon. The tnjslees are responsible for th• other inforrnalion contained in the annual report. Our opinion on the financial statements does not cover the other infomiation and, except to the extenl othenvise explicitly stated in our report, we do not exprgss any forth of assurance conclusion Ihereon. Our responsibility is lo ￿ad the other Information and, in doing so, considar whether the other infomialion is malerially Inconsistent with the financial st8temenlg or our knowledge obtained in the course of the audit or otherwis8 appear5 to be materially misslaled. If we identify such ma18rial inconsistencies or appar8nl Tnalerial misstatements, w8 are required lo delemiine whether there 15 a rnalerial misstatemenl in the fln8n¢l81 Paue 25 ST GEORGE'S WEYBRIDGE INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 JULY 2022 statements themselves. If, based ￿ the WOTk we have performed. we conclude that ther8 18 a material mrsstalement of this other information, we are ￿qUIred to report that fact. We have nothing lo report in this regard. Oplnlons on othèr m*tter# prescrlbed by thg Comynlos Act 2008 In our opinion. based M tho work undertaken in the course of the audit.. the infomalion given in the slwteglc report and the Iruslees. annual report for the fin8ncio1 year for which the financial sla18menls ar8 preparod is con5islent wlth the flnon¢io1 s1olements', and the slraleoic report and the Iruste8s' 8nnual report have been prepared In 8ccord8nce wth appllcable,. legal requirements. Matt•r¥ on whlch w• Jr• r•qulr•d to i•port by excgptlon In the light of the knowledge and understanding of Ihe group and parent charitable company 8nd their environmènt oblaine(I In the eoursa ol the audit, we have not identified materSal missto18ments In th• slraleglc report or the trustees. annual report. We have nolhlng to report In respect ol the followlng mallery where the Companies Act 2006 requlras u8 10 report lo you il, In our opinion.. the parenl Charitab￿ comp8ny has not kept adequate and sufficient accounting record5, or return8 adequate for our audit have not bean r•c81vgd from branches not visitèd by us., or the parent charitable company's financl818tatements 8re not in agreamanl with the accountin9 records and relum5', or certain disclosures ol Irusleg5' remunorallon spedfl8d by law are not mada.. or we have not receSved all the informgllon 8nd explanallons we require for our audit. R8•ponslbllltlo• of trusto•s A5 gxplalngd more lully the Iruslees, responslbilltles slalem¢nl, the trusloes (who 8re also the dlreclor8 of the charitable company for the purptssès of company lawl are responsible for Ihe preparation of the flnancial 5tatemonts and for being 88tlslie¢J th81 they give 8 true and lair view, and for such internal conlrol as the trustees delerrnlne Is necessary to gnable the prep8ralion of Ilnancial statements that are free from material mlsSt8lement. whether duo lo fraud or erior. In preparlng the financial stalemenls. the trustees are responslble lor assessing the group and parent chaTltabl8 cornpany's ability lo continuo as a going concern, disclosing, as applicable, mallers related lo going concern and using the going concern bosis of accounting unless the Iruslees either intend lo liquidate the group or parfjnt charitable company or to ceas8 operations. or have no realistic allornative bul lo do 30. AudStorf¥ r•iponsibiliti•s for th• audit of the Ilnan¢lal sl•t•m•nt• Our objectives are lo obtain reasonable assurBnce about whether the financial statements as a whole are free from rnalerial misst31emenl, whether due lo fraud or error. and to Issue an auditor's report (hal includes our opinion. Rga$onable assurance is a high level of assurance, bul is not a guarantee thal an audit conducted In accordance with ISAS IUKI wll alway5 delecl a material mi5Statemenl when it exists. Misstatements can arise from fraud or error 8nd are considered material il, individually or in aggregate, they could re8sonably be expected to Infltjence the economic decisions of users taken on the basis of these financial st8lemenls. As part of an audit in accordance with ISA5 IUKI we exercise PTofe5sionaljudgement and maintain professional s¢eplic65m throughout the audit. We also: Identity and assess Ihe risks ol material misstslemenl of tha financial statemen15, whether due lo fraud or error, design and perfomi audit procedures responsive to Ihose ￿skS, and ob18in 8udil evidence that Page 26 ST GEORGE'S WEYBRIDGE INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 JULY 2022 is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misslatemenl resutting from fraud is higher than for one resuf(ing from error, as fraud may invofve coIIu5ion. forgery, intentional omi5sion5, mlSTepresentalions. or the override of internal control. Obtain an understanding ol internal control relevant lo the audit in order lo design audll procedures that are appropriate in the clrcumstsnces, bul not for the purposes of expressing an opinion on the effedvenes6 of the group 8nd parent charllable company's Inlemal control. EvaluBte the approprfatèness ol accwnting policie5 vsed and the reasonablèn*ss of acCoun￿n9 estimates and related disclosures made by the IrLJStees. Conclude on the appropriateness of Ihe Iruslees. use of the going concem basis of accounling and. based on the au¢Jit evidenGe obtsined, whether a malerlal uncertsinty exists related to event8 or conditions Ihal may cast significant doubl on tho group and parenl charitable company's ability lo onlinue as a going concern. If we conclude thBI a mBterial uncertointy exists. we are required lo draw altentlon in our audltor's report lo the related disclosures in the financlal statements or, If such disclosures are inadequate. to modify our opinion. Our conclusions are based on the audit evidence obtained up lo the dale of our auditor's report. However, future events or conditions may cause the group or parent charitable company lo cease lo continue as a golng concern. Evaluate the overall pr8sent811on, 81nJclum 8nd conl8nl of the fln8nclal slalamen18. Includlng the discbsures, and whether thè fln8nclal stalem8nts rgpresenl the underfylng Irèns8Ctions and events In manner Ih8t achieves f8ir presentstion. Oblaln sufficlenl appro￿ale audll evldence regarding the flnancS81 Informallon of the enlllles or business 8clivilies within the group lo expre8S an oplnion on the con80lid8led fin8ncHI ststements. We are rgsponslble lor the direction, 8upervSsionpnd performance of the group audlt. We remoln 801gly responsible for our audit report. We communicate wilh those chargod wlth govemance TegardSng, arnong other malleTS, the planned scope and timing of th8 audit and significant audit findings, including any significant d8fici8nci8s in inl8rnal control that we Identify during our audit. Expl*natlon to what 8xlont th• audlt was consld•r•d capabl• of dotectlng Irwularltl•*, Includlng Iraud Irregularllles, includlng fraud, are instanc68 of non-compliance wllh laws and regulallong. We deslgn procedures In line with our respon5ibililies, ouuined above, to de18cI rnalerial misstalemenls in respect of irregulari1Ses, Including fraud. The exlenl io which our procedures are capable of del8cling irregularilles, including fraud Is detailed below. The objecllves of our audlt in respect of fraud, are,. lo idenllty and assess the risks of m8lerlal mlsslalemenl of tho financial slalemenls duè lo fraud., lo obtain suffi¢lonl 8ppropri8le audit evidence regarding the assessed riskg ol material missl8lernent due to traud, through designing and implementing appropriate responses lo those assessed risks.. ancj lo respond 8pproprial8ly lo instances of fraud or suspected fraud itjenlified during the audS1. However, the primary responsibility for the prevention and detection of fr8ud re8ts wth both m8n8gemenl and thos& charged vAlh govern¥nce ol the charitable Company. Our approoch w88 as follows.. We obtained an underslandlng of the leg81 and regulatory requlrements applicable lo the char118ble company and considgred that the most significant aro the Companios Act 2006. the Charities AEt 2011, the ChBrity SORP. ond UK financial reporting stsndards os issued by the Finanaal Reporting Council We obtained an undersianding of how the charitable company complies with these requirernents by discussions with management and those charged with governance. PagB 27 ST GEORGE'S WEYBRIDGE INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 JULY 2022 We assessed the risk of material misstslemenl of the financial slatemenls, including the risk of rnaterial mi5slatement due to Iraud and how it might occui, by holding discussions with manag8menl and those charged with governance. We inqulred of management and those charged ￿th govem8nce 88 to any known Instances of non- compliance or 5USP8cled non-compliance with laws and regulations. Based on this understanding, we designed specific approprial8 audit proc8dur85 to idenlily instances of non-compliance wilh18ws and regulations. This included making enquiries of management and those charged with governance and oblalning additional corroborative evldence a5 required. There are inherent limitations in the audit procedures described above. We ao less Ilkely lo become aware of In5tanc85 of non-compliance wllh lawg and regulations that are not closely related to events and Iransacltons reflecled in the financial statemenis. Also, the risk ol not d8lBeling 8 material misstalemenl due lo fraudls higher Ihan the risk of not detecting one resulting from error, as fraud may Involve (Jellberale concealment by, for ex8mple, forgery or intentional misrepresentations. or Ihrough collusion. Us• ol our report Thls r•port is made $018ly lo the charflable companV5 members, as a body, in accordance wilh Chapter 3 of Part 16 of the Companles Act 2006. Our audit work has been undortakon so that we might slate lo the charitable Company's members those mallers which we are required lo slate lo Ihtm in an audiloes report and lor no other purpose. To the lullesl extent permitled by law, we do not a¢cepl or assume responsibility to any party other than th8 charilable company and charitable company's members as a b(xly, for our audit work, for thi5 report, or for the opinions we have lormed. J.A LLV N851 Fin18y80n Isenior Slalulory Audblorl lor and on behalf of Moore Kingston Smith LLP, Stalulory Auditor Date.. 15 December 2022 9 Appold Street London EC2A 2AP Page 23 ST GEORGE'S WEYBRIDGE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITES {in¢orporatlng the income and expenditure accounl) for the year ending 31 July 2022 Totll Funds 2022 Total Fund5 2021 Unr•strlct•d Funds Rostrfcted Funds Incom• and Endowm•nt Not• INCOME FROM.. Charltabl¢ Actlvltl•• School f885 other eduGg1ional income other trading •ctlvlti Other trading income Inw8tm•nt• Invostment Income Voluntary sources Grants and donation8 27.828,411 2.475,161 27.828.411 2,475.161 23,829,212 1,587,178 571,276 571.278 499,787 13,696 1,938 15.634 19,512 74.915 366,038 440,953 783,518 Total Incom• 30,963.459 367,976 31,331,435 26.699,207 EXPENOITURE ON.. Ral•lng fvnd• Fundr81glng 8nd developrnent Fin8ndng ¢o$ls under Advance Fee Cgntrads Non.ancillary trading Inlere8t and other cos18 285,625 285,628 255,054 180,657 321,642 148,988 180,657 321,642 146,988 182,594 318,122 143,601 Tot•1 non4ducatlon•l co•t• 934,912 934,912 897.371 Charltabl• aetlvltl•• EducBlion 27,431,389 27,431,389 25,125,648 Total •xpBndlture 6&7 28,366,301 28.366,301 26,023,019 N•t Incom• 2,597,158 367.976 2.985,134 676.186 TrAnsl•r9 batwe?n fvnd¥ 17.1 25,839 25.839 Net mov•m•nt In fund• lor the y•ar 2,622,997 342,137 2.965.134 676,188 Fund balance at 1 Augu$l 2021 42.367,679 434,989 42.802,668 42,126.480 Fund balanees •t 31 July 2022 17 44,990,676 777.126 45.767.802 42,802.668 The accomponying notes from part of the ffnAncial statements. Page 29 ST GEORGE'S WEYBRIDGE CONSOLIDATED AND SCHOOL BALANCE SHEETS as at 31 July 2022 Group 2022 School 2022 2021 2021 FIXED ASSETS Tangible a&88ts Inveslmenl assots 55,B31,263 54,733.727 55,830,319 54,732,578 100 54,732,676 55,831,203 54,733.727 55,830,419 CURRENT AS8ETS Stock Debtors Cash and shorl t8rm dgPOBS1 10 11 209.815 852.780 .927,384 8.049,980 227,275 728.405 8.647.169 9.602.849 44,847 966,333 6 913,344 7.924,524 30.214 870,891 .605,150 9.506,255 CURRENT LIABILITIES Crèdlt¢¢¥ payable wilhln one yeer 12 17,546,187) 18.759,9331 17,425,885) 18,668,266> NET CURRENT A88ETS 503,793 842,91fj 498.659 837,989 TOTAL ASSETS LESS CURRENT LIABILITIES 56,334055 55,S76.643 $6,329,078 55,570,665 LONG TERM LIABILITIES Adv8nce fee5 Depo81¢8 L￿n9 13 14 15 14,948.0201 14,472,813) 14,948,026) 11,355,600) 11,300,013) 11,355.6001 14,263,127) 17,001.1491 14,263.6271 14,472.8131 11,300.0131 17,001,149) NET ASSETS 45 767 802 42,802.668 45 761825 42 796 690 REPRESENTED BY.. RESTRICTED FUNDS 17.1 777.128 434.989. T17,126 434,989 UNRESTRICTED FUNDS UnreBlrlcled Oesignated General futYJ8 17.2 17.2 192.827 44.797 849 193.050 42,174.629 192,827 44 791,872 193.050 42,1fj8.651 TOTAL FUNDS 17 45 7e7 802 42 802,668 45 7e1,825 42 796,6S¥) No separate SOFA ho8 b88n pr8sent8d for Iht Sthod alone, as perrnrtted by Secuon 408 of the Companies Act 2006. The School's income for the year w85 £30.938,14112021= £26,366,90518nd the surphjs lor the y88r w88 £3,077,72412021'. wfplus of £676.188I. Approved by tho Board of Govemors of St George's Weftjridge on 21 Novemb8r 2022 and 8Uthorised lor ssue and si9Ded on i beh by: ICh8irmanl (Governor, Finance & Rlsk Committee) Company number.. 02789023 The accompanwng notes form part of the flnancial st8ternents. Pgg8 30 ST GEORGE'S WEYBRIDGE CONSOLIDATED CASHFLOW STATEMENT for the year ending 31 July 2022 Not•8 2022 2021 NET CASH FLOWS FROM OPERATIONS Nel eash provided by operating activitie8 5,595.387 4,186,734 CASH FLOWS FROM INVESTING ACTIVITIES Payment5 for tangible fixed ass8ts Proceeds on ol tanuib￿ fixed 8$sel$ Inv¢¥tmonl Income receipts 14.007,7051 350 15,834 13,319.5091 150 19,S12 Nel c88h provlded byll115ed inl Investing activitl8S 13.299,8471 CASH FLOWS FROM FINANCING AcTIV￿lEs Inlemst paid Loans Received Loan8 repald Advance fees Oeposits 1148,9881 1143,8021 13,252,065) 13,1451 78.748 1644,2731 1409,4541 18,112 N81 cash ￿￿¥&ded byllu80d Inl flnancing advltle 13.323.450> 11,179.2171 Ch•ng• In c••h •nd c••h •qulv41•nl• In th• reportlng p•rlod 1,719.784 292,330 C•Jh Ind ¢a•h •qu5¥•l•nt• •t th• b•glnnSng of the reporting p•riod 8647 189 8 939 499 Ca8h and cA8h oqulval•nts at th• •nd of th• r•portlng p¢rJod 6.927.384 8,647,189 Page 31 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year endlng 31 July 2022 STATEMENT OF ACCOUNTING POLICIES St George's Weybridge is 8 fA)mpany limited by guarantee with registered number 02789023. ineorpDfdted 8nd domicibd in England and Wales. Its registered office is St George's College. Weybridge Road. Addlestone, Surrey KT15 2QS. The Ilnancial statements have been prepared under the hlslorical cost convention Ant1 In acctxd8nee wRh the Flnancial Reportlng Standard appllcable In the UK and Reput￿le of Irel8nd IFRS 1021, the Cornp8nles Act 2006 and the Stalornent ol Recofflrnended Practlc8 applicabl8 to charities preparing th8ir accounts in accordancè with the Financial Reporting Standard applicable in th8 UK and R8public ol Ireland IFRS 1021- offectlv& 1 January 2O1S. Thtt school is a Public Benefit Entity 83 defined by FRS 102. The functional currency of the School is consldered to ￿ GBP becauge th8119 the currency of th& prlm8ry economic environmont in whlch tha School Lyaratès. The School hgs tgk8n 8dvAntaga of thè ex8MptIc￿ av8llabl8 lo a qua15fylng entlty In FRS 102 Irom the requlrement lo present 8 charfly only Cash Flow St8tam*nl wilh thè constslldatèd ffinAndAI statèmants. Golnq concorn Th• flnanclal 8t8tsmen18 ar8 prepared on a going concern basls which assumes the ch8rllable group will contlnue In operational exlstence lor the forseeable future. The Governors have assessed whether the use of Ihe going concern basis Is approprfale and hava considBred posslble *vgnt8 or ronditlons ihal rnighl ras1 significant doubt on thè abillty ol tha School to eontlnue a$ a gdng con¢8m. The Governcf5 have made thi¥ assessment lor a period ol at 1¢8st one ye8r frorn Ihg dale of approval of Ihe flnanrial staternenls. In pgrticular thè Govèmora havè eonddered the School'8 forecasts 8nd projections and have taken account ol the impact ol rlslng infl8lion. After rnaklng enqulrfes, tho Govemors have concluded that ther8 18 roajonable expectatlon Ih81 the School has adequate resources to conllnue In operational existence lor the forseeable future and they are Batislied thal there are no material uncertaintles. The charilable group therefore continues to adopt the going concem basis in preparing Ils financial slatements. Crltlcal •ccountlng Judg•m•nt• and k•y Sourc￿ of ••tIm￿lOn unc•rt•lnty In the appllcation ol th8 accounting policies, Trustees 8ra rèqulred lo mak6 judgements, ostlmales and Bssumptions about tha carrylng value of assets and li&bilIti￿ that are not readily appgrgnt from olh?r Sources. Th8 eStim8t8s and undèrf￿￿9 assumptlons are bAs•é on hSstorlcal èxpèrfencè #nd athèr factors that are wnsldgred lo bo rglevant. Actual resuIIB may differ from the88 estlrnale5. The estlmatas And underlwng assumpllons are revièw&d on an ongoing basis. RevSsion8 to accounting estlmalès are rncogrnis8d in the poriod in whirh the e3timate is revised if tre revision allecls only Ihal period, or In tha pèrfod ol thè rèmsltsn and luturè pèriDJ$ If the revision 8ffecled current and future period8. In Ihé opinwjn ol the Trustees, the estimates and assumptlons which hav& 8 significant risk of causln9 a material adlu5tmenl to the carrwng amount of as5etg and liabilit185 ar8 outlined b8Iow. Useful gconomic lives The annual depreciation charge for property, ￿an1 and equipment IS serisitive to changes In the e51iTnatEd useful economic Ilve8 and resldual values of the assets. The useful economic Ilves and ￿sidual values are re-assessed annually. Thay are amended whén r18C8ssary to r8fl8Ct current estSrn8tes. based on lechnological advancement, futuw investrnents, economic utili8ation and the physical (x)ndilion of the 885els. See nole 8 lor the carrwng arnounl ol the property, ￿an1 and equipment and note 1.8 for tho u50ful econornic lives for each class of asset. Recoverable value ollee debtors The Compa￿ mak85 an estimat8 of th8 r8cov8rabl8 Value of Irad8 and other debtor5. When 85S855ing impaimient of trade and other debtors, rn8nagernent con5ider8 factors including the current credit r8ting of the (Jebtor, the agelng profile of debtors and historical experience. See noto 11 for the net carrying amount ol the debtors 8nd 8580Ci8t8d impairrnent wovi8ion. P8ge 32 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year ending 31 July 2022 The following accounb'ng policies have been ap￿led consislendy in dealing wilh items which ar8 considorad m8tarial in relation to th8 SchcKJl's flnancial statements. 1.1 Fo•1 and *lmllar Incom• Fees receivable and charges for $eN¢o$ and use of premls85 a￿ accounted for in the ptsr￿ in which the s8Mc8 Is provlded. Feas receivabl8 8r8 Stated after deducting gllowance8, burs8ries. scholarships and other r8rniss*Jn5 granted by th8 School, but include contribut￿nS ￿CeIved from, Restricted Fund6 fr schtslar5hip5. bursarie5 other grants. F88s received in advance of education lo be provided in lulure yeBrs under an Advance Fee Payments Scherne contract are held as liabilities until either laken lo income in the terrn when used or else relunded. 12 Invastment Incom• Interest on funds held is includÈd when receivable and the amount can b8 measurad ieliably by thts School.. this is normalw up)n nots'fication ol the interest paid or payable by the bonk. 1.3 DonJtlon• Donations r•cèlvablo for thè gsnaral purpoyes of Ihe SchoDI 8re credlted fo Unrestricted Fund5. Donallon5 for purp9¥88 re8tFlcted by thg W15hes of the donor are takgn lo Ro8tricled Funds where theBe wlshes are legally binding. exc8Pt that any amounls required lo be retained as capital in accordance wrth the donor's wlsh98 are Bccounted lor instead as Endowmerbts . permanent or expendable according lo the nalure ol th8 restriction. Voluntary Incoming resources are accounted for as Bnd when entitjemenl arise5, thg 8mounl cpn b8 reliabty quantified and tha economlc bènèfit to th8 Schtrjl is coh51der8d probabl8. 1A Re•ource• •xynd•d Exp8ndllure Is accounted lor on an 8ccru8ls basls as soon as a Ilabllity Is consldered probabl8, dlscounled to presenl value lor lonGer-term Ilabililie5. Overheads and other costs not directly attrlbutabl& to partlculor functional activity categories ar8 apportioned over the relevant categories on the b8si8 of managemènt eslimates ol the amount attributabl6 to that activlly in the year, ¢ith¢r by referenc¢ to 5ts1f time or $ppce occupled, a3 approprS8l•. Th8 Irr8cov8r8ble &￿mant of VAT Is Inc￿d•d wlth the Itèm of èxpensè tts whlch Il relates. Governance cost8 comprfse the c051s of runnlng the School, includirrfJ strategic planning lor Ils future 8velopment, 8190 internal and external audit. any legal advice, and 011 the costs ol complying with constitutional and statutory requirements, such as the costs of Board and Committe8 meetlnos and ol pr8padng statutory accounts and salisfWng publlc accountahlllty. Govemancg co515 arg no longer pr8sent8d a5 a separate category of expenditure in the Staternenl ol Financial Activ￿118$ 8$ they are not regarded as part ol support cos15 which are allocdled lo the cost ol activilies undertaken by the School. Inlra.group sales and charges between the Schocl and Its subsidi8ry ara excluded from Ir8dSng Incom8 and expendStvra. 1.5 Op•ratfing l•a•88 Rentals payable under operatlng 188ses are chArgod In the SOFA on 8 stralght Ilne basls ovèr tha 18aS8 1.6 P•n$lon 8chemg8 The School contributes to the Teachers, Pension Defined Benefits Scheme at rates set by the Scheme Actuary and advised to the Board by the Schome Adminlslrator. Th6 scheme Is a mulll-employer pension scheme and it is not p055ible to identify the 855et5 and li8bilrtie5 of lh8 scherne which are attributable to the School. In accordan￿ wlth FRS 102 therefore, the scheme 15 8ccounted for 85 a defined contribvlj'on schèm•. Thè School 8180 Contri￿leS to a group personal pension schem8 for non-teaching staff up to 15° 018nnual basic pay. Contributions to both schemes are charged in the SOFA as they become payable in accordance with the rules of the 5cheme$. Page 33 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year endlng 31 July 2022 1.7 Employ•e benofft¥ The costs ol short-term employ88 b8n8fit8 are recogni5ed as a liability and an 8xpense. Terrnin3tK)n payments are Tecognised immedialely as an expense when the school Is demonstrably cvmmited to lemlnaie the eMplO￿￿ent of an empolyee or provlde temlftatlon beneflts. 1.8 School l•nd and bulldlnq• Ind •gulpm•nt capilallsaf￿n and rep18cemenl Tangible Ikxed essets costing in excegs of £500 Are c#pltali56d and carried in the balance sheel gt historical cost. In accordance with the ir8nsition81 provl3ion8 ol Flnanryal Reporb'ng Standard 102, the School bulldlngs arg stale¢ at valuauon at 31 July 2001 and thls deerned cost has been frozen subject lo any adjustments necessary resulu'ng from an impairment revlew. This valuation has not bèèn updatéd. Depreciation The Ireehold IAnd is not depfeclated. Deprec+ation of other assets Is provlded 8t rgt8s caleulat8d to wrft8 off th8 gxces3 of cost over estimoled residual amount over the estimated useful economic IIv88 0188ch cIAs# of a558t, subject to annual review. These rales are currently 88 follow5.. Buiklin9, improvemenlg and extensions Furniture and equlpmenl Motor vehicles 10-50yEaTS 3-7ye8rs 25% reducing balance 1.9 . stock Stock 18 valued 81 the lower of cosl and net reali$abl¢ valu* on a first4n-flr81-￿¢ (FIFO) baJi8. 1.10 Fund Accountln9 The charllable tru6t funds ol th8 School and Ils subsldlary are accounted lor as unrostrl¢l¢d or r¢strldgd incorn8 in accordaru with the terms ol Irusl irnposed by the donorg or any apptal lo whleh thèy may have Tesponded. Unrestricted Income belongs lo the School's corporatè rèsèrvès, spond8blo 81 the discretlon of the Governors. elthar to fund th• Schf)ol's C￿1?￿$ or to benofil the Sthool itself. Where the Governors decide lo sèl aside any part of the58 funds lo be used in future for some speclfic purpose, Ihls is aceounted for by transfer lo the appropriate designaled fund, R¥5trkled Income compriges gifts. ￿go¢1e$ and gronls whore Ih•re1g nLTr caphal ￿tentIon obllgallon or power but only a Irusl law re8lricllon to 80me spedlic purpose Intend8d by th8 donor. 1.11 Fln•nclal In•trum•ni Baslc fin8nci81 Instruments are initially ￿cognIsed at tr8ns8dion y8lue 8nd svbseqkjenlly measured al amortlsed cost with the axttrptlon of Investments whlch are held 81 f8ir value. Financial assets held al amortisad cost colnprise cash at bank and in hané, together with debtors. excludlng p￿PaYments. A specific provision is made for debts for which recoverabllity Is In doubl. FlnanrAal I18￿11(189 h&k1 81 amorti8ed cost comprise all creditors except social seeuiity and othBr laxes and provlsions. 1,12 Ci•h •nd u•h equlvalenls Cash and c85h eouival8nls include cash in hand, deposils held al call wlth banks, other short-term Ilquid In￿stM9nl$ with original rnalurities of three months or less. 1.13 Jolnt vgntur•B An entity is treated as 8 joint venture where the group is party lo a contractual agreement with one or more parties frorn outside the group lo undertake on ecDnoFnic aGtivily that Is subject to joint control. In the consolidatsd accounts. interests in associated undel1akingsia￿ accounled lor uslng the equlty method of accounting. Under this method an equity investment is initially recognised al the transaction price (including transaction costs) and is subsequently adjusted lo refleci Ihe irwestorf5 Sha￿ of the profit or loss, other Comprehensive income and equity ol the joint ventur8. P8ge 34 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year endin9 31 July 2022 2022 Total 2021 Total SCHOOL FEE3 The SchoolB' foo in¢om• compYl$ed'. Gross le8S Less.. Total bursariej and allowances 30,606,953 2,802,747) 27,804,206 27,580.820 3,858,071) 23.722.749 Add bad(.. Transfomiational Bursaries p8Sd for by rest￿Cle￿ fund8 24,205 106.463 Total 27,828,411 23,829,212 2022 Tol•l 2021 Totsl OTHER INCOME Oth•r •ducJtlon41 charltabl• actlvltl••.' Entranc• and règistratlan leès Olher fees and Income Seneo Incomè Totol 68,505 2.359.435 47.221 2,475.161 67.470 1.486,931 32.777 1.567.178 2022 Total 2021 Total OTHER TRADING ACTIVITIES Other tradlng 11cti￿tI•¥ Sales other Income Rental incoma 302.295 298.364 266.981 571.276 201,423 499.787 GRANTS AND DONATIONS Unrv41rlcted ReJtrfct•d 2022 Total HMRC Gr8nl- Furfough Donations Pa￿nts, A5SOLyation Tot•1 16,511 3e6,038 382,$49 58.404 440.953 Unrestricted Restricted 2021 Tot81 HMRC Grant- Futlough Donat￿￿5 Par8nts' Assocsation Total 426.3SS 251,745 426.355 356.469 694 783,518 104,724 678,794 104,724 Page 35 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS lor the year ending 31 July 2022 Tolol 2022 Total 2021 STAFF COSTS Totsl Stalf coit$ comprlMd.' Wages and salarieg Soci81 securitie5 costs Pension contributions Other St8ff Costs 14,187,443 13,432,413 1,460,362 1,372,579 2,430,609 2,362.722 350,596 195,684 18,429,011 17,363.398 The av8r398 number of em ￿0yeeS In th8 y88r wa¥ 44812021.. 4331 of which 21312021.. 2081 were leaching s¢aN. FTE.. 33912021.. 329101 which 19712021.. 1911 were leachlng Blaff. One govemor w8$ 1¢Smbursod for Irav¢l and subs18lence during the ye8r12D21.' non81. No Governors iacelvad r•mun&ralion during the year12021'. none). The nurnbers of hlgher pald emplpyee8 were.. 2022 No. 2021 No. Taxable emoluments band.. £ 60,000- £ 70,000 £ 70,000 - £ 80.000 £ 80,001- £ 90,000 £ 90,001- £100.000 £130.001- £140,000 £140,001 £150,000 £150,001 . £180,000 £200.001 . £210,000 £210,001 - £220,000 11 22 16 The numbgr wrth retlrement benefits accrulng w8r8. Money Purchase Scherne For which the £ conlributions amounted to.. Defined Benefit Schernes 38,039 19 29,340 13 Aggr8gat8 £ omployee benefits of key management per¥onnel 2,060.839 2,049,248 Two m8mb8rs of the key management personnel are also provided wilh free accommodation in order to enable Ihem to undertake speclfic dul+88 for the school. One pèrsun was paid a termination payrnenl durtng thè year12021'. on&l. Page 36 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year ending 31 July 2022 ANALYSIS OF TOTAL RESOURCES EXPENDED 2022 St•ff ¢ostS other costs Depr8clatlon Total Costs ofgener8try lunds Fundraising lor voluntary resourc8S Finantsng costs under Advance Fee contracts Non-ancillary tr8ding Interesl and other costs 206.238 79.367 285,625 180,657 229,307 146.968 636,339 180,657 321,642 146,988 934,912 92.128 207 298,366 207 Chanlable activlli8s.' Te8chlng W8Ware Premi5e5 Support Costs o15chooltiig Grants. 8ward5 and prize Govem8nce costs 14,498,347 916,386 873,081 1,774,369 985,296 1,290.607 2,425,571 1,599.781 24,205 fj5.715 15,483,643 2.206,993 6,208,221 3.374,150 24,205 134,177 2,909.569 68,462 Schools operallng costs 18,130,645 6,391.175 2,909 569 27.431 389 Total 18,429.011 7,027,514 2,gX)9.776 28.386.301 The p8ymenls mbde under operating l&ases dunng the year were £425.68712020'. £425,17001 in ￿speCt of land and buildlngs and £71.89912021". 62,6201 In re8PeCI of planl and equlpment. ANALYSIS OF TOTAL RESOURCES EXPENDED 2021 8t•ff GO¥t• Oth•r co•t• D•pr•clallon Total Costs 019enerallng funds FundrAising lor voluntary resourcas Finanring costs under Advarice F•8 Contracts Non.ancillary trading Interest and o¢her co3ts 178.573 78,481 255,054 182,594 229,078 143,601 631,754 182,594 316,122 143,601 897,371 86,791 253 265,364 253 Chorilable aGlrrfilie8.' Teaching Welfare Premlses Support costs of schooling Grant¥, 8w8rds and prizes Govemance costs 13.620,807 809,337 891,632 1.716,358 703,512 1,063,679 2,222,612 1,121,5 107.953 65,623 14,324,319 1.873,016 5,856,975 2,837,862 107,953 125,523 2,742,731 S9,900 Sthools operab.ng costs 17,098,034 5.284,883 2,742.731 25.125,648 Total 17.363,398 5.916.637 2.742.984 26,023,019 Pag2 37 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year endlng 31 July 2022 7 ANALYSIS OF TOTAL RESOURCES EXPENDED Icontlnu•dl Govemonce vjxpendilure indudes.. Totsl 2022 Total 2021 Auditor's rernuneration.. For Audlt services 31.621 31.717 8 TANGIBLE FIXEO ASSETS Long Equlpm•nt, L••s•hold Furnlture, 8ulldlng8 and Comput•f•, Improvgmont• V•hSclos Tanglbl• Flx•d A•s•t• . Group Fr•ghold L8nd Fre•hold aulldlngs Total Cost lor frozen. vgluatlonl A8 at 1 August 2021 Addillon5 in year DIsp06818 3.625.OCKJ 16,592,112 51,498,519 2,828.926 7.975,141 1.178.779 31,012 79,688,772 4.007,705 31,012 A• •t 31 July 2022 3,625,000 16,S92,112 54,325,445 9,121,908 83,665,465 D•pr•clatlon A¥ al 1 Augusl 2021 Chawo for OisPO8al8 3,913,750 414,123 15,e84.656 .1,459,.707 6,356,639 1.03S,946 30,619 24,955,045 2,909,776 30,619 A• at 31 July 2022 4,327.873 17,144,363 6,3t1,968 27,834,202 N•t book valu• A• Jt 31 July 2022 3,825,000 12,284.239 37,181.082 2,780,942 55,831,263 As at 31 July 2021 3,625,000 12 678.362 35 811,863 2,618 502 54 733,727 Page 38 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year ending 31 July 2022 8 TANGIBLE FIXED ASSETS Icontlnuedl Long Equipm•nt. Leas•hold Furniture, Fr••hold 8ulldlng5 and Comput•rs, Bulldlng8 Improv¢m•nt• V•hicl•8 TangTrble Flxed A•set•- School Fre•hokl Land Total Cost {or Irozen. valuatlonl As ot 1 August 2021 Add￿'onS in year 015POsals 3,625,000 16,592.112 51,496,519 2.828.926 7,922.333 1,178.779 31,012 79,635.964 4,007,705 31,012 A• a131 July 2022 3.825,000 16,592,112 54.325.445 9.070.100 83,612,657 Depreciation As at 1 August 2020 Charge lor y8ar Di8posalg 3,913,751 414,123 15,684,656 1,459,707 5,304,981 1,035,739 30.619 24,903,388 2,909,569 30.619 A• at 31 July 2021 4,327,874 17,144,303 6.310,101 27.782,338 N•t book ¥alu• A¥ pt 31 July 2022 3,625,000 12,264,238 37,181,082 2,759,999 55,830,319 As al 31 July 2021 3,625.OOD 12.678,381 35.811.863 2,617,352 64.732,578 The School has 8lectèd, In 8ceordancè wlth Saction 3S.10ldl of FRS 102, to usè Ihe carrying valu8 on 181 September 2014, the d81¢ of transition lo FRS 102, of any ol the above Ireehdd land and buildings previously ¢orrl8d 818 v8luotiOll, 83 their de8med coyt. Included within the additions for Long Leasehold 8ulldings and Improvements Is £734,000 lor assets under construction as at 31st Jufy 202212021". £1 ml. These ilems hava not been depreelalEd in thg accounts. O INVESTMENTS Group 2022 Group 2021 School 2022 School 2021 Intgrest in sub5idi8ry undertaking 100 100 Total 100 100 An investment of £2,500 In the jolnt vgnlura cofflpany was impaired in 2016. Page 39 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year ending 31 July 2022 UNLISTED INVE8TMENTS {Conlinu•dl 9.1 Subsldlary Undgrtsklng• The School has a 100% sharehL4ding, acquired on 22nd FebruBry 1999, in St GeLYge'5 Weybrid98 Ent8rpris95 Limited, Company No. 03719020, incorporated in the Unitgd TrQngdom, whK* Manages the comrngrrial actiwbes of the comp8nv. St Georg8's W•ybrKlge Enterprisas Llmitèd had a lumover of £447.941 12021.. £383,990), gro85 profit ol £233,65812021.. £171,583) and 8 profit befor8 tax 8nd gift aid of £71,65412021.. £16,180). AI 31 July 2022, tho c¥)rnpany had sharehokler's funds of £6,07812021.. £6,078). 9.2 Jolnt V•ntUT• The School has 8.50% shAreh(Adlng Acquir¢d on 25th March 1994 In a Jolnl Venlurg company, Sl Georgg'¥ W&ybrfdge and Surrèy County T?nni$ Cgntw Limited, incorporated in the United Kingdom, which rn8n8geB the Snd(x)r t8nni8 centre. The Joint Venture Cornp8ny is mBnag8d jointly by the company 8nd Surrey County Lawn T8nnls AssoEl8tlon which own8 the other 50% 8hareholding. On 25th March 1994 the School agreed to provlde land, wlth the approval of the Josephite Ccfflmunlty. the frt•holders, The SchDoI as the head lease holder, agreed lo offer a sublease lo Surrey County Lawn Tenn16 Associ81ion I'the Surrey TTuslee8 l on similar lease terms. The Surrey Tfuslees agreed to build and fund the Indoor tennis cenlre. The Joinl Vgnturg Company 1$ responslbla for making ariang8rn8nls for use ol Ihe ￿nd(X)r l•nnis ¢gnlro which, under the present agreemenl, is given equally lo Sl George's we￿)￿￿99, SurTey L8vm TenniB AssOCl81ion and Iha j￿nI V•ntur8 Company whlch lets the courts to Ihlrd parties. St Georgo'8 We￿ridge Nssislg by maklng avail8ble Ils own 8laff lo carry out (he Jolnt Venture company's operations. Sl Georg8'8 Weybridge Is also reBW51ble for day to ¢J8y malntenance ol the lennls centre bulldlngG. Any 8urplu61d8flcll wlll b8 8har8d equally by St Georoe's Weybridqe and Ihe Surrey Lawn T6nnis A8SOCi3t￿n. The unaudited rèsulis for thè la8t Iwo yoBr8 aro a¥ fgllows.. PROFIT AND LOSS ACCOUNT YEAR ENDEO 30 SEPTEMBER 2022 2022 2021 Turnover Cost of Sales AiJmlnSstrallon Depreuation Int8rest Rècèlvablè 34,Q21 1201 127,7771 15.SBBI 16,791 126,4911 15,5901 30 115,2891 Taxation ProfiVILo881 for the year 630 115,2891 Bal8nc8 brought forward 25A31 10,142 Balance carried forward 24,801 25,431 Page 40 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year ending 31 July 2022 UNLISTEO INVESTMENTS Icontlnuodl BALANCE SHEET AS AT 30 SEPTEMBER 2021 2022 2021 FIXED ASSET8 Tangiblè assèt8 37.885 43,473 CURRENT ASSETS Stock Debtors G8sh at b8nk 32 957 58 727 16,380 11,281 17,369 12,046 CREDITORS.. Amounts lalling du8 Wlthln one ya8r 121,0351 121,9501 NET CURRENT ASSETS 13,6861 19,9041 TOTAL ASSETS LÉ88 CURRENT LIABILITIE8 34,199 33,569 CREDITORS- Arnount• falllng du• In mor• thin on• y•ar 154,0001 154,0001 NET LIABILITIES 119,8011 120,4311 CAPITAL AND RESERVES Sh8re capital Proflt and ki88 accouni 5.000 124,8011 5.000 125,4311 SHAREHOLDERS. FUNDS 19,B01 20,431 10 STOCK Group 2022 Group 2021 School 2022 School 2021 Goods for rasal• Other stock 224968 44B47 197.061 30.214 44,a47 30,214 269,81S 227.275 30,214 Page 41 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year ending 31 July 2022 11 DEBTORS Group 2022 Group 2021 School 2022 School 2021 Amount due from Jdnt V8ntur8 fA)rnp8ny Amount due frorn 8ub8diary Fee debtors Sundry deblor Prepayments and accrued incijme 15,600 14,038 15,600 141,215 134,411 22,292 652,815 966.333 14,036, 153.514 99,237 63.556 540.548 870.891 134,411 22,292 680,477 852,780 99,237 73,567 541,565 728,405 12 CREDITORS: du• wlthln on• y••r Group 2022 Group 2021 School 2022 School 2021 Bank loan Advance fee schernè IN01¥ 131 Pen¥ion conlrlbutionB Trade creditors Social 5ecurily and other laxallon Deposi13 Oiher ryedltors Accruals e66,568 3,939,719 301,181 986,055 380,008 J96,800 522,479 353,377. 7,546,187 066,588 3,939,719 301,181 869,506 380,006 396,800 522.479 349,604 7,425,865 4,418,077 288.916 1,629.515 345,996 373.638 312,812 209,868 8,759,933 4,418,077 288,916 1,542,395 345,996 373,638 312,812 205,321 8,668,266 13 ADVANCE FEE PAYMENTS- GROUP Parents may enter into A contract tts pay for their children's tuitlon fees in advance. The rnoney may be relume subject to speclflc conditlon5 on the receipt of one lemi'5 riotlce. Assumlng students will remain In the Schuol, Adv8nc8 fèas will b8 applied 86 follows: 2022 2021 After S yaars Within 2 to 5 year5 Within 1 to 2 years 553,667 1,366,572 2.027,787 4,948.026 204,183 2,385,429 1.883.201 4,472,813 Within 1 year (note 12) 3,939,719 8.887,745 4,418,077 8.890.890 Page 42 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year ending 31 July 2022 13 ADVANCE FEE PAYMENTS - GROUP {Contlnuedl The b818n¢e represents the accrued liability under the contracts. The movements during the year were.. 2022 2021 B818ncè at 1 Augu81 New contracts 8,8•0,8•0 4,517,691 13,408,581 9,300,344 3,507.593 12,807,937 Amounts utilised in payrn?ni of fe¢5'. To tre School 14,520,836) 13,917.0471 Balance at 31 July 887 745 8,890.890 14 SCHOOL FEE DEPOSITS 2022 2021 Amoun13 due 1- 2 years.. Amounts due 2- 5 years.. Amounts due more than S y8ar#'. 232.450 307,51XI 223,663 297,400 778,950 1.300013 1 355 600 LOANS . GROUP 2022 2021 Amount9 du8 1 . 2 year8.. Amgunts due 2. 5 years., Amounts due morè than S yBar¥'. 078,732 1,925,445 1659 450 4 263 627 1.192,983 3.803,918 2.204,248 7,001.149 The torms of th8 k)anJ are.. 2022 R•paym•nt• Includlng Int•r•8t for 202243 Internsl r&t• Lendgr li) Nal W6St Fixèd Inlerestl5Bcurgdl (li) Nal West Ckn'ls Fixed Inlerest Isecured 4,249,045 881,149 591,310 186.766 2,44% 2.25% {1) In June 2020 the charlly look adanlage of the low intèrèst ralas and r8flnanc8d two loans wlth Nat W86t. consolidating them Into one. The new Lo8n is fully s¥Gured on three properties lone leasehold), slted close to the College along with the Junior School. in line with the previous arrangelnenls. {ii) In June 2020, the charity took advantage of the Govemment C8ILS loan arrangement lo ensure adequate Cash is availatAe during the Covid pandemic. Intorèst on th6 loan was covered by the government lor 12 months. Repayrnents commenced in July 2021. Th8 Junior School slte provide5 security for Ihis108n. £2.325.000 of tha outst&ndlng loan balance was r¢p8id in September 2021. At 31 July 2022. thè cal￿ng value of assets pledged as secudty under the loans is £13,530,892. Poge 43 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year endlng 31 July 2022 16 ANALYSIS OF NET ASSETS BETWEEN FUNOS Thg group's nèt 888918 ￿long to the v8riOU8 funds Bs at 31 July 2022 a6 follows.. Flx•d Not CuTrent A•••t* Long Temi Ll•bllltles Fund B•lJnc•• Re8tricled fund5 De￿gnated lunds Unreslrlct8d funds 777,126 192,627 466,160 777,120 192,827 44 797,849 55,831.283 10.567 233 55,831,263 10 567253 45 787,802 Th8 Sehool's nat assot# belong to the v8rfou8 lund8 a8 al 31 July 2022 as fdlow8'. Flx•d N•t Current Long T•rm Ll•bllltlg• Fund B•l•nc Re¥lricled funds Deslgn8t8d fund$ Unre8lrict8d fundB 777,126 192,827 777,126 192,827 44 791 872 55,830,419 10 567 253 55830419 10,567,253 498,659 ￿ 45,761,825 Page 44 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year endlng 31 July 2022 17.1 RESTRICTED FUNDS: MOVEMENT IN THE YEAR 831ance 31 July 2021 Incorning Rasourc8S R880urces Expended Balance 31 July 2022 Transfers Activity Centre other C8pi181 Projects Bursary Funiy Lourdes B￿rSary Fund Susan Goodchild Wodlson Scholar8hlp 1,659 34.442 331,805 11,6591 3.158 403.873 502 37,600 711.498 503 24,1801 27,456 434,989 89 367.976 27,52S 777,126 25,8391 Balanc8 31 July 2020 Incoming Resources ReBourGes Expended Balanc• 31 July 2021 Tran8ler8 Activity Centre Other Capital ProleciB Bursary Fund Lourdes Bursary Fund Susan Goodchild Wooffson ScholgfBhlp 1.515 3,158 101.067 11,5151 3.158 403,873 502 329,236 501 126,4301 27.388 357.125 88 105,809 27,456 434,989 27,945 Activity Centre.. Fund raising for a spedfic prolect at Ihe Cdlège. Capit81 Project5., Fund r8i5in9 lor olher Capitsl Projects. Bursary Fund.. A fund sat up to finance transforni&tlonBI burs8￿81 Iformofly the Assisted Ploces programme Su¥an Goodchikl .. A fund set up for sixth forrn students. Wotfson Schdarship.. For disabled chik*ren. The Iranslers fBpresenl restricted fund5 mèt And th•rèfort mov8d to unréstrktèdlgèneial funds.. Frcm thè Activity Centre and Other C8pit81 Projects in resp9Ct of eMp8ndilure durlng the year. From the Bursary Fund to pay thé f8es of one pupil on thg TranBforrnational Bursaries 5chern8. Page 45 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year ending 31 July 2022 17.2 UNRESTRICTED FUNDS: MOVEMENTS IN THE YEAR 2022 Unr83tr1ct8d Fund8 Designated Funds Restricied Funds Total Funds Fund Movèmènt Balance Brought romar Tot81 Incoming Re3ourco8 Total Resources Expended Transfer8 42,174.629 30,888.061 {28,366.3011 101,460 193,050 75.398 434,989 367,976 42,802,668 31,331,435 128.366,3011 175,6211 125,8391 44.797.849 192.827 777,126 45,767,802 2021 Un￿striCted Funds Deslgnaled Funds Reslrlcted Fun(Js Total Fundi Fund Movement Balance Brought forward Total Incomlng Resource5 TotBI Resources Expendefl TronsfeTS 41.737,973 26,332,081 126,023,019) 127,594 31,382 261,317 357,125 105,809 42,126.480 26,699,207 126,023,019) 199,6491 127,9451 42,174,829 193.050 434,989 42,802,088 Unr••tAct•d D••lgnat•d Funds Incoming designaled funds don8ted in Ihe year were assigned tOW8rdg the lollowlng projects,. wher• the donors had expros8ed a des￿re for the funds to go towards.. Acllvity Cèntr&. Bursary Fund Boat Club • Future C8pIt81 Prol8cI8 18 CONTRACTS AND COMMITMENTS 2022 £0009 2021 £0009 2,637 Authorised and contracted values for new bulld, repairs ond relurblshm8nt. Page 46 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year ending 31 July 2022 19 PENSION SCHEMES The School pdrtielpates in the Teathers, Pension Scheme (England anrj Wales) I'the TPS'I lor ils leaching staff. The penslon charge lor the year includes contributions payable lo the TPS of £1,988,510 12021.. £1,989.96118nd gt the ye8r-end £243,05912021.' £238,593) was accrued in respect ol contrlbullon¥ lo Ihls sch8me. The TPS is an unfunded rnulti-ernployor defined benefits pension scheme governed by the. T88ch8rs' Pensions RegulatiDn5 2010 las arn8nd8dl and. the Teachers, Pgn5ion Scheme Regulations 2014 las amendedl. Members contribute on 8 PBY as you go. basis with contributions from members and th8 employer belng eredlled to the Exthequer. Rgtirernont and other pension benefits are paid by publlc fupds tyovldad bv P8rll8rnanl. The employer contributs'on rate Is sel by th¢ Secretary of Stale following scheme valuation5 undertaken by the Govemm6nt Actuarfg D8pArtment. Thè moyt re(xnl 8cluarial valuation ol th8 TPS was prepareé as 81 31 March 2016 and the Valuation Report, which was published in March 2019, confirmed that the emplwr contribution ralè lor th& TPS would increase from 16.4% 10 23.6% from 1 September 2019. Employ8rs ar• 8180 required to p8y a scherne 8dminlstration levy of 0.08% oiving 8 tolal employer conlribullon r8t• ol 23 68% rhe 31 March 2016 Valuabon Report was pr8par8d In *c￿danc& with Ih? trxryneflls sel out in the scheme regulallons and un(Jer the approach spealied in Ihe Dir¢ctions, 89 they applied al 5 March 2019. However, tho assumpllons were considered and set by the Department lor Educallon prior lo the ruling in the 'McCloudlS8rg98nt ¢8S8'. Thls r4se h8s roquired the courts to consider cases reoarding tha implomantatlon of th8 2015 r•forrn5 to Publlc Servlce Pensions including the Teach6r8' Pan￿On8. On 27 June 2019 the Suprerne Court denied the govemment pemiission to gppe81 the Court ol Appe81'$ ludgemènl that IrBnsltional provislong Introduced to the r8fom)qd p8nsion schèmas In 2015 08ve rise lo unlawful aoe dlscrlmlnatlon. The government Is respectlng th& Court's d9Cl8lon and ha8 sald it will eng8ge lully with the Employment Tribunal as wo11 as amployer and m9mb?r repre6entab.ves to agree how the discriminats'ons will b8 remedied. The govemrnent 8nnounced on 4 February 2021 Ihal il inlends to proceed wilh a delerred choice undorpln undtsr which member3 will be able to ch005e either leg8cy or raformed $chem& ben8lllB in respect ol their service durin9 the period between 1 Aprfl 2015 and 31 March 2022 al the polnl Ihey become p8y8bl8. The TPS Is Bublect to O C08t cap mechAnl$m whl¢h was pul In pla¢8 to prtst8d 18xp8yers agalnst unlores8en chang68 In sch8mè costs. Thg Chief Secretary to the Treasury, ha¥Ang in 2018 announced that there would bg a review of this fo81 rap mechani8rn, in January 2019 announced a pause to tho cost cap mechanism followlns the Court of Appeal's ruling in the M¢CkJudlSargeant Case and until there Is certalnty about the value ol pension8 to employees from April 2015 onword8. Th• pausa was liftèd in July 2020, and conBult81ion w8s launched on 24 June on proposed changès to the cost ¢x)nlrol rnech8lli8fn folk)w4ng 8 review by the Govemmenl Actuary. Followlng 8 publi¢ Consultal￿n. the Government have accepted three key woposals recofflmendgd by the Government Actijary, and are aimlng to implement Ihese changas in for Ihg 2020 v4lu8ticffis. The 2016 eosl control valuations have since been completed in January 2022, and the results indic8t6d that there would be no changes lo benefits or Fnember conldbullons requir8d. The r88u115 of the C08t Cap valuation are not used tD set the employer contribution rate, and HM Treasury has conlirrned Ihal any changes to the employer contributs'on rate ￿SULtsn9 from the 2020 v8lu8I'ons will take effect in April 2024. Until the consultation and th8 Cost cap mechanism review are completed it is not possible lo condude on any Ilnana81 imp8Ct or futur8 ch8ng8s lo the contribution rates of the TPS. Accoidingty no provision lor any 8ddlllon#l p88t beneffit prension costs in included in these financial stalernents. The School 8150 run5 a 5cherne for its non-le8Ghing staff and for teaching stsff who have opted out of TPS, which is a defSne(J contrfbutions scherne. The ¢03t for the year represents the School's contributions lo that scheme 01 £442,09912021.. £372.7611. Page 47 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year anding 31 July 2022 20 RECONCILIATION OF NET INCOMING RESOURCES TO NET CASH INFLOW FROM OPERATK)NS 2022 2021 Net incoming res(xJrc8S Non-operating cash flows eliminat8d'. Inveslmenl Incorne Fin8nce Costs Depreciation charges added baek IGainyLos8 on disposal ol tangible Ilxed 8SS8ts Ilncreasel In stock D8cr8aselllncreasel Sn debtofs IDecre8s•lllncrtras8 In r*èdliorg 2,965.134 676,188 115,6341 146.988 2,909,776 119,5121 143,601 2,742,984 10,915 17,3571 97,191 $42,724 142,5401 1124.3751 1244,0071 5,595,387 4,186,734 21 OPERATING LEASE COMMITMENTS . GROUP AND SCHOOL rhe Group & School had the follovAng commltmenls under n￿n-￿nCellBble operatln9 Iva5•6.' Dlgllal Equlpmenl 2022 2021 Prop•rty 2022 2021 Operatlng lease comrnltments.. Within 1 year within 2- 5 years 59.375 118,749 59.375 178,124 427,000 425,000 42S,000 178,124 237,499 427,000 850,000 22 ANALYSIS OF NET DEBT Other non- cash chgng88 A11Aug 2021 At 31 July 2022 CAshllows Cash and cash oqulvalents Cash al bank Cash in hand 8.641,430 5,739 8.647,169 11,717,079) 12,7061 11.719,7851 6,924,351 3,033 6,927,384 Borrowlngs Bank loans due within one yaar Bank loan& duo aftor ono year 927,065 2.325,000 3.252,D65 1,532,280 1412,5221 412,522 1666,5681 14,263,627) 14.930.195) 1.997,189 17,001.1491 18,182.2601 464.909 Net cashlldebtl P808 48 ST GEORGE'S WEYBRIDGE NOTES TO THE FINANCIAL STATEMENTS for the year gnding 31 July 2022 23 CONNECTED CHIJIITIES ANO RELATED PARTY TRANSACTIONS Mr J Hood is a director of the Joint Venture Cc¥npany. r5 C Shevlin is a director ol th8 whofty owrwd subsldlary. The CongregatR)n ol J058phll85 Icharfty number 03120711 is a Cc￿neCted charfty ol tha company. Transactions wllh theBe 8ntitie8 indud8 2022 2021 1 Th• Conuwatltsn of Jo•?phlt•• Jolnt costs reimbursed 111,966 425,607 114,300 425,0 Rent pald 2 Jolnt V•hturg St G•org•'8 Woybrldge and Surr•y County T•nnls C•ntr• Llmlt•d Investment Amovnt due 35,61XI 34,036 3 Subildlmry 8t G•or9•'• W•ybr5dq• Efit•rpA••• Llmlt•d Inv8Jlment 100 100 Amount du8 141,215 154,105 71,ffj54 153,514 140,SS3 16,180 Charges for mnt, $talf tlme and share of overheads Gifts recelved Page 49